Unless Congress takes action, the U.S. will hit its debt limit on Mar. 16, Treasury Secretary Jack Lew wrote in a Friday letter.» Read More
With rumors swirling over a nationalization of Citigroup and serious questions being raised about the Geithner nomination, the US is in for a tough weekend, says Andrew Busch.
Wall Street and Washington now favor a government-run entity to buy troubled assets from banks and other struggling financial firms.
Team Obama has gotten its way on the Tim Geithner nomination for Treasury Secretary - but the Democrats may rue the day, since Geithner’s lack of character and truth-telling will surely take its toll and sully President Obama’s new era of responsibility.
With the dramatic plunge in the British pound and the dramatic rise of the Japanese yen & Swiss Franc, the rumblings from Tokyo to Zurich to London are all pointing in the direction of action, says Andrew Busch.
Treasury Secretary-nominee Timothy Geithner revealed new insights into how the Obama administration plans to handle the Wall Street crisis.
The stock dropped after the Treasury Secretary nominee admitted he used the software to do his taxes.
As we prepare for US Treasury nominee Tim Geithner's confirmation hearings before the Senate Finance committee, we have already got a taste of what is to come, says Andrew Busch.
Stocks are swooning again — down seven straight days — and threatening to break below a November 20 bottom. Part of this stems from bad economic data, including today’s announced plunge in December retail sales. This of course follows last Friday’s outsized drop in payroll employment.
The top Republican on the Senate Finance Committee said Wednesday the panel delayed a hearing on the nomination of Timothy Geithner to head the U.S. Treasury to give senators more time to reflect on Geithner's failure to pay payroll taxes.
The Treasury Department has invested $72 million out of the $700 billion in federal bailout funds to help prop up the Independent Bank of Michigan, which traces its roots back 144 years. It is a small chunk of the giant rescue fund being wagered by Washington to encourage banks like Independent to resume lending and jump-start the frozen economy, says the New York Times.
The board members of the Federal Reserve Bank of New York weighed who will become its next president over the weekend, interviewing candidates and meeting to discuss them, people briefed on the conversations said.
The Bank of Japan said Thursday it will provide 1.22 trillion yen ($13 billion) in emergency loans to financial institutions as part of a new program to spur lending to the country's businesses.
China has bought more than $1 trillion of American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at home, a move that could have painful effects for American borrowers, the New York Times reported.
After fleeing to the safety of US Treasurys, investors are moving back into stocks and corporate bonds in search of something else—profits.
If you haven’t been able to tell by now, I like to write. Look no further than my three books for proof. I seek to raise awareness of important issues, always trying to strike themes that investors can act on. I do this from a macro perspective, from the top-down — the subject of my latest book, Investing from the Top Down. Here are my top 10 'Top-Down' investing themes for 2009.
If you’re among the millions worried that the government is squandering your money with the TARP – CNBC's Steve Liesman says think again.
The White House and the Treasury are deep into negotiations with General Motors and Chrysler over reorganization plans that could result in more than $14 billion in emergency loans, the New York Times reported.
Investors are still sorting out what the Fed's moves this week mean, but if you look at some corners of the credit markets, there are signs of thaw.
The Fed's historic assault on the financial crises cheered stock investors Tuesday and could carry the market higher Wednesday.
Cramer explains why he's no longer worried about a total market meltdown.