"We said from the very beginning that is was something which was potentially very important and that one should not underestimate the gravity of the situation... we were not pleasing a lot of interlocutors including the governments that had a tendency to say 'no it's not that important, it's not a big deal' and so forth and I would say that unfortunately experience has proved that our diagnosis was right," Jean Claude Trichet, outgoing head of the European Central Bank told CNBC in an interview.
Republicans and Democrats have to compromise if there is going to be deficit reduction, House Minority Leader Nancy Pelosi told CNBC Friday.
November 23 marks the deadline for the Super Committee to decide on a debt deal. Both sides have come up with their proposals, but cannot seem to move past partisan differences. CNBC's Maria Bartiromo speaks to Nancy Pelosi (D-CA) House Democratic leader regarding the situation on both sides.
CNBC's Eamon Javers reports that the House Energy & Commerce Committee is considering asking for a subpoena to get White House documents related to Solyndra. And the White House announces it's going to do a review of the DOE's loan portfolio.
President Obama's job council called small-cap companies "the key to job growth" earlier this month. Small-cap IPOs are at their lowest level since 1985. CNBC's John Harwood speaks to David Weild, Grant Thornton, about how to fix the problem.
The Economist is posting a contest by the Kauffman Foundation, which has asked top economic bloggers to describe their outlook through haiku.
Even if China would like to support the Eurozone, it cannot bail out risky crisis economies. There is a win-win solution, but that requires concessions on both sides.
Another European plan to fix its sovereign debt problem has initiated another sharp market rally. But will the enthusiasm over the latest rescue effort last longer than the optimism that greeted past plans, only to slowly fade away? The New York Times reports
The continuing economic downturn has drastically altered the internal migration habits of Americans, turning the flood of migrants into the Sun Belt and out of states like New York, Massachusetts and California into a relative trickle, an analysis of recent federal data confirms, the New York Times reports.
Discussing the dueling deficit plans coming from both sides of the Supercommittee, with Rep. David Dreier (R-CA).
The market whip, with Jon Najarian, OptionMonster.com; Jim Iurio, TJM Institutional Services; and Ken Heebner, Capital Growth Management. And Charles Dallara, former asst. Treasury Secretary who negotiated the Greek debt agreement, discusses what happened behind closed doors leading up to the deal.
I locate a great deal of the power of Occupy Wall Street in the name itself, Occupy Wall Street, or #OccupyWallStreet. It works because the name contains everything you need to know: the tactic and the target. The name is also modular.
The Super Committee is just weeks away from having to decide on a massive new budget plan. CNBC's John Harwood has the details on whether Europe's deal has put more pressure on Congress to follow suit.
U.S. stock markets may be surging on news of a deal on Europe's financial situation, but Art Cashin thinks there's more to come. "Everything looks great" right now, said the UBS Financial Services director of floor operations, but "I don’t think the game’s quite over yet."
“Buy Low. Sell High. And don’t get them confused!” There are few more important rules for investors. I’m struck once again by the faithful Pavlovian response of those who were hating stocks as they dipped briefly into Bear Market territory and now, after a 14% gain (in the S&P 500), are waving their bidding paddles and fanning their short-term gains.
The European debt crisis is worrisome but it is unlikely to pose a danger to major banks on the continent, Michael H. Tomalin, CEO of the National Bank of Abu Dhabi, told CNBC.
Finding out what happened to all the money involved has become one of the biggest financial mysteries of all time.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
When Americans of the 99% Tribe say they are occupying a place, what they are really claiming is not the real estate (though real estate, often of the soaking, underwater variety, may be at the heart of their collective cri de coeur.) What’s being occupied is not an external place – or not just – but an internal one.
As markets have been rebounding on euro hopes, the eurozone leaders have been debating a plan that should satisfy the financial markets. The hope is futile. A comprehensive plan does not exist. The eurozone crisis will get worse before it will get better.