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Economy

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  • Fed Chairman Bernanke Talks Tough and Bluffs Monday, 26 Jul 2010 | 1:07 PM ET
    Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on his re-nomination to the position.

    "It's not a question of whether you have bullets, but that people think he has bullets," says one economist, referring to the famous scene in the Clint Eastwood cop drama, 'Dirty Harry.'

  • Things Looking Up For U.S. Airline Industry Sunday, 18 Jul 2010 | 6:07 PM ET

    After two dreadful years, including a $4 billion loss in 2009, 2010 will should solid profits, starting with second-quarter earnings due out next week.

  • A Market Forecast That Says ‘Take Cover’ Sunday, 4 Jul 2010 | 4:51 PM ET
    A concerned trader on the floor of the New York Stock Exchange.

    Robert Prechter is convinced that we have entered a market decline of staggering proportions, perhaps the biggest of the last 300 years, the NY Times reports.

  • Emotional Finish to Wall Street Reform Marathon Friday, 25 Jun 2010 | 7:51 AM ET

    At 5.06am lawmakers voted to name the financial reform bill after Barney Frank and Chris Dodd, the chairmen of the House financial services and Senate banking committees.

  • Trust Private Sector to Create Jobs: RNC Chairman Tuesday, 22 Jun 2010 | 3:04 PM ET

    Despite the recent financial crisis that brought the U.S. economy to its knees, Americans should trust the private sector, not the government, if they want a lasting jobs recovery, Michael Steele, Republican National Committee, told CNBC Tuesday.

  • Sen. Corker Unlikely to Back Financial Reform Bill Friday, 11 Jun 2010 | 9:25 AM ET
    U.S. Senator Bob Corker (R-TN)

    Republican Sen. Bob Corker tells CNBC that he's prepared to improve the sweeping reform bill but probably won't vote for it just the same.

  • Working Draft of Compromise Reform Bill Is Released Thursday, 10 Jun 2010 | 1:20 PM ET
    Columns and steps

    A draft version of the House-Senate compromise bill on financial reform contains 12 major sections and offers a broad idea of where legislators are headed.

  • Financial Reform Bill's Core Element Has Lots Of Critics Thursday, 10 Jun 2010 | 10:36 AM ET
    Columns and steps

    With Senate and House conferees set to begin drafting a compromise bill on sweeping financial reform, the proposed remedy for too-big-to fail firms appears to be far too little for more than a few legislators.

  • Small Business Job Engine Remains Stuck In Low Gear Friday, 4 Jun 2010 | 1:44 PM ET

    The startling slowdown in May job growth may not be as surprising as it seems. Small business—long the jobs engine of the economy—still faces big obstacles.

  • Fed Has New Set of Reasons To Stay the Course on Rates Thursday, 3 Jun 2010 | 1:01 PM ET

    Even if Friday's jobs report comes in as strong as forecast,  don't expect any change in Fed policy.  There's a new set of suspects: Europe, deflation, a housing double dip and the Gulf oil spill.

  • Congress Has Hands Full With FinReg Compromise Bill Thursday, 27 May 2010 | 4:43 PM ET
    House Financial Services Committee Chairman Rep Barney Frank and Senate Banking Committee Chairman Senator Chris Dodd.

    Though the Democratic leadership likes to emphasize the similarities between the House and Senate bills on sweeping financial reform, the upcoming conference to merge the two has the potential to be both fractious and divisive with a number of minefields to cross.

  • The chief regulator overseeing Fannie Mae and Freddie Mac will tell Congress later Wednesday that the mortgage giants have cut their risk exposure but will continue to sustain significant losses.

  • Four Ways to Start Fixing Fannie And Freddie Thursday, 13 May 2010 | 11:58 AM ET
    Mortgage Meltdown

    With major housing finance reform unlikely until 2011, little can be done to stop the massive losses at mortgage giants Fannie Mae and Freddie Mac, but these small fixes can't hurt.

  • Government Regulation

    “This is the really compelling issue for most Americans," says the head of a consumer group. " We just had our financial lives wrecked by the financial crisis and picked up the tab for it."

  • Simpson Speaks: Getting The Deficit Under Control Monday, 22 Feb 2010 | 4:33 PM ET
    Uncle Sam and money

    Simpson said, "A lot of blood hair and eyeballs have to lay on the floor before we finish. There's going to be anguishing. This is a suicide mission". It will come from all sides, the left and the right.

  • Central Banks May Face Race To Hike Interest Rates Tuesday, 26 Jan 2010 | 7:24 AM ET

    Monetary policy will be a hot topic at conference, where participants will no doubt be debating who first, how much and when.

  • Farrell: Pulling a Nelson Wednesday, 20 Jan 2010 | 8:49 AM ET

    Criticized from every angle imaginable for getting Nebraska out of paying for additional Medicaid in return for his (60th) vote to get the health reform bill through the Senate, Senator Nelson asked Senator Harry Reid of Nevada, the Majority Leader, to remove a special provision in the health care legislation that would have the Federal government pay all Nebraska's costs for the proposed extension.

  • “We haven't just gone through a business cycle, we've also gone through a major restructuring of the American economy," says a labor economist. “ This is an awful lot to adjust to.”

  • Charie Evans, President and CEO of the Federal Reserve Bank of Chicago

    The economy will continue to grow over the next few years, though unemployment will remain high and inflation tame, so there's "no urgent need" for the Federal Reverse to change its low-interest rate policy, Chicago Fed President Charles Evans told CNBC

  • Man of the Year? More Like Senate's New Whipping Boy Friday, 18 Dec 2009 | 12:49 PM ET
    Ben Bernanke

    “There's all this frustration about the bailout, the money, the Fed being asleep at the switch too long, so it's coming out as Bernanke bashing,” says one Washington observer.

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