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Federal Budget (U.S.)

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  • Income, Spending Rise; Jobless Claims Fall Thursday, 1 Nov 2007 | 10:53 AM ET

    Personal incomes and core consumer prices increased slowly in September, but the number of U.S. workers filing new claims for jobless aid fell by a more-than-expected 6,000 last week.

  • Fed Cuts Rates But Hints Against Further Easing Wednesday, 31 Oct 2007 | 4:28 PM ET
    Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    The Federal Reserve, moving to head off the threat of a recession, cut two key interest rates by a quarter-point but signaled that it may be done easing rates for now.

  • Dollar Hits Record Low After Rate Cut Wednesday, 31 Oct 2007 | 2:57 PM ET
    Dollar and Euro

    The dollar  fell to a record low against the euro after the Federal Reserve cut its benchmark interest rate by a quarter-percentage point and said the pace of economic growth will slow this year.

  • Economy Strong Despite Battered Housing Sector Wednesday, 31 Oct 2007 | 2:42 PM ET
    Credit card swipe

    The U.S. economy grew at a surprisingly brisk clip in the third quarter as both consumer spending and exports showed strength despite a battered housing sector.

  • Federal Open Market Committee Statement Wednesday, 31 Oct 2007 | 2:16 PM ET

    The statement released by the Federal Open Market Committee after its October 30 & 31 meeting on interest rate policy.

  • Will the Fed Give Investors A Trick or a Treat? Wednesday, 31 Oct 2007 | 1:17 PM ET

    The Federal Reserve is still expected to lower benchmark borrowing costs later today despite unexpected signs of strength in the economy.

  • As Fed Meets, Markets Still Count On Interest-Rate Cut Tuesday, 30 Oct 2007 | 4:46 PM ET

    Fed policy-makers began meeting as financial markets continued to bet that the central bank will cut interest rates to shore up the faltering housing and credit markets.

  • Dollar Drops to Another Record Low Ahead of Fed Tuesday, 30 Oct 2007 | 4:00 PM ET
    Exchanging Dollars and Euros

    The dollar fell to a record low against the euro for the third consecutive session on Tuesday, a day ahead of the outcome of a Federal Reserve meeting at which an interest rate cut is expected.

  • U.S. Is Committed to Strong Dollar: Paulson Tuesday, 30 Oct 2007 | 6:45 AM ET

    The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.

  • Fed Expected to Cut Rates To Head Off Recession Tuesday, 30 Oct 2007 | 5:07 AM ET
    Ben Bernanke

    The Federal Reserve is expected to lower interest rates again this week as insurance against the threat that declining home prices and higher borrowing costs will push the economy into recession.

  • Fed Rate Cut Not Sure Thing: WSJ Tuesday, 30 Oct 2007 | 5:01 AM ET

    A Federal Reserve interest rate cut this week is no sure thing and officials are not seriously considering a half-point reduction in overnight rates, the Wall Street Journal reported on Tuesday without citing sources.

  • Dollar Sinks to New Lows on Fed Rate Cut Hopes Monday, 29 Oct 2007 | 2:18 PM ET
    Exchanging Dollars and Euros

    The dollar sank to another record against the euro on Monday, trading at as much as $1.44 against the 13-nation currency for the first time, as markets anticipated a likely interest rate cut by the U.S. Federal Reserve this week.

  • Dollar Falls to Fresh Low Ahead of Fed Meeting Friday, 26 Oct 2007 | 4:49 PM ET
    Dollar and Euro

    The dollar slipped to record lows against the euro and a basket of currencies Friday as investors, faced with a run of weak U.S. economic data, anticipate a Federal Reserve interest rate cut next week.

  • Fed's Evans Says US Economy Is "Moving Forward" Monday, 22 Oct 2007 | 8:22 PM ET

    Chicago Federal Reserve Bank President Charles Evans said on Monday that outside of housing the U.S. economy is "moving forward," and that the Fed could not afford to go soft on inflation.

  • Gloom & Doom Economist Says Worst Is Yet to Come Monday, 22 Oct 2007 | 2:51 PM ET

    Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.

  • Dollar Rallies from Session Lows, Yen Gains Monday, 22 Oct 2007 | 11:23 AM ET

    The dollar rebounded from a fresh low on Monday after as traders pared back bets against the currency after the weekend's Group of Seven meeting yielded no call to action on the falling greenback.

  • Dollar Sinks Further on Economic Worries Friday, 19 Oct 2007 | 5:52 PM ET

    The dollar hit a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.

  • Bernanke: Uncertainty 'Pervasive' for Fed Policymakers Friday, 19 Oct 2007 | 10:43 AM ET

    Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.

  • Fed's Hoenig Says 'Wait and See' on Interest Rates Thursday, 18 Oct 2007 | 12:27 PM ET

    Federal Reserve policy maker Thomas Hoenig said on Wednesday he was open minded about the future direction of U.S. interest rates but was on alert for fallout from financial market woes.