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Federal Budget (U.S.)

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  • Pros Ands Cons For A Rate Cut Tuesday, 7 Oct 2008 | 1:25 PM ET

    Cries for a rate cuts from central banks across the world are growing, but the arguments against such a move aren't going away.

  • Midwestern Town Feels Wall Street's Pain: Mayor Monday, 6 Oct 2008 | 1:59 PM ET

    Franklin, Ind., an industrial-based town south of Indianapolis is starting to feel the effects of Wall Street’s pain, said Fred Paris, the town’s mayor on CNBC’s “Squawk on the Street.”

  • Jobs Outlook Darkens As Financial Crisis Grows Sunday, 5 Oct 2008 | 11:19 AM ET

    The worsening credit crisis is creating even more worry about the labor market outlook and there was little consolation in the jobs report Friday.  All signs are pointing to further deterioration in the months ahead. The big question is how bad it will get and how quickly.

  • Jobs Outlook Murky As Financial Crisis Grows Friday, 3 Oct 2008 | 8:35 AM ET

    The worsening credit crisis is creating even more worry about the labor market outlook and there was little consolation in the jobs report Friday.  All signs are pointing to further deterioration in the months ahead. The big question is how bad it will get and how quickly.

  • Credit Crisis Hitting Home: 'Everybody Cries Together' Thursday, 2 Oct 2008 | 2:51 PM ET

    As the credit crisis spreads around the globe, it is reverberating back to Main Street in ways never seen before.  As such, stories similar to the Hendrick's Turf farm are being played out across America.

  • Real Economy In Real Trouble, Too Thursday, 25 Sep 2008 | 1:17 PM ET
    Unemployment Line

    Now, with a deal on the financial bailout expected soon, let's get back to the real economy—and the recession already in progress.

  • Slowdown: Jobless Rate Jumps, Durable Goods Slip Thursday, 25 Sep 2008 | 9:31 AM ET

    The number of workers filing new claims for jobless benefits jumped 32,000 last week,while new orders for durable goods dropped by a sharper-than-expected 4.5 percent in August.

  • Gross: Bailout of Wall Street Will Help Main Street Wednesday, 24 Sep 2008 | 3:27 PM ET

    The Treasury’s bailout plan for Wall Street will also benefit Main Street, Bill Gross, founder and chief investment officer of investment management firm Pimco, told CNBC Wednesday.

  • Hey Congress, You Already Passed Homeowner Bailout Tuesday, 23 Sep 2008 | 3:46 PM ET

    In the debate over homeowner aid in the Wall Street bailout, both sides appear to have forgotten that Congress approved a $300 billion mortgage rescue in July.

  • Fed Acted Like a Liquidity Drug Dealer: Economist Tuesday, 23 Sep 2008 | 5:10 AM ET

    The Federal Reserve, which has encouraged excessive borrowing, is to blame for the credit crunch that has gripped world markets for more than a year, Marc Faber, the author of the Gloom Boom & Doom Report, told CNBC on Tuesday.

  • Bailout Plan Will Be Drag On Fragile US Economy Monday, 22 Sep 2008 | 1:53 PM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    “The Wall Street mess will now have collateral damage to the real economy,” says Steve Hanke, a former White House economist. “We're coming into this thing in a terrible situation.”

  • Paulson Calls For 'Decisive' Relief Plan For Banks Friday, 19 Sep 2008 | 10:54 AM ET
    Henry Paulson

    Treasury Secretary Henry Paulson Friday called for the U.S. government to spend hundreds of billions of dollars to take toxic mortgage assets off the books of financial firms to restore financial stability.

  • What the Pros Say: Wall Street Welfare? Wednesday, 17 Sep 2008 | 8:30 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Investing experts and economists worldwide weigh in on AIG and what this recent run of bailouts means for financial sectors across the globe.

  • Fed Leaves Rates Alone But Is Monitoring Credit Crisis Tuesday, 16 Sep 2008 | 4:00 PM ET

    The Federal Reserve, meeting during an unprecendented crisis on Wall Street, decided to leave interest rates unchanged but expressed concern about the crisis escalating.

  • Fed Stands Pat on Rates: Experts Sound Off Tuesday, 16 Sep 2008 | 3:42 PM ET

    The Federal Reserve left rates unchanged on Tuesday, giving little relief for Wall Street one day after the Dow's 500 drop. What follows are video highlights of the experts' reactions.

  • Markets Push for Rate Cut But Might Not Get One Tuesday, 16 Sep 2008 | 10:43 AM ET

    Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish.

  • Fed To Cut Interest Rates: Take Our Poll Tuesday, 16 Sep 2008 | 10:20 AM ET

    Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish. Take our Poll:

  • Fed's Strategy Has Moved Beyond Rate Cuts Tuesday, 16 Sep 2008 | 8:19 AM ET
    Federal Reserve

    Don't expect the central bank to cut interest rates on Tuesday at its regularly scheduled FMOC meeting following the Lehman Brothers-Merrill Lynch-AIG developments, even though that's the action it took in March when Bear Stearns was on the ropes.

  • Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent. 

  • Fed Rate Cut Could Be In The Cards Later This Year Friday, 12 Sep 2008 | 8:35 AM ET
    The Federal Reserve headquarters in Washington, DC.

    The Fed may start considering  another interest rate cut at the end of this year or early 2009, which was widely considered out of the question a week ago.