Marc Faber, editor and publisher of the Gloom, Boom and Doom Report, thinks deficit spending is the wrong way for governments to go and that they should be fired. Martin Sorrell, CEO of WPP, disagrees. CNBC's Martin Soong joins the debate.

Talks on CIT financing have transitioned primarily to a debtor-in-possession loan. CNBC's David Faber has the details.

RGE Monitor's Nouriel Roubini says the worst is behind us in terms of economic and financial conditions. CNBC's Steve Liesman has the details.

Former Treasury Secretary Henry Paulson stands by his actions in the Bank of America/Merrill Lynch deal.

JPMorgan Chase CFO Michael Cavanagh discusses the company's latest earnings and outlook.

Hedge funds are heading to Capitol Hill today, with James Chanos, Coalition of Private Investment and CNBC's Erin Burnett.

Bernard Madoff arrived at a federal prison in Butner, N.C. CNBC's Scott Cohn has the details.

Meredith Whitney, founder and CEO of the Meredith Whitney Advisory Group, shares her insight on the financial sector.

Top line spending has gotten worse in the second quarter says Martin Sorrell, CEO of WPP. He tells CNBC's Martin Soong that there's been no signs of green shoots whatsoever.

The return of IPOs into the Chinese markets has been limited to smaller firms to date, but the real test will be markets' response to mega IPOs, says Louis Wong, head of research at Phillip Securities, speaking to CNBC's Amanda Drury.