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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President Bush on Friday called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession.
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Forget a half-point cut. Wall Street is now speculating that the Fed will lower rates another three-quarters of a point next week.
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The slowing economy will not sink into an election-year recession and an economic rebound is likely beginning next year, the CBO forecast Wednesday.
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The Federal Reserve's decision to slash interest rates by 75 basis points on Tuesday was a bold, well measured move to avoid a sharp slowdown in the U.S. economy, John Snow, former U.S. Treasury Secretary & chairman of Cerberus Capital, told CNBC's "Squawk Box Europe."
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President Bush said he is confident that Congress and the administration will be able to approve a stimulus package to jump-start the economy and calm fears of recession that have shaken financial markets worldwide.
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There is no quick cure for what ails the U.S. economy, but if the Fed's surprise rate cut instills confidence, it may speed a recovery.
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There is no quick cure for what ails the U.S. economy, but if the Fed's surprise rate cut instills confidence, it may speed a recovery.
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The Fed's emergency rate cut drew a mixed response on Wall Street, though the move increased the odds of more reductions.
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The Fed slashed U.S. interest rates by three-quarters of a point, the biggest rate cut in more than 23 years, in an emergency bid to support the U.S. economy.
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U.S. Treasury Secretary Henry Paulson said on Tuesday he was confident the U.S. and global economies were resilient but welcomed an emergency rate rate cut by the U.S. Federal Reserve as a helpful move.
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Agreement between the White House and Congress that the stumbling U.S. economy needs help was a big first step but it was clear Saturday there was room for sparring over crafting a rescue package.
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Forget rate cuts and stimulus packages. In Wall Street's eyes, the recession is already here and the credit crunch is far from over.
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Weaker U.S. growth means that more interest rate cuts are "quite possible" but inflation is also still a risk, Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday.
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U.S. consumers' mood brightened a bit in January, defying expectations driven by the constant drumbeat of talk about a possible recession, weak jobs market and falling stock prices.
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Wall Street is sending a clear message to Washington: an economic stimulus plan and Fed rate cuts are too little, too late.
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Federal Chairman Bernanke told lawmakers that extending tax cuts put in place during the Bush administration could have a positive long-term effect on the economy.
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Most analysts say Fed Chairman Bernanke will move cautiously even if the Fed cuts interest rates by half a percentage point at its Jan. 29-30 meeting, as many now expect.
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U.S. home building projects started in December fell by 14.2 percent to the lowest pace inmore than 16 years, but jobless claims fell unexpectedly last week.
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A Federal Reserve official and a state secretary warned Thursday the slowdown in the U.S. economy was quickening, because of weak housing prices, falling stock prices and rising energy costs.