U.S. Treasury Secretary Timothy Geithner said Thursday that no financial firm should be able to escape regulation, and the largest institutions need oversight from a single, strong regulator.

A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.

Treasury Secretary Tim Geithner, in testimony before the Joint Economic Committee Thursday, will argue that "recovery alone is not enough" and that Congress must pass comprehensive regulatory reform to ensure the strength and stability of the economy, according to an excerpt of the speech obtained by CNBC.

On Thursday, the Government Accountability Office (GAO) will issue its bimonthly report on the Recovery Act, and the focus will be squarely on jobs, addressing the accuracy criticisms, while offering recommendations on how to improve the system of reporting. The GAO has determined that the overall number of jobs created or saved is not valid.

A just-announced plan for General Motors to repay roughly $8 billion in debt to the United States and Canada would be re-evaluated in June, the Obama administration's top automotive official said.

The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group’s trading partners last year, according to a government report made public on Monday.

More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.

A top economic adviser to U.S. President Barack Obama warned on Friday that the urgency for changing the rules of the road for financial firms may be waning and urged Congress to act while the general public is focused on banking issues.

President Barack Obama has promised to broach the yuan's exchange rate when he visits China from Nov. 15-18, putting the spotlight on a controversial issue that has the potential to shake currency markets and diplomatic ties.

Stocks struggled Thursday as investors juggled a weak holiday outlook from Wal-Mart and a drop in jobless claims. Techs clawed higher, with huge gains in JDS Uniphase and AMD.

Stocks struggled Thursday as investors juggled a weak holiday outlook from Wal-Mart and a drop in jobless claims. Techs clawed higher, with huge gains in JDS Uniphase and AMD.

Stocks wobbled Thursday as investors juggled a weak holiday outlook from Wal-Mart and a drop in jobless claims. Techs clawed higher after some big news out of the sector.

U.S. futures remained slightly lower ahead of the open Thursday after Wal-Mart posted a 1.1 percent rise in third-quarter U.S. sales, compared to the same quarter last year, and U.S. mortgage applications pushed higher last week. 

The US government will likely borrow substantially less than initially anticipated as "significant repayments" from banks which received funds during the crisis are ahead, Treasury Secretary Timothy Geithner told CNBC Thursday.

The Dow rose for a sixth straight session Wednesday as the dollar hit a new 15-month low after Fed comments and strong Chinese economic data. Financial, material and IT stocks were the biggest gainers.