'We've got to move to an economy that can produce more jobs. I think that means to be sustained over a period of time, we need to improve our export ability and capacity,' said White House economic adviser PAUL VOLCKER in an exclusive interview.   Read More

'Over the last year, the federal government has injected over $200 billion into approximately 600 financial institutions, and guaranteed over $300 billion of their troubled assets. Given the rapidly rising US budget deficit, what was the justification for such large bailouts, and what should be the rationale for bailouts in future financial crises?,' writes Pozen.   Read More

Was the point of the financial rescue that our banks should LOSE money? With all of the hand-wringing this week about reported profits at JP Morgan and Goldman Sachs, it seems some people would be happier if our banks had reported losses instead of impressive gains.    Read More

I was on the fence for a while as to whether Congress would extend the $8000 first time home buyer tax credit and whether the Administration would stand behind that, but I'm getting some clues that have pushed me over the side. I think it may happen.    Read More

'There's much more capital today than there was when we started, and you're seeing in cost of credit, availability of credit, really dramatic improvement in access to credit,' said Secretary of the Treasury TIMOTHY GEITHNER in an exclusive interview.   Read More

On Monday President Barack Obama will deliver a speech on Wall Street. What will he reveal?   Read More

This is how you thrive if President Obama goes back on a campaign promise.   Read More

Appearing yesterday in front of the Congressional Oversight Panel for TARP, U.S. Treasury Secretary Timothy Geithner said a strengthening economy means the government can end some of the extraordinary support I put in place for the markets and prepare for a slow recovery.    Read More

The US and China held their Strategic Economic Dialogue talks in Washington, DC this week. The biggest loser will be US manufacturers as the Obama administration has deemed the funding needs of the United States outweigh the needs of the companies competing against the Chinese in the global marketplace. In essence, the US is saying that their funding needs outweigh the needs of creating jobs for the American worker.    Read More

The conspiracy theorists are out in force today: lots of "I told you so!" going on today as traders point to a front page story in the WSJ which says that the Commodity Futures Trading Commission (CFTC) will issue a report blaming wild swings in oil prices on speculators.   Read More