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Federal Budget (U.S.)

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  • Dollar Rises on Profit Taking Before Jobs Data Tuesday, 2 Oct 2007 | 11:26 AM ET
    Dollars and Euro

    The dollar rose Tuesday from record lows hit during the prior session as investors trimmed overstretched bets against the U.S. currency ahead of key economic data later this week.

  • Dollar Edges Higher, Focus on U.S. Economic Data Monday, 1 Oct 2007 | 12:12 PM ET
    Hundred Dollar

    The dollar rose slightly from record lows against the euro Monday as investors cashed out bets against the U.S. currency ahead of a fresh batch of economic data and central bank meetings this week.

  • Dollar Hits Another Low as Rate Cut Expected Friday, 28 Sep 2007 | 4:55 PM ET
    Hundred Dollar

    The dollar hit another new low Friday, as U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates again.

  • Recession Worries Grow, But Signals Are Mixed Friday, 28 Sep 2007 | 1:57 PM ET
    Unemployment Line

    Recession talk is heating up as the slumping U.S. housing market threatens to shackle free-spending consumers, yet stocks remain near record highs, indicating that many investors see little cause for alarm.

  • Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday that market turmoil could hit the U.S. economy and that a moderation in inflation gave the Fed room to cut interest rates last week.

  • Congress Sends Bill to Avert Government Shutdown Friday, 28 Sep 2007 | 4:24 AM ET

    The U.S. Senate Thursday passed and sent to President Bush a temporary spending measure to keep the federal government running through Nov. 16, giving Democrats and Republicans time to work out budget disagreements.

  • Fed's Mishkin Says Inflation Is Low Thanks to Policy Friday, 28 Sep 2007 | 4:01 AM ET

    Tight central bank monetary policies and well-grounded expectations of low inflation are to thank for low inflation in recent years, not globalization, Federal Reserve Governor Frederic Mishkin said on Thursday.

  • Dollar Slides as Housing, Growth Fears Mount Thursday, 27 Sep 2007 | 4:48 PM ET

    The dollar fell to record lows Thursday, hit by fresh evidence that a weak housing market could crimp U.S. growth and force the Federal Reserve to cut interest rates again.

  • Dollar Fights Back, Shrugs Off Softer Durables Data Wednesday, 26 Sep 2007 | 10:28 AM ET

    The dollar rebounded from record lows against the euro Wednesday, brushing aside a steeper-than-expected fall in August durable goods orders as buyers took advantage of cheap exchange rates.

  • Durable-Goods Orders Take Biggest Dive in 7 Months Wednesday, 26 Sep 2007 | 10:14 AM ET

    New orders for costly U.S.-manufactured goods dropped at the sharpest rate in seven months during August as demand fell across nearly every major category.

  • Dollar Hits Fourth New Low in Four Days vs. Euro Tuesday, 25 Sep 2007 | 5:48 PM ET

    The dollar hit a new record low against the euro Tuesday as a surprise plunge in U.S. consumer confidence to nearly two-year lows raised expectations of another Federal Reserve interest rate cut next month.

  • Gloom Over Holiday Sales May Be Overdone Tuesday, 25 Sep 2007 | 3:10 PM ET
    Shopper with Bloomingdales Bags

    High energy prices, the housing slump and worries about a recession may not have as much impact on holiday sales.

  • Dollar Hits New Low vs. Euro on Rate Cut Qualms Monday, 24 Sep 2007 | 5:02 PM ET

    The dollar hit a record low against the euro for the third straight session Monday, amid fears that a deepening housing slump could rein in economic growth and trigger more cuts in U.S. interest rates

  • Fisher: Fed Tiller Can Steer Either Way Monday, 24 Sep 2007 | 2:57 PM ET
  • The text from a speech given by Ben Bernanke on "Education and Economic Competitiveness" in Washington D.C. on September 24, 2007.

  • Not So Fast On Weak Dollar Concerns Monday, 24 Sep 2007 | 10:54 AM ET

    There's a lot of concern about whether a weaker dollar could cause higher U.S. inflation, but CNBC’s Steve Liesman says not so fast.

  • Dollar Remains Near Recent Lows; Euro Steadies Friday, 21 Sep 2007 | 11:34 AM ET

    The dollar rose marginally from a 15-year low against a basket of currencies Friday, as investors debated whether the U.S. currency's decline has gone too far, too fast.

  • Bernanke: Fed Will Act To Curb Fallout of Credit Ills Thursday, 20 Sep 2007 | 1:54 PM ET
    Federal Reserve Board Chairman Ben Bernanke.

    Federal Chairman Ben Bernanke told Congress the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout from the mortgage mess.

  • Greenback at 30-Year Low vs. Canadian Dollar Thursday, 20 Sep 2007 | 1:00 PM ET
    American Dollar and Canadian Dollar

    The Canadian dollar hit parity with the U.S. dollar for the first time in 31 years Thursday, capping a 62 percent rise from 2002 on the back of booming commodity prices and a deepening disenchantment with the greenback.

  • Full Text of Ben Bernanke's Speech on Subprime Lending Thursday, 20 Sep 2007 | 9:31 AM ET

    The following is the full transcript of the speech made by Federal Reserve Chairman Ben Bernanke on Sept. 20, 2007, before the U.S. House of Representatives' Committee on Financial Services,  on the subject of subprime mortgage lending and mitigating foreclosures.