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Congress Political Leaders

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  • Specter of Second Recession Looms in West Monday, 15 Aug 2011 | 9:21 AM ET

    After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.

  • Low Rates May Do Little to Entice Nervous Consumers Monday, 15 Aug 2011 | 8:47 AM ET
    broke

    The Federal Reserve’s announcement  that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow. But many economists say it will take more than low interest rates to persuade consumers, a crucial driver of the nation’s economy, to take on more debt, the New York Times reports.

  • US Crisis Worse than 2008 Monday, 15 Aug 2011 | 5:00 AM ET
    US Crisis Worse than 2008

    "2008 was more of a crisis of liquidity. This time is much more structurally worse, because we do not have much in the way of ammunition at the Fed," JJ Burns, president of JJ Burns and Co, told CNBC.

  • Investors pass by an electric board showing the figure of Nikkei stock average in Tokyo, Japan.

    The post-tsunami recovery of the Japanese economy is being hampered by the strong yen and the country needs a more concerted effort to get nuclear power stations up and running again, analysts told CNBC Monday.

  • President Obama plans to leave next week for vacation on Martha's Vineyard.  With all that is going on in the country and around the world, should he cancel his trip? Vote now.

  • Commentary: Bailout Upon Bailout, Blah Blah Blah Friday, 12 Aug 2011 | 7:44 AM ET
    British-born actor Elizabeth Taylor in costume as the Egyptian queen Cleopatra, for the film, 'Cleopatra,' directed by Joseph Mankiewicz, 1963.

    It’s all getting a bit Elizabeth Taylor and Richard Burton in the euro zone recently. The European Union seems to think that if it’s worth doing in the first place, its worth fighting for

  • French Economy Stagnates in Second Quarter Friday, 12 Aug 2011 | 2:59 AM ET
    france_flag_200.jpg

    French economic growth ground to a halt in the second quarter of 2011, raising pressure on President Nicolas Sarkozy to cut spending and abolish tax breaks ahead of elections as he tries to convince nervous financial markets that he will deliver on debt reduction targets.

  • France, Italy to Ban Short-Selling Thursday Night: Source Thursday, 11 Aug 2011 | 11:11 AM ET
    money_dice_gamble_200.jpg

    Senior government sources tell Class CNBC, CNBC’s Italian partner, that a short-selling ban will be imposed in France and Italy after Thursday's market close.

  • Financial Turmoil Evokes Comparison to 2008 Crisis Thursday, 11 Aug 2011 | 10:44 AM ET
    Financial Crisis

    It feels eerily familiar: Stocks are plummeting. The economy is slowing. Politicians are scrambling to find solutions but are mired in disagreement, the New York Times reports.

  • Here’s the first super-committee interview with newly appointed member Sen. Pat Toomey.

  • Cramer Sounds Off: Get Off the Beach! Thursday, 11 Aug 2011 | 9:13 AM ET
    Cramer Sounds Off: Get Off the Beach!

    Mad Money host Jim Cramer sounds off on Wall Street's financial crisis, complaining while he has to cancel his vacation plans, political leaders are sitting on the beach.

  • Tough Questions Rise From Ashes of England's Riots Thursday, 11 Aug 2011 | 6:29 AM ET
    LONDON, ENGLAND - AUGUST 08: A rioter throws a rock at riot police in Clarence Road in Hackney on August 8, 2011 in London, England. Pockets of rioting and looting continues to take place in various boroughs of London this evening, as well as in Birmingham, prompted by the initial rioting in Tottenham and then in Brixton on Sunday night. It has been announced that the Prime Minister David Cameron and his family are due to return home from their summer holiday in Tuscany, Italy to respond to the

    Police appear to have brought under control the rioting and looting that gripped the UK on the fifth night since violence flared up in the North London borough of Tottenham on Saturday and spread like fire across the country, but politicians and society at large are struggling to grasp the economic and social root causes of the unrest.

  • Sarkozy Gives Ministers One Week Debt Deadline Thursday, 11 Aug 2011 | 12:48 AM ET
    France

    Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France's crippling debt burden as concerns mount over prospects for growth and the country's ability to meet its deficit reduction targets. reported the FT.

  • investor_worried.jpg

    The past week's market drops and swings are dizzying. Everyday people are commenting that it is scarier than 2008. Now, that probably isn't true because no one is anticipating the inability to take money out of ATMs or the commercial paper market shutting down. Yet, there is something unnerving about the market declines, the uncertainty surrounding the economy and the lack of confidence in political leaders.

  • Global Banking Crisis Fears Lurch to the Foreground Wednesday, 10 Aug 2011 | 3:16 PM ET
    bank_columns_200.jpg

    Analysts point out that U.S. banks have become much better capitalized than they were during the financial crisis of 2008. But shares of US major banks continue to move sharply lower.

  • recession.jpg

    We had a flash crash. Then we had a flash rally. Now we're flashing again to the downside. I think we should all go away for a few days and give it a rest.

  • UK Businesses Tally Up the Steep Costs of Riots Wednesday, 10 Aug 2011 | 7:15 AM ET
    A riot police officer attempts to break down the door of a house next to a burning car as he is targeted by rioters after local residents claimed a baby was still in the property in Clarence Road in Hackney in London, England.

    The insured costs of the riots that have rocked the United Kingdom for four days look set to exceed 100 million pounds ($163 million), according to early estimates from the Association of British Insurers (ABI).

  • Goldman Sachs Sees Fed Resuming Easing Wednesday, 10 Aug 2011 | 6:04 AM ET
    The Federal Reserve headquarters in Washington, DC.

    Goldman Sachs on Wednesday reviewed its position on further monetary stimulus, saying that further quantitative easing had a greater than ever chance of being implemented in the United States.

  • Police Battle Rioters in Northern UK Cities; London Quiet Wednesday, 10 Aug 2011 | 4:04 AM ET
    An aerial view of the Sony distribution center engulfed in fire on the 9th August, 2011 in London. Widespread looting, arson and clashes with police continued for a third day in parts of the capital, as well as in Liverpool, Birmingham and Bristol, as the disruption carries into a fourth night.

    London's streets were quiet Tuesday night after three nights of rioting, but police battled with looters in several other UK cities, including Manchester, Liverpool, Nottingham and Birmingham as the country's violent unrest continued for a fourth night.

  • If Fed Is Out of Bullets, Are Tax Cuts Only Option? Wednesday, 10 Aug 2011 | 3:55 AM ET
    Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade in Chicago, Illinois, U.S.

    The US Federal Reserve managed to spark a stock rally on Tuesday, but some economists are now left wondering if it will take tax cuts to inject real life into the broader US economy.