The U.S. budget deficit narrowed sharply in November from a year earlier, which could further reduce Washington's taste for austerity.» Read More
The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite GM's public contention that it could still reorganize outside court, the New York Times reports.
All stocks benefit now that toxic assets no longer threaten the financial sector’s balance sheets. Here’s why.
For the last eight weeks, nearly 200 federal examiners have labored inside some of the nation’s biggest banks to determine how those institutions would hold up if the recession deepened, the New York Times reported.
Is bailout nation about to strike again? Sure looks like it. According to this morning’s front-page Wall Street Journal story, life-insurance companies are about to get TARPed. This is nuts.
Federal and state officials say they are cracking down on mortgage modification scams that target the Obama administration's efforts to make home loans more affordable
Luckily for investors, the news isn’t yet priced into stocks. That means it is time to buy.
Four small banks became the first to return millions of dollars of emergency aid, and more may soon follow as the industry tries to escape what it considers the onerous conditions attached to the government’s money.
The depth of the recession and the use of taxpayer dollars to bail out companies have made it politically acceptable for overseers to tinker with employment agreements.
Economist Nouriel Roubini thinks Treasury Secretary Timothy Geithner's plan to rescue America's banks is good, but not a cure-all.
To really understand Washington’s new power structure, you need to look beyond the limelight to a group of below-the-radar appointees who will be implementing President Obama’s economic and business agendas.
President Barack Obama announced Saturday he would nominate three new people for positions at the Treasury Department.
"This book will be my account of our challenges as first responders in dealing with a once- or twice-in-100 years global credit crisis, armed with imperfect information and limited powers," says Henry Paulson about the book he is planning to write for the Fall.
Treasury Secretary Tim Geithner will unveil a four part plan to reform financial regulation when he testifies before the House Financial Services Committee Thursday.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.
Global stocks were mixed on Wednesday as the enthusiasm over the U.S. Treasury's plan to rid banks of up to $1 trillion in toxic assets was tempered by investors' second thoughts over how successful it could be.
Futures advanced Wednesday after an unexpected rise in durable-goods orders snapped a six-month slide.
President Barack Obama said Tuesday he hopes "it doesn't take too long to convince Congress" to approve new authority to oversee big, tottering financial firms.
Tim Geithner is looking to flex a little more muscle. On Tuesday he told Congress that he wants more authority.
Global stocks soared again Tuesday after investors cheered the U.S. Treasury's plan to free banks of up to $1 trillion in toxic debt, part of an array of measures designed to jumpstart lending and the economy. Experts tell CNBC the U.S. economy may be close to a bottom.