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Federal Budget (U.S.)

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  • Dollar Hits Record Low Against Euro After Fed Cut Tuesday, 18 Sep 2007 | 3:23 PM ET

    The dollar touched a record low versus the euro on Tuesday after the Federal Reserve cut the U.S. benchmark lending rate by half a percentage point, the first cut in four years, in a bid to boost the U.S. economy.

  • Federal Open Market Committee Statement Tuesday, 18 Sep 2007 | 2:22 PM ET

    The statement released by the FOMC after lowering rates.

  • Video Roundup: Waiting On The Fed Tuesday, 18 Sep 2007 | 10:49 AM ET

    Federal Reserve policymakers are meeting today in one of the most closely watched central bank conferences in years. The Fed is slated to release its rate-cut decision at 2:15pm ET. CNBC asked the experts what they expect the Fed to do -- and what impact it will have on the economy and markets.

  • Wholesale Prices Tumble On Lower Energy Costs Tuesday, 18 Sep 2007 | 10:05 AM ET
    Gas Pump

    The Labor Department said it was the largest fall in producer prices since a 1.5 percent dip in October 2006. 

  • Video Roundup: What Will the Fed Do? Monday, 17 Sep 2007 | 3:59 PM ET

    Fed policymakers meet Tuesday in one of the most closely watched central bank meetings in years. CNBC asked the experts what they expect the Fed to do and what impact it will have on the economy and markets.

  • Video Roundup: Greenspan Interviews, Analysis Monday, 17 Sep 2007 | 1:59 PM ET

    Alan Greenspan keeps making news, even after leaving the Federal Reserve chairman’s post. Last week, he released his memoirs, taking the Bush Administration to task; and he told CNBC the housing bubble was "unavoidable." Here is a sampling of our broadcast coverage, including an exclusive Greenspan interview with senior economics reporter Steve Liesman.

  • Greenspan: Fed Couldn't Stop Housing Bubble Monday, 17 Sep 2007 | 10:42 AM ET
    Former Federal Reserve Chairman Alan Greenspan

    Former Federal Reserve Chairman Alan Greenspan also says the chances of a recession have risen from January, when he said there was about a 33% chance.

  • Bonds Steady as Market Eyes Rate Cut Friday, 14 Sep 2007 | 5:41 PM ET

    U.S. Treasurys eased Friday after soft economic data supported expectations of a modest interest rate cut by the Fed next week but disappointed investors betting on an aggressive reduction.

  • Paulson: Turmoil to Persist But Economy Strong Friday, 14 Sep 2007 | 12:09 PM ET
    United States Treasury Secretary Henry Paulson

    Treasury Secretary Henry Paulson told CNBC Friday that it will take time to work through the problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed.

  • August Retail Sales Weak; Consumer Outlook Steady Friday, 14 Sep 2007 | 10:30 AM ET
    Cash Register

    Sales at U.S. retailers rose a smaller-than-expected 0.3% in August and recorded the biggest decline in almost a year when car sales are excluded. Meanwhile, consumer sentiment was steady in early September.

  • Special Series: The Secret of Her Success Friday, 14 Sep 2007 | 8:12 AM ET

    This week, NBC Nightly News will air a series of reports on issues important to women, including special business reports on Tuesday and Thursday.

  • Greenspan: I Didn't See Mortgage Meltdown Coming Thursday, 13 Sep 2007 | 1:35 PM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Former Federal Reserve Chairman Alan Greenspan said he was late to see the storm gathering around U.S. mortgage lending practices and commended his successor Ben Bernanke's handling of the crisis, saying he would likely be responding in a similar fashion.

  • What, Me Worry? Most Shrug Off Subprime Mess Thursday, 13 Sep 2007 | 1:02 PM ET

    Americans are relatively unconcerned about the subprime mortgage troubles, and they say President Bush is doing a better job, according to the latest NBC News/Wall Street Journal poll.

  • Bernanke to Testify Next Week On Mortgage Crunch Thursday, 13 Sep 2007 | 12:02 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)

    Federal Reserve Chairman Ben Bernanke is scheduled to testify before the House Financial Services Committee on Sept. 20, a spokesman for the panel said.

  • Jobless Claims Rose Less Than Expected Last Week Thursday, 13 Sep 2007 | 8:58 AM ET
    Unemployment Line

    The number of U.S. workers signing up for jobless benefits edged up a smaller-than-expected 4,000 in a holiday-shortened week, a government report showed on Thursday.

  • Fed Playing Middle Ground On Cutting Rates Wednesday, 12 Sep 2007 | 5:16 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)

    Whether by dumb luck or intelligent design, Federal Reserve officials appear to have squeezed their way out of a dangerous policy trap.

  • Trade Gap Narrows in July to $59.2 Billion Tuesday, 11 Sep 2007 | 9:48 AM ET

    The U.S. trade deficit narrowed slightly in July as exports continued to grow this year at a stronger pace than imports, even though both categories set records, a Commerce Department report showed on Tuesday.

  • Janet Yellen's Speech to the NABE Monday, 10 Sep 2007 | 11:10 AM ET

    The prepared text from Janet Yellen's speech to the National Association for Business Economics’ Annual Meeting in San Francisco, California

  • Video Roundup: What Investors Should Do Friday, 7 Sep 2007 | 5:38 PM ET

    CNBC talks to the the experts about what investors should do in this market.

  • Economic Outlook: The Week Ahead Friday, 7 Sep 2007 | 4:17 PM ET

    Investors will look in the coming week for any signs of calm returning to distressed money and credit markets and await a signal from Federal Reserve Chairman Ben Bernanke on whether an interest rate cut is imminent.