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Federal Budget (U.S.)

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  • US Economy Is Still Weak But Not As Bad As Feared Thursday, 15 May 2008 | 11:29 AM ET

    Investors struggled to figure out where the economy is headed after reports showing a modest increase in jobless claims and weakness in the manufacturing sector.

  • Bernanke Stresses Need For Capital Cushion at Banks Thursday, 15 May 2008 | 9:27 AM ET

    Financial market turmoil underscores the need for "generous" capital cushions, and banks need to actively raise money as needed, Federal Reserve Chairman Ben Bernanke said Thursday.

  • US Economy Shows More Weakness in Manufacturing Thursday, 15 May 2008 | 8:47 AM ET

    The economy is continuing to slow, particularly in manufacturing,  though some areas are not quite as bad as expected, according to the latest reports out Thursday.

  • Gutierrez: US, China Need to Fight Protectionism Thursday, 15 May 2008 | 4:41 AM ET

    The United States and China both need to fend off a troubling rise in economic nationalism in order to keep their economies strong, U.S. Commerce Secretary Carlos Gutierrez said on Thursday.

  • Tame Inflation? Tell That To People Buying Gasoline Wednesday, 14 May 2008 | 1:23 PM ET
    New York Gas Prices at $4 per gallon

    In the real world, gasoline prices surged 5.6% in April, but the government smooths out seasonal oddities so prices appeared lower in Wednesday's inflation report.

  • Consumer Inflation Tamer Than Expected in April Wednesday, 14 May 2008 | 8:34 AM ET

    Consumer prices rose a smaller-than-expected 0.2 percent in April as energy prices held steady, a Labor Department report on Wednesday showed.

  • Fed May Start Fighting Asset Bubbles: FT Wednesday, 14 May 2008 | 3:55 AM ET

    The Federal Reserve may start using regulation or even interest rates to fight asset-price bubbles, instead of trying to limit the damage once they burst, as it has done until now, the Financial Times reported on its Web site.

  • Bernanke Says Crisis Not Over; Prices Worry Others Tuesday, 13 May 2008 | 4:04 PM ET
    Ben Bernanke

    U.S. Federal Reserve Chairman Ben Bernanke said the credit crisis is not over, even as his colleagues revealed growing concerns about inflation that could signal a pause in interest rate cuts.

  • Economy Sluggish, Inflation Higher: Fed Survey Tuesday, 13 May 2008 | 10:34 AM ET

    The U.S. economy will barely expand in the second quarter and the chances of it shrinking have risen, following sluggish growth early in the year, said a Philadelphia Federal Reserve survey released Tuesday.

  • Fed's Pianalto Says Inflation 'A Key Risk' Tuesday, 13 May 2008 | 7:10 AM ET

    Cleveland Federal Reserve Bank President Sandra Pianalto said on Tuesday that although core U.S. price measures were climbing faster than she wanted, Fed monetary policy was compatible with low inflation.

  • Inflation, Housing Data Lead Busy Economic Week Monday, 12 May 2008 | 6:28 AM ET

    It's a busy week on the economic calendar, with the consumer price index, data on housing starts and the Philly Fed index all expected.

  • Market Rally Signals Stocks Looking Past Recession Thursday, 8 May 2008 | 3:44 PM ET
    Stocks up

    “We're of the opinion that the market has likely seen the worst,” says Standard & Poor’s Chief Investment Strategist Sam Stovall. He's not alone.

  • Looking for Answers on Oil's Sudden Spike Thursday, 8 May 2008 | 3:13 PM ET

    Oil prices have soared nearly 10 percent in the past four sessions alone, and CNBC asked the experts for insights and answers.

  • US Credit Crisis Is Easing, Merrill CEO Thain Says Wednesday, 7 May 2008 | 9:55 AM ET

    The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.

  • Paulson Says Markets Emerging From Crunch: WSJ Tuesday, 6 May 2008 | 10:10 PM ET

    U.S. Treasury Secretary Henry Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal.

  • High Foreclosure Rates Hurt Broad Economy: Bernanke Monday, 5 May 2008 | 9:10 PM ET
    Federal Reserve Chairman Ben Bernanke.

    Federal Reserve Chairman Ben Bernanke on Monday said conditions in mortgage markets remain strained, posing a threat to the economy, and urged steps be taken to prevent home foreclosure where possible

  • Bush Says Rebate Checks Will Boost Ailing Economy Saturday, 3 May 2008 | 6:40 PM ET

    President Bush sought to assure Americans Saturday that federal checks en route to them as part of a stimulus plan will help spur the ailing economy and pay for soaring gas and food prices.

  • Pimco's Gross: Fed Could Learn from European Banks Thursday, 1 May 2008 | 2:30 PM ET
    Bill Gross

    Europe's central banks should serve as an example to the Federal Reserve of how to manage an economy suffering through stagnation and liquidity issues, Pimco's Bill Gross told CNBC/Europe.

  • Analysis: The Fed's Baby Punch Bowl Steps Wednesday, 30 Apr 2008 | 3:46 PM ET
    Federal Reserve

    There are a lot of ways to describe what the Fed did today: it took the rate-cut punch bowl off the dining room table, but didn't pour out the punch. It took a baby-step towards neutral, not a grown-up step. That means it preserved the ability to cut if it needs to.

  • Rate Cuts May Not End As Soon As Wall Street Thinks Wednesday, 30 Apr 2008 | 2:36 PM ET
    NYSE traders

    “The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who thinks the Fed may keep cutting after today.