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Federal Budget (U.S.)

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  • Jobless Claims Fall, But Remain at High Levels Thursday, 14 Aug 2008 | 8:39 AM ET

    The number of U.S. workers filing new claims for jobless benefits fell by 10,000 last week but remained at levels that show labor markets under severe strain.

  • Inflation Heating Up, But Some Think It Won't Last Thursday, 14 Aug 2008 | 8:38 AM ET

    Costlier energy and food helped push July prices up, but  oil prices have begun to decline and analysts hope that the worst might be over.

  • Good Time To Be a Farmer: Atlanta Fed Chair Wednesday, 13 Aug 2008 | 3:21 PM ET

    We're facing increased inputs, but it's a good time to be a farmer, said Larkin Martin, chairman of the board for the Federal Reserve Bank of Atlanta, and also a seven generation farmer.

  • Fed's Lacker: Inflation Bigger Risk than Recession Tuesday, 12 Aug 2008 | 5:51 PM ET
    Federal Reserve

    The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the "exceptionally'' stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said Tuesday.

  • Drop in Oil Prices May Not Boost US Economy Much Monday, 11 Aug 2008 | 2:54 PM ET

    Oil inflicts heavy economic pain on the way up, but a slower and smaller benefit on the way down.

  • Economists Even Gloomier on Outlook for US Recovery Monday, 11 Aug 2008 | 1:46 PM ET

    Economists have soured on the U.S. economy's prospects for the second half of 2008 and have cut growth forecasts for next year as well, a closely watched survey released Monday showed.

  • Just the potential for a U.S. recovery will bring "enormous" amounts of under-invested cash back into the stock market, the head of an investment group said.

  • Jobless Claims Hit Highest Point in Six Years Thursday, 7 Aug 2008 | 10:11 AM ET

    The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.

  • Rate Hike? Don't Hold Your Breath Tuesday, 5 Aug 2008 | 4:48 PM ET

    What you think of today’s statement by the Federal Reserve depends a lot on what you thought before the announcement. Those who believed the Fed was on course to tighten in the fall see the statement as dovish; those who thought that was unlikely see the statement as either neutral or even hawkish. I’m in the camp who believes this statement was neutral as to the outlook for policy changes.

  • Big Selloff in Commodities May Help Ease Inflation Tuesday, 5 Aug 2008 | 2:34 PM ET

    The recent pullback in commodity prices—particularly oil—may moderate inflation in the coming months, providing some relief for consumers, stocks and the Fed.

  • Text: FOMC Statement Tuesday, 5 Aug 2008 | 2:21 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below is the statement released by the Federal Open Market Committee after its Aug. 5 meeting on interest rate policy:

  • Fed Indicates No Rush To Raise US Interest Rates Tuesday, 5 Aug 2008 | 2:14 PM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.

  • For Fed, Keeping Rates Steady Is the Easy Part Monday, 4 Aug 2008 | 8:01 PM ET

    Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.

  • Warren Buffett will participate in a live Omaha "town hall" event to be seen in hundreds of movie theaters across the nation, following the screening of a documentary movie that argues the U.S. is going broke.

  • Stagflation Stifles Global Central Banks Monday, 4 Aug 2008 | 6:10 AM ET

    The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term interest rates this week, and their hands may be tied for some time as economic growth slows but inflation remains high.

  • Market Looks to Fed for Insight on Inflation Sunday, 3 Aug 2008 | 3:05 PM ET

    The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.

  • Oil Prices May Be Unlikely Savior For US Economy Thursday, 31 Jul 2008 | 1:17 PM ET

    The US economy, desperately looking to stave off a recession, might find salvation in an unlikely place: volatile oil prices.

  • White House's Lazear: No Need For Further Stimulus Thursday, 31 Jul 2008 | 11:25 AM ET

    A pickup in U.S. growth during the second quarter showed that the economy was resilient and that an emergency stimulus package was working, a senior White House adviser said on Thursday.

  • Stimulus Checks Helped Keep Economy Growing Thursday, 31 Jul 2008 | 9:35 AM ET
    Street crowd

    An emergency dose of government stimulus helped the U.S. economy grow at a 1.9 percent annual rate in the second quarter, a soft pace but enough to take it off a path perilously close to recession.

  • GDP Likely to Show Gain, Mostly Due to Stimulus Wednesday, 30 Jul 2008 | 5:47 PM ET
    Tax Refund Check

    The US economy probably grew modestly in the second quarter, but analysts believe Thursday's GDP report will mainly reflect the help from stimulus checks.

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