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Federal Budget (U.S.)

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  • Bernanke to Testify Next Week On Mortgage Crunch Thursday, 13 Sep 2007 | 12:02 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)

    Federal Reserve Chairman Ben Bernanke is scheduled to testify before the House Financial Services Committee on Sept. 20, a spokesman for the panel said.

  • Jobless Claims Rose Less Than Expected Last Week Thursday, 13 Sep 2007 | 8:58 AM ET
    Unemployment Line

    The number of U.S. workers signing up for jobless benefits edged up a smaller-than-expected 4,000 in a holiday-shortened week, a government report showed on Thursday.

  • Fed Playing Middle Ground On Cutting Rates Wednesday, 12 Sep 2007 | 5:16 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)

    Whether by dumb luck or intelligent design, Federal Reserve officials appear to have squeezed their way out of a dangerous policy trap.

  • Trade Gap Narrows in July to $59.2 Billion Tuesday, 11 Sep 2007 | 9:48 AM ET

    The U.S. trade deficit narrowed slightly in July as exports continued to grow this year at a stronger pace than imports, even though both categories set records, a Commerce Department report showed on Tuesday.

  • Janet Yellen's Speech to the NABE Monday, 10 Sep 2007 | 11:10 AM ET

    The prepared text from Janet Yellen's speech to the National Association for Business Economics’ Annual Meeting in San Francisco, California

  • Video Roundup: What Investors Should Do Friday, 7 Sep 2007 | 5:38 PM ET

    CNBC talks to the the experts about what investors should do in this market.

  • Economic Outlook: The Week Ahead Friday, 7 Sep 2007 | 4:17 PM ET

    Investors will look in the coming week for any signs of calm returning to distressed money and credit markets and await a signal from Federal Reserve Chairman Ben Bernanke on whether an interest rate cut is imminent.

  • Market's New Worry: What If Fed Doesn't Cut Rates? Thursday, 6 Sep 2007 | 3:39 PM ET

    The markets are expecting a rate cut. The Federal Reserve is reluctant to give them one. Add to the mix some surprisingly good economic news. What've you got? A lot of confusion.

  • Mortgage Watch: Why Libor May Cost You Money Thursday, 6 Sep 2007 | 2:34 PM ET

    Most homeowners probably don't know what it is--or even how to pronounce it.  But the London Interbank Offered Rate, or Libor, is having a noticeable impact on adjustable rate mortgages.

  • Fed's Kroszner Says Mortgage Crisis Could Hit Economy Thursday, 6 Sep 2007 | 2:11 PM ET

    Turmoil stemming from subprime mortgage delinquencies could dampen demand for homes and ultimately slow economic growth, Federal Reserve Governor Randall Kroszner said Thursday.

  • CNBC Task Force: Need to Know Thursday, 6 Sep 2007 | 12:12 PM ET
  • Service Sector Growth Steady in August Thursday, 6 Sep 2007 | 11:27 AM ET

    U.S. service sector growth held steady in August, although employment conditions deteriorated to their weakest level in nearly five years, according to a report released Thursday.

  • Fed: Tighter Credit Hurts Housing, Not Economy Wednesday, 5 Sep 2007 | 4:42 PM ET

    Financial market turbulence leading to tighter mortgage lending standards noticeably hurt housing activity in most Federal Reserve districts in recent weeks, adding uncertainty about the recovery of the downtrodden housing sector, the Fed said on Wednesday.

  • Pending Home Sales Plunge; Private Job Gains Fade Wednesday, 5 Sep 2007 | 1:46 PM ET

    Pending sales of existing U.S. homes plunged by a record 12.2 percent in July, and private employers hired the fewest workers in more than four years in August, according to reports released Wednesday that point to a weakening U.S. economy.

  • Fed's Lacker Says Rate Cut Is Not Automatic Tuesday, 4 Sep 2007 | 4:30 PM ET

    Richmond Federal Reserve Bank President Jeffrey Lacker said on Tuesday he would back an interest rate cut if the evidence pointed to slowing U.S. economic growth and diminished inflation, but he warned that this outcome was by no means automatic.

  • Bernanke: Fed Ready to Act If Needed Tuesday, 4 Sep 2007 | 11:14 AM ET
  • A History of Recessions Tuesday, 4 Sep 2007 | 11:09 AM ET

    Economics is known as an imprecise science and one might need look no further than the business of calling recessions to see that. Unlike the weather, recessions arrive before you know it and depart under the same circumstances.

  • Ben Bernanke's Speech to the Kansas City Fed Tuesday, 4 Sep 2007 | 11:08 AM ET

    "It is not the responsibility of the Federal Reserve--nor would it be appropriate--to protect lenders and investors from the consequences of their financial decisions. But developments in financial markets can have broad economic effects felt by many outside the markets, and the Federal Reserve must take those effects into account when determining policy."

  • Bernanke: Fed Will Act If Needed But No Bailout Tuesday, 4 Sep 2007 | 11:06 AM 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 will take the necessary steps to shelter the economy from turmoil in financial markets but will not bail out investors, Chairman Ben Bernanke said.

  • Video Roundup: Latest From Jackson Hole Friday, 31 Aug 2007 | 5:41 PM ET

    Here are the latest video reports from Jackson Hole, Wyo., where Federal Reserve Chairman Ben Bernanke said that the central bank is prepared to act "as needed" to help provide liquidity to the financial system but won't bail out investors who made bad decisions.