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Federal Budget (U.S.)

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  • Trading Shots On Trade Wednesday, 10 Oct 2007 | 9:44 AM ET

    Trade policy emerged as the hot-button issue among the nine Republican presidential hopefuls squaring off on Tuesday, but taxes, economic growth and the health of the American middle class also got their fair share of attention in the debate.

  • Fed Was United in Cutting Interest Rates Last Month Tuesday, 9 Oct 2007 | 3:03 PM ET

    All of the Fed's policy-setting committee agreed that a half-point cut in rates was needed to shield the economy from credit disruptions and the housing slowdown, minutes of the Sept. 18 meeting showed.

  • US Subprime Crisis Will Not Peak Until 2009: S&P Tuesday, 9 Oct 2007 | 6:44 AM ET

    The U.S. subprime housing crisis will not peak until 2009 and total defaults could reach $150 billion, Standard and Poor's said.

  • Dollar Climbs as Investors Reassess Risk Monday, 8 Oct 2007 | 4:44 PM ET
    Dollar and Euro

    The dollar gained in quiet trade Monday against most major currencies as investors reassessed risk and bet that Friday's sell-off on a U.S. payrolls report was overdone.

  • Greenspan Says U.S. Economic Growth Is Slowing Sunday, 7 Oct 2007 | 11:55 AM ET

    Former Federal Reserve Chairman Alan Greenspan said Sunday that the rate of U.S. economic growth was slowing, but the odds of a recession are less than 50%.

  • U.S. Budget Deficit Narrows in Fiscal Year 2007 Sunday, 7 Oct 2007 | 11:15 AM ET

    The U.S. federal budget deficit fell to $161 billion in fiscal 2007 from $248 billion the prior year as growth in tax receipts, fueled by capital gains and other non-withheld income, outstripped spending growth, the Congressional Budget Office said on Friday.

  • Dollar Falls After Brief Jobs Data Euphoria Friday, 5 Oct 2007 | 4:07 PM ET

    The dollar weakened Friday, after dealers decided a relatively solid U.S. employment report was not enough to move the U.S. economy off a slowing path and keep the Federal Reserve from possibly cutting interest rates.

  • Jobs Report Misses Growing Number of Contractors Friday, 5 Oct 2007 | 12:54 PM ET

    The Labor Department's jobs number tracks people in the work force, but it doesn't account for millions of workers classified as independent contractors. Now, a battle is brewing over whether contractors like Gupertino Magana are getting a fair deal.

  • Text: Donald Kohn's Speech Friday, 5 Oct 2007 | 10:58 AM ET

    The prepared speech given by Federal Reserve Vice Chairman Donald Kohn on the economic outlook. The speech took place in Philadelphia on October 5, 2007.

  • Dollar Falls vs. Euro on Glum U.S. Factory Data Thursday, 4 Oct 2007 | 1:42 PM ET
    Dollar and Euro

    The euro headed higher against the U.S. dollar Thursday, after orders to U.S. factories fell by their biggest amount in seven months and the European Central Bank agreed to keep interest rates steady at 4 percent.

  • Jobs Expected to Grow, But So Will Recession Debate Thursday, 4 Oct 2007 | 12:09 PM ET

    Friday's U.S. employment report is expected to show sizable job growth for September, emboldening investors. But that won't end the debate about a possible recession.

  • Where Is the Dow Headed Next: 13K or 15K? Thursday, 4 Oct 2007 | 11:14 AM ET

    With the Dow Jones Industrial Average hovering around 14,000, the question is where the blue-chip heads next: 13,000 or 15,000?

  • Dollar Rises as Investors Position for Jobs Report Wednesday, 3 Oct 2007 | 3:00 PM ET
    Dollar and Euro

    The dollar rose to a 1-month high against the yen on Wednesday, after a report on the U.S. services sector in September reflected growth in employment, boding well for Friday's non-farm payrolls data.

  • Private Sector Adds 58,000 Jobs; Layoffs Slow Wednesday, 3 Oct 2007 | 8:53 AM ET
    Unemployment Line

    The U.S. private sector increased hiring at a moderate pace for a third straigth month in September, according to the ADP employment report released Wednesday.

  • Dollar Rises on Profit Taking Before Jobs Data Tuesday, 2 Oct 2007 | 11:26 AM ET
    Dollars and Euro

    The dollar rose Tuesday from record lows hit during the prior session as investors trimmed overstretched bets against the U.S. currency ahead of key economic data later this week.

  • Dollar Edges Higher, Focus on U.S. Economic Data Monday, 1 Oct 2007 | 12:12 PM ET
    Hundred Dollar

    The dollar rose slightly from record lows against the euro Monday as investors cashed out bets against the U.S. currency ahead of a fresh batch of economic data and central bank meetings this week.

  • Dollar Hits Another Low as Rate Cut Expected Friday, 28 Sep 2007 | 4:55 PM ET
    Hundred Dollar

    The dollar hit another new low Friday, as U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates again.

  • Recession Worries Grow, But Signals Are Mixed Friday, 28 Sep 2007 | 1:57 PM ET
    Unemployment Line

    Recession talk is heating up as the slumping U.S. housing market threatens to shackle free-spending consumers, yet stocks remain near record highs, indicating that many investors see little cause for alarm.

  • Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday that market turmoil could hit the U.S. economy and that a moderation in inflation gave the Fed room to cut interest rates last week.

  • Congress Sends Bill to Avert Government Shutdown Friday, 28 Sep 2007 | 4:24 AM ET

    The U.S. Senate Thursday passed and sent to President Bush a temporary spending measure to keep the federal government running through Nov. 16, giving Democrats and Republicans time to work out budget disagreements.