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Federal Budget (U.S.)

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  • 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.

  • Dollar Strengthens on Fed Rate Cut Wednesday, 19 Sep 2007 | 4:55 PM ET

    The dollar rallied from a 15-year low against a basket of currencies Wednesday, as investors bet the Federal Reserve's interest rate cut Tuesday will help boost a slowing U.S. economy.

  • After the Surprise Rate Cut: Are CEOs Happy Now? Wednesday, 19 Sep 2007 | 3:22 PM ET

    Chief executives such as Ara Hovnanian were the among the loudest voices calling for the Federal Reserve to cut interest rates. Now, after the Fed's surprisingly sharp reduction in rates on Tuesday, CNBC asked several CEOs if they're happy.

  • Fed Still Faces Tough Fight Against Recession: Experts Wednesday, 19 Sep 2007 | 2:16 PM ET
    Federal Reserve Board Chairman Ben Bernanke.

    The Fed’s  rate cuts will do little if anything to help the mortgage and housing industries in the short-term--and the central bank is just at the beginning of a long, hard fight to head off a recession, experts say.

  • Consumer Prices Decline Unexpectedly in August Wednesday, 19 Sep 2007 | 12:38 PM ET

    U.S. consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data Wednesday showed, underlining concerns about the country's economic outlook.

  • Video Roundup: Rate Cut Verdict Tuesday, 18 Sep 2007 | 4:35 PM ET

    The Federal Reserve acted Tuesday, cutting the fed funds rate and the discount rate by a half-percentage point each.  Oil jumped to a new high as the news was announced and immediately afterwards, stocks rallied in the strongest reaction to a Fed move since 2001. With the Fed funds rate now at 4.75 percent and the discount rate at 5.25 percent, where will the market go? CNBC's experts weighed in.

  • Fed Surprises Investors With Steep Rate Cuts Tuesday, 18 Sep 2007 | 3:52 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 Fed cut two key interest rates by half a point, seeking to prevent a steep housing slump and turbulent financial markets from triggering a recession.

  • Dollar Hits Record Low Against Euro After Fed Cut Tuesday, 18 Sep 2007 | 3:23 PM ET

    The dollar touched a record low versus the euro on Tuesday after the Federal Reserve cut the U.S. benchmark lending rate by half a percentage point, the first cut in four years, in a bid to boost the U.S. economy.

  • Federal Open Market Committee Statement Tuesday, 18 Sep 2007 | 2:22 PM ET

    The statement released by the FOMC after lowering rates.

  • Video Roundup: Waiting On The Fed Tuesday, 18 Sep 2007 | 10:49 AM ET

    Federal Reserve policymakers are meeting today in one of the most closely watched central bank conferences in years. The Fed is slated to release its rate-cut decision at 2:15pm ET. CNBC asked the experts what they expect the Fed to do -- and what impact it will have on the economy and markets.

  • Wholesale Prices Tumble On Lower Energy Costs Tuesday, 18 Sep 2007 | 10:05 AM ET
    Gas Pump

    The Labor Department said it was the largest fall in producer prices since a 1.5 percent dip in October 2006. 

  • Video Roundup: What Will the Fed Do? Monday, 17 Sep 2007 | 3:59 PM ET

    Fed policymakers meet Tuesday in one of the most closely watched central bank meetings in years. CNBC asked the experts what they expect the Fed to do and what impact it will have on the economy and markets.

  • Video Roundup: Greenspan Interviews, Analysis Monday, 17 Sep 2007 | 1:59 PM ET

    Alan Greenspan keeps making news, even after leaving the Federal Reserve chairman’s post. Last week, he released his memoirs, taking the Bush Administration to task; and he told CNBC the housing bubble was "unavoidable." Here is a sampling of our broadcast coverage, including an exclusive Greenspan interview with senior economics reporter Steve Liesman.

  • Greenspan: Fed Couldn't Stop Housing Bubble Monday, 17 Sep 2007 | 10:42 AM ET
    Former Federal Reserve Chairman Alan Greenspan

    Former Federal Reserve Chairman Alan Greenspan also says the chances of a recession have risen from January, when he said there was about a 33% chance.