IRS Official Lois Lerner Placed on Administrative Leave
Federal Budget (U.S.)
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Glenn Hubbard, Columbia Business School dean, explains why he believes a balanced approach is the best way to fix our nation's debt problem and encourage economic growth.
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Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday he expects the downtrodden U.S. housing sector to improve by the end of the year.
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The U.S. appears likely to avoid an economic downturn but the chances of a recession have risen, St. Louis Federal Reserve Bank President William Poole said Monday.
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The U.S. economy showed further signs of slowing, particularly with Thursday's report that the jobless ranks continued to swell last week
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Jobless claims fell by 22,000 last week, but the number of workers remaining on jobless aid rose to its highest in more than two years.
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If the health of the economy is so murky, why has the Federal Reserve been so aggressive in cutting interest rates?
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The labor market may be weak, but that doesn't necessarily mean the US economy is in recession or on the verge of one.
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President Bush unveiled a $3.11 trillion budget Monday for fiscal year 2009 that begins on Oct. 1. The proposal will be sent to the Democratic-led Congress, likely setting the stage for a fresh round of sparring over spending priorities.
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President Bush acknowledged Monday a weaker economy would lead to higher budget deficits, as he unveiled a $3.1 trillion spending plan for fiscal year 2009 that would nearly freeze domestic programs.
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Consumers spent less in December than at any time in the past 15 months while applications for unemployment benefits soared last week, two more signs the economy is weakening.
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1st paragraph of story should go here
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The Fed cut interest rates another half point, but economists are divided about whether its policy statement will successfully manage market expectations.
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The statement released by the Federal Open Market Committee after its January 29-30 meeting on interest rate policy.
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The Federal Reserve cut its key interest rate another half point, as expected, and sparked a stock market rally by signaling that further rate cuts are possible.
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The Fed is expected to lower U.S. interest rates another half-point Wednesday as part of an ongoing effort to bolster the economy.
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Though there’s been much debate over how much the Fed should cut rates, the central bank's statement may be more important to the Fed’s credibility and market expectations.
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U.S. economic growth skidded to a five-year low of 0.6% in the fourth quarter, reflecting the toll a slumping housing sector has taken on the national economy.
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Critics of many stripes think Bernanke is doing a poor job, whether it is lowering interest rates for the wrong reasons or keeping them too high for too long.
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U.S. individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
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Recession. Bear market. Credit crunch. Is it better to stay out of the stock market or use the recent selloff as a buying opportunity?
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Talk may be cheap, but the endless chatter about a looming recession may wind up being very costly to the US economy.