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Federal Budget (U.S.)

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  • 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.

  • Video Roundup: Is a Recession Coming? Friday, 31 Aug 2007 | 2:19 PM ET

    On Friday, Federal Reserve Chairman Ben Bernanke will address the annual monetary conference held in Jackson Hole, Wyo. Amid the U.S. subprime mortgage mess, tightening global credit and a volatile market, everyone is waiting on what Bernanke will say -- and do.

  • Core Inflation in Check, but Consumers Became Wary Friday, 31 Aug 2007 | 11:35 AM ET

    Economic data released Friday showed inflation under control in July while U.S. factories were busier than forecast, portraying a resilient economy in little need of an interest rate cut.

  • What Bush's Plan Means for Homeowners Friday, 31 Aug 2007 | 11:34 AM ET

    President Bush outlined reforms to help struggling subprime mortgage borrowers. This is the president's first formal response to the subprime housing crisis since the problem began snowballing this past February.

  • Inflation Remains Moderate in July Friday, 31 Aug 2007 | 9:14 AM ET

    Core U.S. consumer prices rose by a less-than-expected 0.1 percent in July, showing stable prices that held the year-on-year rate of nonfood, nonenergy inflation to 1.9 percent for the second month in a row, the Commerce Department said Friday.

  • Video Roundup: The Latest from Jackson Hole Thursday, 30 Aug 2007 | 6:46 PM ET

    Federal Reserve Chairman Ben Bernanke is poised to make what may be his most important speech to date on Friday, when he addresses the annual monetary policy symposium at Jackson Hole, Wyo.  CNBC's senior economics reporter Steve Liesman is stationed at Jackson Hole, offering the latest developments as they happen.

  • Bernanke Is Under Pressure To Signal Rate Cut Thursday, 30 Aug 2007 | 6:28 PM ET
    Ben Bernanke

    Federal Reserve Chairman Ben Bernanke is under intense pressure to signal a rate cut when he takes center stage Friday at a gathering of central bankers in Jackson Hole, Wyoming.

  • Economy Surged 4% Before Credit Crunch Hit Thursday, 30 Aug 2007 | 1:23 PM ET

    Strong business investment and higher exports drove the U.S. economy ahead at a robust 4 percent annual rate in the second quarter before turmoil in credit markets struck that is expected to brake growth ahead.

  • Fed Not Rushing to Rescue Investors with Rate Cut: WSJ Thursday, 30 Aug 2007 | 4:21 AM ET

    The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.

  • As Recession Fears Mount, So Do Calls for Rate Cut Wednesday, 29 Aug 2007 | 5:12 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)

    CEOs, politicians and economists are bringing up the "R" word these days. And nearly all of them have a simple solution: the Fed should cut interest rates--and soon.

  • U.S. Household Incomes Rose Last Year Wednesday, 29 Aug 2007 | 1:28 PM ET

    1st paragraph of story should go here

  • Fed Reluctant to Cut Rates, Latest Minutes Show Tuesday, 28 Aug 2007 | 4:57 PM ET
    Ben Bernanke

    Fed policymakers in early August acknowledged they might have to  ease a growing credit crunch but hoped for "more normal market conditions" without intervention.

  • Consumer Confidence Falls To Lowest Level in a Year Tuesday, 28 Aug 2007 | 10:30 AM ET

    U.S. consumer confidence deteriorated in August to its lowest in a year on concerns about a softening labor market and market turmoil stemming from the subprime mortgage crisis, a business research group said on Tuesday.

  • Small Businesses Less Upbeat on Economy: Poll Monday, 27 Aug 2007 | 9:05 AM ET

    Economic confidence among U.S. small business owners fell in August as a slowing housing market soured sentiment, and 41 percent said they had recent cash flow troubles, according to a survey released Monday.

  • The risk of massive defaults on subprime mortgages and heavy debts now poses a bigger threat to U.S. economic prosperity than terrorism, a panel of U.S. business economists said on Monday.

  • Construction Jobs Likely to Decline Further Sunday, 26 Aug 2007 | 3:29 PM ET

    Job losses in the U.S. construction sector could top one million if a housing downturntips the economy into recession and tighter access to credit dampens business investment.Strength in nonresidential construction may continue to offset a downturn in housing for now, but recent turmoil in credit markets suggests job losses may accelerate in the sectorin the next few months.

  • Job Market May Be Dreaming of a Bleak Christmas Friday, 24 Aug 2007 | 12:31 PM ET

    Subprime-battered mortgage lenders are shutting down, fewer homes are being built, and even some of the big U.S. retailers are planning conservatively for Christmas holiday sales.

  • New orders for long-lasting U.S.-made manufactured goods surged a much bigger-than-expected 5.9 percent in July, the biggest gain since September, and a business investment gauge posted the first gain in three months, a Commerce Department report showed on Friday.

  • The number of U.S. workers filing new claims for jobless aid fell 2,000 last week, government data Thursday showed, while the number of people still collecting benefits rose to its highest since April.