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Congress Political Leaders


  • Peter Diamond

    Peter Diamond, a Nobel Prize-winning labor economist took the Republicans to task in a New York Times editorial for holding up his nomination to the Board of Governors of the Federal Reserve System arguing that his decades of research on unemployment was “crucial to conducting monetary policy”.

  • Here's the latest from my friend and frequent Kudlow Report guest Dan Mitchell.

  • Dollar Rise Will Spell Trouble for Gold: Analysts Tuesday, 7 Jun 2011 | 5:03 AM ET
    Cash and gold

    The long term price of gold could come under pressure from a rallying dollar as the risk from the sovereign debt crisis subsides, Barclays Capital analysts said on Tuesday.

  • 'Poster Child of Entitlement' Must Change: Economist Tuesday, 7 Jun 2011 | 4:44 AM ET
    lisbon portugal

    A new government is in place in Portugal, tasked with tackling the problems facing one of the sick men of Europe. Unfortunately, new faces in government do not in any way change the problems being faced by a country, according to one analyst.

  • Double-Dip Unlikely so Buy Stocks: Economist Tuesday, 7 Jun 2011 | 3:53 AM ET
    Fed Chief Ben Bernanke Testifies to House Budget Committee

    Despite weak economic data a double dip recession is unlikely and investors should favor stocks over bonds, according to Chris Watling, the CEO of Longview Economics in London.

  • Think 'the Germans' Won't Pay? Think Again: Wadhwa Tuesday, 7 Jun 2011 | 3:36 AM ET
    Euro coins

    German banks, Spanish farmers, Greek debt - what should Germany finance next? Answer: None of the above. End of discourse, writes CNBC's Silvia Wadhwa.

  • ECB Firefight Leaves It Exposed to Greek Shock Tuesday, 7 Jun 2011 | 12:15 AM ET
    European Central Bank

    As euro zone politicians scramble to bring Greek public finances back under control, the question of how much the European Central Bank will lose if they fail to avert a default has taken on greater importance, reported the FT.

  • Economists: Are 50 Worth More Than 1? Monday, 6 Jun 2011 | 6:39 AM ET

    At the world economic forum in 2009 one leading economist told me he was perplexed. Why would an economist be perplexed as the world economy teetered on the brink you ask? Well it had nothing to do with the state of the global economy and everything to do with supply and demand.

  • gold_oil.jpg

    Commodities will weaken in the short term as the Chinese economy starts to slow, but prices could once again move higher from this fall boosted by power constraints in China, Jim Lennon, head of commodities research at Macquarie Bank told CNBC on Monday.

  • Job seekers wait in line to have their résumés reviewed at the second annual Anaheim/Orange County Job Fair.

    The market had been expecting Friday’s US jobs data to be weak but the scale of the drop in employment growth in May still took many by surprise.

  • european_union_crack2_200.jpg

    Europe has not yet had its financial crisis while America is still recovering from its crisis in 2008 according to Jim McCaughan, the CEO of Principal Global Investors.

  • Portugal's New Government Faces Daunting Task Monday, 6 Jun 2011 | 2:03 AM ET

    Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.

  • Top Tories Reject Clamour for Plan B Monday, 6 Jun 2011 | 12:22 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    There is no need for a “plan B” for the economy even if conditions change, senior Conservatives insisted on Sunday as Ed Balls renewed his attack on the government’s “reckless” deficit reduction program, reported the FT.

  • Obama’s Jobs Recession Friday, 3 Jun 2011 | 6:08 PM ET
    President Barack Obama makes a statement on his birth certificate at the White House in Washington, DC, on April 27, 2011.

    Political advantage can be fleeting. A couple of months ago, during the winter quarter, job gains looked to be picking up, unemployment was easing lower, and President Obama’s reelection hopes looked more secure. But things sure have changed

  • capitol_buidling_1_200.jpg

    Imagine that you are sitting in your house, watching flood waters rise, fearing that your house could be washed away and the government walks in and says, “here’s our plan to save your house - we are going to add more water to the flood.” After realizing this was not a joke, you would run, not walk, to find higher ground and kiss your house goodbye.

  • Grand Jury Indicts John Edwards Friday, 3 Jun 2011 | 11:25 AM ET
    Grand Jury Indicts John Edwards

    A Federal grand jury has now indicted the former Democratic presidential candidate on criminal charges for break campaign finance laws to cover up an an extra-marital affair, reports CNBC's Hampton Pearson.

  • Portugal Votes, Faces Resistance to Freer Labor Friday, 3 Jun 2011 | 7:30 AM ET
    Portuguese Prime Minister Jose Socrates speaks during a press conference at Sao Bento Palace in Lisbon. Socrates warned his political opponents not to provoke a political crisis over planned austerity measures to solve the country's debt crisis.

    Portugal goes to the polls on Sunday looking to elect a government that will lead them through an austerity package mandated by the European Union and International Monetary fund; but whoever wins will need to defy the electorate and introduce unpopular policies.

  • Bond Vigilantes Wrong on US Debt: Economist Friday, 3 Jun 2011 | 2:05 AM ET
    The Federal Reserve headquarters in Washington, DC.

    Investors like PIMCO’s Bill Gross predict the rally in Treasurys will have to come to an end sooner rather than later, but one economist predicts the yield on the 10 year bond will hit 2.5 percent.

  • Bailiffs From Brussels Not Welcome in Athens: Analyst Thursday, 2 Jun 2011 | 8:32 AM ET

    The Greek people's reaction to the implemented austerity measures should not be ignored, warned Alastair Newton, managing director and senior political analyst at Nomura.

  • Washington, Beijing to Block Money Printing Thursday, 2 Jun 2011 | 4:05 AM ET
    Ben Bernanke

    The economic data in the US is heading south and investors are beginning to question whether the Federal Reserve will extend its asset-buying program beyond the end of the month.