Congress Political Leaders

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  • Pres. Obama Remarks on EU Debt Crisis

    President Obama says the European financial crisis is of "huge importance to our economy." If Europe is having difficulties, it's much more difficult for America to generate good jobs at home, he adds.

  • Barney Frank Calls it Quits

    Rep. Barney Frank won't run for re-election in 2012. CNBC's Eamon Javers and Manu Raju, Politico, discuss.

  • Bank of France governor Christian Noyer leaves the Elysee Palace after a meeting with French President Nicolas Sarkozy about the financial crisis.

    Market chatter about a European recession is increasing but Christian Noyer, governor of the Bank of France, told CNBC on Monday that despite an expected weak fourth quarter, the French and Italian economies are not as bad as it seems.

  • EU building flags brussels

    After a week that saw stocks fall heavily and euro zone borrowing costs rise sharply, a report in the Italian press highlighted just how eager for some kind of action the market is.

  • eu building brussels

    Guess where we'll be getting our cues from this week. From the bond markets and the politicians! Tadaaa! Fantastic! So something new to look for then! Unfortunately...not the case. Glancing at the agenda, the most important political event to be aware of is the Euro group meeting of Finance Ministers on Tuesday.

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    The funding hole for European banks is deepening following a sharp fall in bond issuance this year as market turmoil leads to a region-wide credit crunch, the Financial Times reports.

  • E.U.

    More and more analysts looking at the euro zone predict that another recession is inevitable, as banking sector tensions combined with political wrangling over the debt crisis will depress consumer confidence further.

  • European Central Bank

    The euro zone's "garlic belt" states (Greece, Italy, Portugal and Spain) will have to endure deflation to catch up in competitiveness with the other, "butter belt" members, according to a report by research firm Smithers & Co.

  • German Chancellor Angela Merkel and France's President Nicolas Sarkozy speak at a meeting on debt crisis.

    The euro zone's formidable couple—Merkozy, as the media calls German Chancellor Angela Merkel and French President Nicolas Sarkozy—were on the brink of divorce more than once.

  • BOE_buses_200.jpg

    There is clearly a risk that the UK will head into recession in the final quarter of the year, the Bank of England's Monetary Policy Committee member Ben Broadbent told CNBC Thursday.

  • Reichstag Parliment building, Berlin, Germany

    German Bunds extended losses on Thursday one day after a disappointing bond sale sparked fears the debt crisis was taking a toll on the euro zone's power house, but cheaper bond prices could lure investors back into the perceived safe-haven asset.

  • US Capitol Building

    For all the supercharged attention leading up to the non-report from the congressional supercommittee on deficit reduction, it's hard to come to any other conclusion that — for now, at least — no one really cares.

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    It’s easier to celebrate Thanksgiving in Washington, DC - not only are we surrounded by the symbols of liberty and democracy, but the politicians all leave for home. Peace and dignity settle on our stunning parks and monuments, and residents are reminded that this is a magnificent place.

  • EFSF Lacks Conviction, Scale

    The euro zone has weapons to tackle the current debt situation, but will need to activate the EFSF with more conviction and larger scale for it to be effective, Sir John Gieve, former deputy governor of the Bank of England, told CNBC.

  • ireland_flag_2_200.jpg

    The euro zone will end up issuing joint Euro Bonds, which would help support weaker members, Irish Finance Minister Michael Noonan told CNBC Wednesday.

  • EU building flags brussels

    Brussels will on Wednesday propose measures giving it more authority over the national budgets of euro zone states, including a requirement to submit tax and spending plans to European Union authorities before their national parliaments.  The FT reports.

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    The not so supercommittee's failure weighs, but the euro catches an updraft - it's time for your FX Fix.

  • EU building flags brussels

    Following the daily swings of the euro zone debt crisis, it can be difficult to focus on the long-term, bigger picture.

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    The deficit-reduction super committee failed to go big or even small. But it did succeed in conducting virtually all of its negotiations in private.

  • capitol_building_2_200.jpg

    The U.S. needs a massive restructuring, but thus far the restructuring process has failed. It’s time for our political leaders to stop playing games and focus on the task at hand – restructuring the U.S.