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Federal Budget (U.S.)

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  • 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.

  • TEXT: FOMC Statement Wednesday, 30 Apr 2008 | 2:18 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The full statement released by the Federal Open Market Committee after its meetings held from April 29-30 on interest rate policy.

  • Fed Leaves Markets Divided Over Further Rate Cuts Wednesday, 30 Apr 2008 | 2:17 PM ET
    Ben Bernanke

    The Federal Reserve trimmed interest rates to 2% but  left markets guessing about whether further cuts would be needed.

  • Rate Cuts May Not End As Soon as Wall Street Thinks Wednesday, 30 Apr 2008 | 10:16 AM ET
    Traders at the NY Stock Exchange

    “The news on the economy is going to be pretty much unrelentingly bad in the next few months,” says one economist, who adds there’s good chance the Fed will keep cutting rates after Wednesday's meeting.

  • Higher Gas Prices Eat Up Much of Stimulus Check Tuesday, 29 Apr 2008 | 10:49 AM ET
    Gas station in San Francisco.

    As the U.S. Treasury races to get rebate checks to households, higher gasoline prices are  blunting the economic impact of the $152 billion stimulus package.

  • Buffett: Recession Is Here For People on Main Street Monday, 28 Apr 2008 | 10:34 AM ET
    Warren Buffett

    The US economy indeed has entered into a recession, even if the traditional indicators aren't showing it yet, billionaire investment guru Warren Buffett said.

  • Interest Rates Uncertainty Hangs Over US Stocks Sunday, 27 Apr 2008 | 6:37 PM ET

    The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed.

  • The Case For Ending Interest Rate Cuts Sunday, 27 Apr 2008 | 6:28 PM ET

    If the U.S. Federal Reserve wants to restrain oil and food prices and help downtrodden consumers, the best thing it can do is stop cutting interest rates.

  • Texas Governor Seeks Waiver on Ethanol Rules Friday, 25 Apr 2008 | 2:10 PM ET

    Texas Gov. Rick Perry asked the government to cut "skyrocketing" food prices by waiving half of the renewable fuel standard for ethanol made from grain.

  • Bush: Rebates Should Help Economy Out of Slowdown Friday, 25 Apr 2008 | 9:50 AM ET

    President George W. Bush said on Friday that the U.S. economy is in a slowdown but added that tax rebates should help pull activity out of the slump.

  • S&P's Wyss Says US Already in Mild Recession Thursday, 24 Apr 2008 | 11:54 AM ET

    The United States is in a recession but the downturn is expected to be mild because consumer spending is not expected to fall precipitously, Standard & Poor's said Thursday.

  • When Will Oil Prices Stop Rising? Watch the Dollar Tuesday, 22 Apr 2008 | 12:40 PM ET

    Oil prices, which are setting fresh records nearly every day, are likely to keep climbing until the weak US dollar starts recovering and more supplies become available.

  • Economists Even More Gloomy About US Prospects Monday, 21 Apr 2008 | 11:07 AM ET

    Business economists are turning pessimistic about the U.S. outlook and increasingly fear economy will slip into a recession in coming months.

  • Manufacturing CEOs Downbeat About 2008 Outlook Thursday, 17 Apr 2008 | 3:09 PM ET

    Executives at several top diversified U.S. manufacturers said they are starting to see signs of the slowing economy taking a toll on business, tempering their outlook for 2008.

  • Soros: Euro Cannot Become Main Reserve Currency Thursday, 17 Apr 2008 | 12:16 PM ET
    Exchanging Dollars and Euros

    The euro cannot replace the dollar as the world's main reserve currency, and a system of two reserve currencies would be unstable, billionaire investor George Soros said on Thursday.

  • Bank Jitters About Lending Hurt Economy: Fed's Kohn Thursday, 17 Apr 2008 | 10:21 AM ET
    Donald Kohn

    Banks are so wary about lending that credit costs are pushed up despite cuts in interest rates,  Fed Vice Chairman Kohn said. .

  • Mid-Atlantic Manufacturing Slides Further in April Thursday, 17 Apr 2008 | 10:09 AM ET

    Factory activity in the U.S. Mid-Atlantic region contracted for a fifth straight month in April, a survey released on Thursday showed.

  • Jobless Claims Up 17,000, Less Than Expected Thursday, 17 Apr 2008 | 8:36 AM ET

    The number of US workers applying for unemployment benefits rose by 17,000, which was marginally less than expected, while those of workers remaining on jobless benefits were at the highest level in almost four years, a government report showed on Thursday.