CNBC Senior Economics Reporter Steve Liesman speaks exclusively with Treasury Secretary Jack Lew in a wide-ranging interview covering everything from China's currency devaluation to the Iran deal to the U.S. economy.» Read More
American International Group chief executive Edward Liddy faces tough questions Wednesday on Capitol Hill when he will testify before the House Financial Services Committee on how taxpayers' money poured into the insurance giant has been spent.
Seems like everybody nowadays is interested in buying government bonds, but the reasons differ depending on who you are. The Bank of Japan announced they would increase the purchases of their own sovereign debt following in the footsteps of the Bank of England who also stated they would purchase gilts.
The President should declare a war on greed, like the war on terror, which would help us solve all sorts of problems, including fat bonuses for financial wizards at companies like AIG.
Call it what you will: an act of rebellion; blind myopia; a cry for help … but I'm actually starting to believe in the global recovery story.
The Federal Reserve has no option but to start buying Treasurys as the government's needs for financing are huge, but the government bond market is a disaster in the making, Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC.
The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.
There’s growing concern in some circles that the President’s economic policies are confusing massive stimulus with Big Government and will thus deliver a muted recovery in the next year.
The Obama administration's plan to purchase toxic assets from the banks in a public/private partnership could be made public as soon as this week, according to senior administration officials.
The Obama administration’s hope-and-change show hasn’t played well on Wall Street, but in the last week investors may finally be getting some of what they want and that could bring a happier ending than anyone imagined.
Today, General Motors announced it no longer needs a $2 Billion dollar loan from the Treasury Department this month.
Letting banks fail is not an option as it will cause a run on all the other banks of all forms of creditors, David Roche, global strategist at Independent Strategy told CNBC.
Even with tens of billions of dollars set aside for foreclosures, the government's efforts to prop up the ailing housing market don't go far enough and as a result are unlikely to yield a full-fledged turnaround.
I can't argue with President Obama's investment advice — a long-term strategy of investing is always wise, and confidence in the future is an important element of any recovery — but jawboning investors to buy won't fix what's ailing this market, says Tony Fratto
Nationalizing banks is a slippery slope which won't do the mired down economy any good, says Wilbur Ross, chairman and CEO of WL Ross & Co.
The Obama administration is doing a much better job with regards to the dealing with the economic crisis than its predecessor says Wilbur Ross, chairman and CEO of WL Ross & Co.
For all the US intervention into business and markets, there’s one thing it still can’t do to stop the bleeding in the financial system.
American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday.
If jobs weren’t enough to worry about in this recession, for many Americans there’s the added pressure of being able to afford retirement. The relentless decline in stock and home prices is destroying household wealth big time.
The Obama administration is trying to walk a public relations tightrope in aiding the banking industry.
Could it be? And if so, will it continue? Cramer says there’s reason to think it might.