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Federal Budget (U.S.)

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  • Former Finance Ministers Speak Their Minds at Summit Tuesday, 9 Sep 2008 | 2:29 PM ET

    Global financial leaders convened at an economic summit held at the University of Virginia to discuss the world's economic concerns. The conference tried to design a blueprint for how to solve some shared economic problems, such as the subprime mortgage crisis and rising fuel and food costs.

  • US May Be Running Out Of Options To Stop Recession Tuesday, 9 Sep 2008 | 7:41 AM ET

    Despite a Fannie-Freddie takeover, a $168-billion stimulus measure, a housing rescue package and Fed rate cuts, the economy is still struggling.  Now what?

  • Bush Signs US Housing Rescue Plan into Law Sunday, 7 Sep 2008 | 12:32 PM ET

    U.S. President Bush Wednesday signed into law a housing rescue plan passed by Congress as foreclosures rise and property values slump, including emergency backstop credits for the big mortgag elenders.

  • Surge in Joblessness May Deepen US Housing Slump Friday, 5 Sep 2008 | 12:16 PM ET

    The surprising jump in August unemployment couldn't have come at a worse time for the already struggling housing market.

  • Unemployment Hits 6.1%, Fueling Recession Fears Friday, 5 Sep 2008 | 8:53 AM ET

    The unemployment rate zoomed to a five-year high of  6.1 percent in August, proof of the mounting damage the economy is inflicting on workers and businesses alike.

  • Beige Book: Full Text Wednesday, 3 Sep 2008 | 2:06 PM ET

    The following is the full text of the Beige Book released by the Federal Reserve on September 3, 2008 and based on information collected on or before August 25, 2008:

  • Rising Unemployment May Deepen US Housing Slump Wednesday, 3 Sep 2008 | 10:27 AM ET

    Little attention has been paid to what a recession and spike in unemployment would do to an already battered  housing market.

  • Fire Bernanke, Hire Trichet: Jim Rogers Friday, 29 Aug 2008 | 6:01 AM ET

    The head of the European Central Bank should be running the Federal Reserve because he is doing a better job at protecting his economy, investor Jim Rogers, CEO of Rogers Holdings, told "Squawk Box Europe" on Friday.

  • Las Vegas Shaken By Economic 'Earthquake' Wednesday, 27 Aug 2008 | 10:51 AM ET
    Bellagio Hotel

    Thunder rolled across Las Vegas in a sudden downpour Monday, a literal representation of the perfect storm that has rocked Sin City.

  • Text: FOMC Minutes Tuesday, 26 Aug 2008 | 2:13 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below is the minutes released by the Federal Open Market Committee after its July 24 meeting on interest rate policy:

  • Fed Minutes: Next Move Is to Boost Interest Rates Tuesday, 26 Aug 2008 | 2:12 PM ET

    Most Fed officials thought interest rates weren't too low at the August meeting, but they also expected their next move would be to boost rates, minutes show.

  • Jackson Hole Roundup: Pimco, BlackRock & More Friday, 22 Aug 2008 | 4:28 PM ET

    As U.S. Fed chiefs met in Jackson Hole, Wyoming to discuss ways of preventing another credit crisis, CNBC's Steve Liesman asked top economic minds for their insight on the government's actions.

  • Bernanke: Rates May Stay Low As Inflation Eases Friday, 22 Aug 2008 | 10:14 AM ET
    Ben Bernanke

    Federal  Chairman Ben Bernanke indicated the Fed should be able to keep interest rates low for some time, as the recent drop in commodity prices should reduce the threat of inflation.

  • Warren Buffett may make some brief appearances in a new documentary film that paints a bleak picture of America's financial future, but he didn't quite follow the script in a live discussion beamed to hundreds of movie theaters for the film's premiere.

  • Warren Buffett will make multiple live appearances throughout the three hours of CNBC's Squawk Box this coming Friday morning, August 22. He'll be sitting down with our own Becky Quick, who is traveling to Omaha for the premiere the night before of a new anti-deficit documentary that includes an appearance by Buffett.

  • Pimco's Gross: Fed Will Not Raise Interest Rates Friday, 15 Aug 2008 | 5:09 PM ET

    Bill Gross, founder and chief investment officer of Pimco, does not believe the U.S. Federal Reserve will raise interest rates, he told CNBC on Friday.

  • 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.