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
As we watch the TARP support unravel in an ugly way on Capitol Hill, the situation is closely resembling the core structure of every successful television show from "House" to "Baywatch." Let's run through this 4 act comedy/drama.
With just hours to go, Americans waited for word on whether John McCain would show up for Friday's scheduled debate against Barack Obama, a widely anticipated showdown that has been cast in doubt by U.S. financial chaos and extraordinary political maneuvering.
Not surprisingly, Americans are still down on the economy, according to the latest CNBC survey, with 93 percent of respondents describing it as poor or fair. But, in light of the Wall Street problems on the front page, there are signs that sentiment has bottomed. Nowhere is that more apparent than the huge jump in expectations that the economy will get on track in the next year.
The economic crisis and raw politics threatened to derail the first presidential debate as John McCain challenged Barack Obama to delay the Friday forum and join forces to help Washington fix the financial mess. Obama rebuffed his GOP rival, saying the next president needs to "deal with more than one thing at once."
It's clear now that the bill will have clauses restricting executive compensation, partial ownership of some of the companies where there is significant purchasing of securities, and some kind of mortgage mitigation.
Republican presidential candidate John McCain on Tuesday called for a high-level commission to study the current economic crisis and claimed that a corrupt and excessive Wall Street had betrayed American workers.
For the past year the ongoing crisis in the housing and credit markets has set a gloomy backdrop for the 2008 presidential race, fueling voters' anxieties about the economy and desire for change.
An independent watchdog group says that Republican John McCain's campaign violated a pledge not to air any negative TV ads on the anniversary of the Sept. 11 terrorist attacks.
Then there’s this lead story in the Wall Street Journal: “Palin Lifts McCain’s Support.” A WSJ/NBC poll now has the presidential race even, and it’s the Palin effect that explains the shift.
Well-done column over at The New Republic: When Senator John McCain selected Sarah Palin as his running mate two Fridays ago, the first-term governor and would-be vice president was a complete stranger to the vast majority of Americans.
As job losses in the United States have leaped, a second economic stimulus package has become “warranted and necessary,” House Majority Leader Rep. Steny Hoyer (D-Md.) told CNBC Monday.
John McCain and Sarah Palin criticized Democrat Barack Obama over the amount of money he has requested for his home state of Illinois, even though Alaska under Palin's leadership has asked Washington for 10 times more money per citizen for pet projects.
John McCain becomes the official Republican presidential nominee while strategists tell investors to take advantage of the gloomy economy by buying the market. Following are today's top videos:
A bad jobs number on Friday could provoke more worries about the economy, and give the Democrats more ammunition against the GOP.
Republican John McCain cast himself as an independent-minded reformer on Thursday and said he had the scars to prove it in a speech that promised Americans "change is coming" if they elect him on Nov. 4.
"There is no bull market!" declares Bill Gross while GOP vice-presidential nominee Sarah Palin's powerful speech at the Republican National Convention on Wednesday night impresses Republicans and many swing voters. Following are today's top videos:
On CNBC last night Jack Welch, GE’s CEO from that firm’s salad days in the ’80s and ’90s, pointed out the dangers of a three-house Democratic sweep. He says it’s dangerous for both the stock market and the economy.
A brilliant speech, brilliantly delivered. So many good lines. Sarah Palin shows us all that she is a superb communicator, which of course is so essential to a successful politician. Obviously, I think of Reagan.
Sarah Palin touted her small-town roots and lashed out at Democrat Barack Obama during a highly anticipated speech to the Republican convention on Wednesday, ridiculing her critics as out-of-touch elitists who do not understand everyday life in America.
Senator Hillary Rodham Clinton defeated Senator Barack Obama in the Ohio and Texas primaries on Tuesday, ending a string of defeats and allowing her to soldier on in a Democratic presidential nomination race that now seems unlikely to end any time soon.