House Democrats are looking for ways to pay for new job-creating legislation, with Ann Lee, New York University; Phil Kerpen, Americans for Prosperity; and CNBC's Trish Regan.
It is "not quite time yet" to raise interest rates in the U.S., Charles Plosser, president of the Federal Reserve Bank of Philadelphia, told CNBC Thursday.
Designed to help low-income people afford to buy houses, the Federal Housing Administration's is now insuring houses for increasingly well-off buyers, says the New York Times.
The global economy is heading toward a sustained recovery but given the risks of another downturn it is too soon to withdraw stimulus, International Monetary Fund Deputy Managing Director John Lipsky said on Friday.
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.