Do you know where your federal income-tax dollars go? The National Priorities Project, a non-profit organization, used data from the Office of Management and Budget to explain how each dollar is spent when it gets into Uncle Sam's hands. (Source: National Priorities Project: Where Do Your Tax Dollars Go 2008 Report.

Taxpayers will lose money in the $700 billion government rescue plan for the nation's banking system, Oppenheimer analyst Meredith Whitney said.

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."

Speedy Congress approval for a $700 billion plan to bail out the U.S. banking system is paramount to avoid a meltdown of the markets, analysts told CNBC on Wednesday.

Democratic presidential nominee Barack Obama said Tuesday a $700 billion Wall Street rescue plan would likely delay some campaign spending promises, as the reality sank in of the costs of the mammoth bailout.

Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it, reports the New York Times.

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Swiss bank UBS sought to reassure investors rattled by the collapse of U.S. investment bank Lehman Brothers on Monday, saying it had enough capital to face this and future market crises.

Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent. 

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 Barack Obama have begun recalibrating their strategies for the presidential campaign  in a contest recast by Mr. McCain’s unexpected selection of Gov. Sarah Palin of Alaska as his running mate, the NewYork Times reports.

The head of the European Central Bank should be running the Federal Reserve because he is doing a better job at protecting his economy, investor Jim Rogers, CEO of Rogers Holdings, told "Squawk Box Europe" on Friday.

Mention the words Swiss bank account and it can bring to mind corrupt politicians hiding vast sums of money, drug lords laundering ill gotten gains or filthy rich American citizens trying to avoid paying taxes.

National party conventions are known as much for their nonstop partying as they are for their politics — a time for lobbyists, politicians and corporate executives to gather at lavish receptions and elegant dinners.

Television networks are assigning reporters to a new beat this election year: people who don’t watch the evening news. With polls showing a surge in primary-season ballots cast by voters under 30, media outlets are out to convert the newly energized voters into viewers.