GO
Loading...

Federal Budget (U.S.)

More

  • 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.

  • U.S. Posts $36.32 Billion Budget Deficit in July Friday, 10 Aug 2007 | 2:42 PM ET

    The U.S. government posted a $36.32 billion budget deficit in July, a 9.5 percent increase from the deficit of $33.16 billion recorded a year earlier in July 2006, the Treasury Department said on Friday.

  • Business More Upbeat On Economy, NABE Survey Shows Monday, 23 Jul 2007 | 10:50 AM ET

    After a first quarter swoon, business is more upbeat about the current quarter and the rest of the year--especially when it comes to hiring, profits and productivity, the latest survey by the National Association for Business Economics shows.

  • Many lawmakers, along with advocates for low-wage workers, are celebrating the first increase in the federal minimum wage in a decade. Yet many acknowledge that raising it from $5.15 an hour to $5.85 will provide only meager help for some of the lowest paid workers.

  • Bush Predicts Budget Deficit Will Shrink to $205 Billion Wednesday, 11 Jul 2007 | 1:16 PM ET

    As he struggles with record-low approval ratings and criticism over the Iraq war, Bush was eager to tout what he viewed as a success for his domestic record and credited his tax cuts with reducing the budget gap.

  • Congress Approves $2.9 Trillion Budget Blueprint Thursday, 17 May 2007 | 4:53 PM ET

    Congress gave final approval to a $2.9 trillion budget plan that promises big spending increases for education and health care and a federal surplus in five years.

  • Democrats Agree on $2.9 Trillion Federal Budget Wednesday, 16 May 2007 | 5:36 PM ET

    Democrats controlling Congress presented a $2.9 trillion budget blueprint, ensuring a confrontation with President Bush over spending boosts for education and other domestic programs.

  • New York Senator and presidential candidate Hillary Clinton told CNBC that this week's market turmoil "should be a real wake-up call  for our country" on its foreign debt and fiscal policy.

  • The AMT: Is An "Alternative" Option Possible? Thursday, 8 Feb 2007 | 2:42 PM ET

    Chalk it up to the new centrism -- or perhaps it's because some issues are so irksome, Republicans and Democrats must agree that a solution is needed. Whatever the case, two House members joined "Power Lunch" to sound the alarm over the alternative minimum tax (AMT) -- and the 20-month deadline to fix it.

  • President Bush unveiled a $2.9 trillion spending plan that devotes billions more to fighting the war in Iraq but pinches pennies on programs promised to voters by Democrats now running Congress.

  • Bush Spending Plan Raises Ire From Dems Monday, 5 Feb 2007 | 1:58 PM ET

    President George W. Bush sent his $2.9 trillion budget to Congress this morning, kicking off widespread debate in both the House and Senate. This is the first time during his presidency that Bush has delivered a budget to a Democrat-controlled Congress. Considering Democrats have made it clear that they have a different set of priorities, what kinds of challenges lie ahead?

  • Dems In Power--And Better for Business? Friday, 26 Jan 2007 | 3:28 PM ET

    The Democrats are back in power in Congress--but does that mean they have the confidence of the American people to lead? And are they better for business? It appears so according to a new WSJ/NBC poll. CNBC's John Harwood explained the numbers before a discussion on just why the Dems might be able to sing "Happy Days Are Here Again."

  • President Bush will give the State of The Union speech next Tuesday night to both Houses of Congress--and the American people--and he does at at time when he has one of the lowest approval ratings of his presidency. So--what can he say at such a time? CNBC's John Harwood appeared on "Squawk Box" to give his preview of the speech--and he was joined in commentary with former GE CEO Jack Welch...

  • CNBC On Bernanke's "Difficult Choices" Appearance Thursday, 18 Jan 2007 | 2:04 PM ET

    This afternoon--Congress is mulling over how to proceed, after Fed Chairman Ben Bernanke warned that the U.S. economy could be gravely hurt if Social Security and Medicare aren’t revamped. In his testimony before the Senate Budget Committee, Bernanke also said that economic growth alone is unlikely to solve the nation's impending fiscal problems.

  • Bernanke Meets The Dems: Point, Counterpoint Wednesday, 17 Jan 2007 | 1:00 PM ET

    Federal Reserve Chairman Ben Bernanke will address a changed U.S. Congress tomorrow.  Should President Bush’s man in the Fed alter his modus operandi in tune with a Democratic-controlled legislature? Mark Weisbrot, co-director of the Center for Economic and Policy Research, says the answer is yes.

  • Iraq Troop Surge: Trigger For Political Stalemate? Wednesday, 10 Jan 2007 | 3:47 PM ET

    President Bush addresses the nation tonight at 9 pm to explain his new plan for Iraq, which includes a surge in the number of Americans on the ground. Key Democrats including Ted Kennedy fiercely oppose the Bush plan and are threatening action. On today’s "Power Lunch" CNBC’s Bill Griffeth examined whether this is the end of bi-partisan cooperation we’ve been hearing so much about – and if a huge power clash between the Democrats and the GOP is about to get underway.

  • Fed's Kohn Says Decline In Inflation Not Assured Monday, 8 Jan 2007 | 2:10 PM ET

    The U.S. economy is poised for moderate growth and lower inflation, but there is no guarantee core inflation will continue to ease, Federal Reserve Vice Chairman Donald Kohn said.