Congress Political Leaders

More

  • downgrading_us_credit_rating_200.jpg

    Why isn’t the price of U.S. Treasurys falling after the S&P downgrade; why are equities under pressure; and why is gold surging? Developments in Treasurys appear, at first sight, the most puzzling.

  • Speaker of the House Nancy Pelosi (D-CA) speaks during her weekly news conference at the US Capitol in Washington, DC.

    I hate to say it, but Nancy was right! I try to be apolitical. I think I succeed most of the time. Trashing both parties more or less equally allows me to stay balanced. So in that continuing effort to stay bland and uninteresting, I have to give mention to Nancy Pelosi who said a few weeks ago it might take a decline of hundreds of points in the market to get the Republicans attention.

  • Obama Addresses S&P Downgrade

    President Obama speaks out on the downgrade of U.S. debt, saying our problems do not stem from a lack of confidence in our credit, but rather our challenge is to control our deficits over the long term.

  • capitol_building_sp_200.jpg

    This financial situation is no joke, but when times get tough, Americans cope by cracking wise.

  • 100_bills_stacked_up_200.jpg

    The markets around the world are rattled silly this morning by the first ever downgrade of the U.S. Government’s debt by Standard & Poors.  That is understandable but not, in my mind, rational.

  • investor_worried.jpg

    In the U.S., is it the fall of the Roman Empire or will our anemic growth pick up steam and help us out of the economic doldrums? Here are five questions to ask.

  • NYSE_trader_worried6_200.jpg

    One of the first things investors learn after “buy low and sell high” is that markets hate uncertainty.

  • Barack Obama

    To be downgraded is a national disgrace. It comes about via a political battle that should never have been fought.

  • fx_fix_1_200.jpg

    The dollar deflates, the euro loses steam, and Moody's wants Japan to leave the yen alone - time for your FX Fix.

  • Warren Buffett

    Warren Buffett says there's no question that the United States' debt is still AAA and that he's not changing his mind about Treasurys based on S&P's downgrade.

  • italy_rome_200.jpg

    Silvio Berlusconi’s administration has lost sovereignty and its lack of credibility has hit Italy’s reputation abroad, according to former European Competition Commissioner Mario Monti.

  • 100_bill_crack_200.jpg

    Standard & Poor's downgrade of the US' credit rating from AAA  on Friday, was "absurd", Richard Portes, professor of economics at the London Business School, told CNBC Monday.

  • Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.

  • Alan Greenspan

    The decision by Standard & Poor's to cut America's debt rating is, in Alan Greenspan’s view, bad for America’s state of mind.

  • european_union_crack2_200.jpg

    The crisis threatening to envelop Spain and Italy is moving faster than euro zone policy makers can keep up with, William Rhodes, senior advisor at Citigroup, told CNBC Monday.

  • Timothy Geithner

    “So what Europe needs to do is to make sure that there's an unequivocal financial backstop, so there is no doubt in anyone's mind that those countries across Europe have the ability and the will to meet their obligations," the US Treasury secretary told CNBC.

  • The Federal Reserve headquarters in Washington, DC.

    With S&P’s downgrade of the United States’ credit rating from AAA to AA, many are speculating on how markets and U.S. authorities will respond.

  • Barack Obama

    There he goes again. Out on the campaign trail, President Obama is proposing more federal spending as his answer to sluggish growth and jobs. That won’t do it, Mr. President.

  • charlotte_nc_downtown_200.jpg

    Just imagine what would have happened to the markets if the debt ceiling wasn't raised. Yesterday, the equity markets fell off a small cliff and gave back the gains for the year. Today, we are watching the markets on a roller coaster ride as investors try to figure out what is really happening in the economy.

  • The Federal Reserve’s Federal Open Market Committee meets next week to consider monetary policy in light of economic developments since its previous meeting in June. Given the steady stream of weak economic data, it can be expected that the FOMC will at least discuss a further round of quantitative easing – potentially a “QE3” to follow up last fall’s move to QE2.