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Federal Budget (U.S.)

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  • Dollar Falls to Fresh Low Ahead of Fed Meeting Friday, 26 Oct 2007 | 4:49 PM ET
    Dollar and Euro

    The dollar slipped to record lows against the euro and a basket of currencies Friday as investors, faced with a run of weak U.S. economic data, anticipate a Federal Reserve interest rate cut next week.

  • Fed's Evans Says US Economy Is "Moving Forward" Monday, 22 Oct 2007 | 8:22 PM ET

    Chicago Federal Reserve Bank President Charles Evans said on Monday that outside of housing the U.S. economy is "moving forward," and that the Fed could not afford to go soft on inflation.

  • Gloom & Doom Economist Says Worst Is Yet to Come Monday, 22 Oct 2007 | 2:51 PM ET

    Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, thinks the worst is yet to come for the global economy. Appearing on CNBC's "Squawk Box," the economist and managing director of Marc Faber Ltd., explained his bearish outlook -- and offered advice for how to play a glum market.

  • Dollar Rallies from Session Lows, Yen Gains Monday, 22 Oct 2007 | 11:23 AM ET

    The dollar rebounded from a fresh low on Monday after as traders pared back bets against the currency after the weekend's Group of Seven meeting yielded no call to action on the falling greenback.

  • Dollar Sinks Further on Economic Worries Friday, 19 Oct 2007 | 5:52 PM ET

    The dollar hit a fresh record low against the euro and a basket of currencies on Friday, pressured by the growing view that a slowdown in the U.S. economy will force another cut in interest rates this month.

  • Bernanke: Uncertainty 'Pervasive' for Fed Policymakers Friday, 19 Oct 2007 | 10:43 AM ET

    Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.

  • Fed's Hoenig Says 'Wait and See' on Interest Rates Thursday, 18 Oct 2007 | 12:27 PM ET

    Federal Reserve policy maker Thomas Hoenig said on Wednesday he was open minded about the future direction of U.S. interest rates but was on alert for fallout from financial market woes.

  • Dollar Drops to New Low vs. Euro, Yen, Pound Thursday, 18 Oct 2007 | 11:50 AM ET

    The dollar dropped to a record low against a basket of currencies and the euro Thursday, after Bank of America's third-quarter earnings results missed estimates, renewing concerns of a U.S. economic slowdown.

  • Dollar Slips vs. Yen, Euro on Glum Housing Starts Wednesday, 17 Oct 2007 | 3:18 PM ET

    The dollar fell broadly Wednesday after a report showed housing starts dropped to their lowest level in 14 years in September, adding to concerns that the housing market may drag on the US economy.

  • Beige Book: Full Text Wednesday, 17 Oct 2007 | 2:23 PM ET

    The summary of the Beige Book released by the Federal Reserve prepared at the Federal Reserve Bank of Dallas and based on information collected on or before October 5, 2007.

  • Dollar Gains Against Euro, Other Currencies Tuesday, 16 Oct 2007 | 2:40 PM ET

    The dollar rose against the euro and high-yielding currencies such as the New Zealand dollar Tuesday, as investors grew cautious of risky trades amid a sell-off in global equities and a surge in oil prices.

  • Bernanke Spooks Investors With Market Outlook Tuesday, 16 Oct 2007 | 1:51 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)

    Federal Reserve Chairman Ben Bernanke spooked investors by saying a full recovery in financial markets may not happen right away.

  • Foreigners Dumped U.S. Assets in August Tuesday, 16 Oct 2007 | 12:24 PM ET

    Foreign investors fled from U.S. assets in August as a meltdown in the U.S. subprime mortgage market triggered a global credit crunch, Treasury Department data showed on Tuesday.

  • Paulson: Housing Remains Drag on Economy, Markets Tuesday, 16 Oct 2007 | 11:59 AM ET
    Treasury Secretary, Henry Paulson

    Treasury Secretary Henry Paulson warned that the  housing correction would continue to hurt the economy and financial markets and called for assistance for homeowners.

  • Ben Bernanke's Speech Tuesday, 16 Oct 2007 | 9:36 AM ET

    The text to a speech given by Federal Reserve Chairman Ben Bernanke on "The Recent Financial Turmoil and its Economic and Policy Consequences" on October 15, 2007 in New York City.

  • Dollar Slides, Hurt by US Stock Market Losses Monday, 15 Oct 2007 | 3:42 PM ET

    The yen hit its lowest levels in around two months against both the dollar and euro on Monday, as risk-seeking investors took advantage of cheap Japanese borrowing costs to fund purchases of high-return assets.

  • Consumer Sentiment Edges Lower in October Friday, 12 Oct 2007 | 10:35 AM ET

    U.S. consumer sentiment fell slightly in early October to its lowest in more than a year as uncertainty grew about the extent of the housing slump, a survey released Friday showed.

  • Bush Says He Believes in Strong Dollar Policy Friday, 12 Oct 2007 | 1:56 AM ET

    President Bush said in an interview with the Wall Street Journal Thursday that he believes in a "strong dollar policy" and that a trade war with China is not in the US interest.

  • Fed Comments Suggest Rate Cut Far From Certain Wednesday, 10 Oct 2007 | 11:21 AM ET

    Federal Reserve officials Tuesday said the U.S. economic outlook is unclear, but credit market strains that led the central bank to cut interest rates sharply last month are easing, suggesting a follow-up rate cut is not a done deal.