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Federal Budget (U.S.)

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  • Private Sector Shows Unexpected Job Growth Wednesday, 2 Apr 2008 | 10:24 AM ET

    US private-sector employers unexpectedly added 8,000 jobs in March, a report by a private employment service said, confounding economists' expectations of a fall.

  • TEXT: Bernanke's Testimony Wednesday, 2 Apr 2008 | 9:40 AM ET

    The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony before the Joint Economic Committee of Congress on April 2, 2008:

  • TEXT: Henry Paulson's Speech Monday, 31 Mar 2008 | 10:48 AM ET

    The full text of  a speech on the "Blueprint for Regulatory Reform" given by Treasury Secretary Henry Paulson on March 31, 2008:

  • Paulson Says Stimulus Plan to Create 600,000 Jobs Friday, 28 Mar 2008 | 8:17 AM ET
    Treasury Secretary, Henry Paulson

    U.S. Treasury Secretary Henry Paulson said on Friday that an economic stimulus program that will put $168 billion into consumers' hands this year and next could help create hundreds of thousands of new jobs.

  • Economy May Be Slipping Into Recession: Fed Officials Thursday, 27 Mar 2008 | 1:59 PM ET
    Gary Stern

    The U.S. economy seems to be slipping into recession and the Federal Reserve must cushion the pain and make it as brief as possible, two Fed policymakers said.

  • Durable Goods Orders Fell A Steep 1.7% in February Wednesday, 26 Mar 2008 | 10:15 AM ET

    Orders  for big-ticket manufactured goods fell for a second straight month in February, a worse-than-expected performance that provided more evidence of a slumping economy.

  • As Interest Rates Decline, Bernanke's Stock Goes Up Wednesday, 19 Mar 2008 | 11:43 AM 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)

    Fed Chairman Ben Bernanke’s stock is at a 52-week high on Wall Street --- with the exception perhaps of Bear Stearns, which appears to be selling him short.

  • Fed Gives Inflation a Promotion in Tuesday's Cut Tuesday, 18 Mar 2008 | 4:08 PM ET

    Today's statement is another in a series of very significant communications from the Fed. At the extreme, it could mean the Fed is done cutting rates, barring any more massive credit-market upheavals.

  • Fed Can't Unfreeze Credit Just by Cutting Rates Tuesday, 18 Mar 2008 | 2:24 PM ET
    Credit Crunch

    The size of the Fed’s expected rate cut today may help stimulate a sluggish economy. But  it is unlikely to unfreeze the credit markets, especially the mortgage one.

  • Fed Lowers Rates 3/4 Point, Fueling Huge Stock Rally Tuesday, 18 Mar 2008 | 2:19 PM ET

    The Federal Reserve slashed a key U.S. interest rate by three-quarters of a point, to 2.25%, but Wall Street didn't seem to care that the cut was smaller than many had expected.

  • TEXT: FOMC Statement Tuesday, 18 Mar 2008 | 2:17 PM ET
    The Federal Reserve headquarters in Washington, DC.
  • Fed Is Expected to Slash Interest Rates Again Tuesday, 18 Mar 2008 | 10:51 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Fed policy-makers are expected to make the biggest interest rate cut since 1982, while two major Wall Street firms provided some relief to investors with better-than-expected earnings.

  • Fed Keeps Altering Tactics As Credit Crisis Deepens Tuesday, 18 Mar 2008 | 10:27 AM ET
    Credit Crunch

    As the credit crunch worsens,  the Federal Reserve is becoming  more imaginative in its tactics. Wall Street is now betting on a full-point cut in interest rates, to  2%,  when the Fed meets Tuesday.

  • Wholesale Inflation Hotter; Housing Slumps Further Tuesday, 18 Mar 2008 | 10:21 AM ET

    The flagging U.S. economy got more mixed news from its troubled housing sector on Tuesday, while evidence of inflation pressures continued to lurk in the producer pipeline.

  • Economic Stimulus Checks: When Do You Get Yours? Monday, 17 Mar 2008 | 3:41 PM ET

    The U.S. Internal Revenue Service said Monday it would begin sending the first of more than 130 million economic stimulus payments on May 2 and expects to complete the first round of payments by early July.

  • Lehman Brothers -- The Next Banking Casualty? Monday, 17 Mar 2008 | 2:50 PM ET

    Lehman shares tumbled more than 20 percent Monday as Wall Street speculated whether or not it's the ailing banking system's next casualty.

  • Advice on the Heels of the Bear Stearns Buyout Monday, 17 Mar 2008 | 11:47 AM ET

    Stocks were lower in early trading Monday as Wall Street digested the fire-sale buyout of an investment banking giant: Bear Stearns. CNBC brought the market pros for their perspective on the fallout.

  • Fed Announces Emergency Steps to Ease Credit Crisis Monday, 17 Mar 2008 | 10:20 AM ET
    The Federal Reserve headquarters in Washington, DC.

    The U.S. Federal Reserve announced emergency measures to stem a fast-spreading global financial crisis, tapping tools last used in the Great Depression to pour funds into cash-starved Wall Street firms.

  • Fed Tries To Stem Crisis, But It May Not Be Enough Friday, 14 Mar 2008 | 3:25 PM 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)

    Fed Chairman Ben Bernanke  is throwing all he’s got at the economy, but it may not be enough to combat both a recession and credit crunch.

  • Jim Rogers: 'Abolish the Fed' Wednesday, 12 Mar 2008 | 9:54 AM ET
    The Federal Reserve headquarters in Washington, DC.

    If investor Jim Rogers woke up as Ben Bernanke, he'd quit and close up the Federal Reserve for providing 'socialism for the rich,' he told CNBC Europe.

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