The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.» Read More
Today marks the first 50 days into the Barack Obama presidency, which has had plenty of ups and downs.
President Barack Obama lifted restrictions on federal funding of human embryonic stem cell research Monday, angering abortion opponents but cheering those who believe the study could produce treatments for many diseases.
Democrats who control the U.S. Senate were unable on Thursday to round up the votes to end debate and pass a $410 billion bill to fund many government operations through Sept. 30, Senate Majority Leader Harry Reid said.
Debt-strapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under a controversial element of President Barack Obama's housing rescue plan.
The Obama administration Wednesday gave lenders the green light to begin modifying home mortgages under a new $75 billion program aimed primarily at people facing imminent financial hardship.
The U.S. stimulus package may pack a big punch in the current crisis because households and businesses struggling to get credit are more likely to spend the money, a top White House adviser said Tuesday.
President Barack Obama named Kansas Governor Kathleen Sebelius to lead his ambitious health reform effort on Monday, kicking off a week focused on revamping an inefficient healthcare system whose cost he fears is hurting the U.S. economy.
President Barack Obama Thursday released an outline of his budget for fiscal year 2010 that begins Oct.1.
With one of their own in the White House, Democrats in Congress are moving to give domestic government agencies 8 percent more money, on average, to spend this year atop the whopping $787 billion in economic stimulus funds.
float: left;display: inline; font-size:11px; font-face:Arial; border: 1px solid #CCC; line-height:12px; margin-right: 15px; width:100px;/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/maslansky_m_100.jpg110010000truehttp://msnbcmedia.msn.comfalse1Pfalsefalse left/CNBC/Components/Images/spacer.gif1108500lefttruehttp://icnbc.msnbc.msn.comfalsePfalsefalse Michael Maslansky CEO of Luntz, Maslansky Strategic ResearchIn an instant response session with registered voters we saw Strong partisan divides. The view from this group was not quite as gushy about the speech as most of the cable networks would suggest.
We are no longer a nation of idiots, or at least that's my takeaway from Obama's speech last night. It seems others agree.
Barreling ahead on a mammoth agenda, President Barack Obama is ready to offer a detailed sketch of the first year of his presidency, casting the nation's bleeding economy as a tangle of tough, neglected problems.
Keep track of what Obama has been doing since taking office:
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes, one of the root causes of the global financial meltdown.
The U.S. Congress was expected to pass a $789 billion economic stimulus package aimed at unleashing large spending and tax cuts to help yank the economy out of a 14-month recession.
US lawmakers prepared Thursday to pass a $789 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned may have costly consequences.
Banking leaders who benefited from a federal bailout are bringing a message of accommodation and gratitude to Congress, hoping for a better reception than the one given Treasury Secretary Timothy Geithner.
The Obama administration's financial-rescue plan contains a number of measures meant to ease the credit crunch, including a public-private initiative to take bad assets off of banks' balance sheets.
The Obama administration pushed back the announcement of a keenly awaited bank rescue plan until Tuesday as it pressed lawmakers to settle their differences over a huge economic stimulus package.