Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants.
President Obama said Monday that agencies will need to make "very difficult decisions" as a result of sharp spending cuts that went into effect last week and warned that families will be hurt and economic growth will suffer.
Janet Yellen, the Fed's influential vice chair, said Monday the central bank's aggressive monetary stimulus is still warranted.
President Obama made three major personnel appointments Monday, nominating Walmart's philanthropic head Sylvia Mathews Burwell as White House budget director, Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the DOE.
President Obama has selected air quality expert Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the Department of Energy, a White House official said.
Martin Lakos, Division Director at Macquarie Private Wealth, says the rotation from bonds to equities is in full flow, despite concerns over the U.S. 'sequester' spending cuts.
Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would pose a real risk of damaging a still-fragile recovery.
Just hours after across-the-board spending cuts officially took effect, Barack Obama pressed Congress to work with him on a compromise to halt a fiscal crisis he said was starting to "inflict pain" on communities.
It's on: President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan.
The Keystone XL oil pipeline got a boost after the U.S. State Department said it would not likely change the rate at which Canada's oil sands are produced.
Wall Street has avoided the massive market turmoil that came with the "fiscal cliff" panic but is far from out of the danger posed by political turmoil.
President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.
President Obama tells reporters he can’t just magically make Republicans leaders agree with him on a deficit deal. (1:40)
Borrowers whose homes were foreclosed on during the U.S. housing crisis will start receiving payments in April from a $3.6 billion fund under a previously announced settlement with 13 banks, regulators said on Thursday.
Discussing solutions to U.S. debt, and whether there is still time for a deal on the sequester, with Rep. Kevin Brady (R-TX).
CNBC's John Harwood takes a look at why the stock market doesn't seem to care about tomorrow's sequester, as the Dow heads toward an all-time high.
House Budget Chairman Paul Ryan told CNBC that he expects the across-the-board spending cuts known as the "sequester" take effect after Friday's deadline.
On paper, the spending cuts, due to kick in on Friday, promise $85 billion in budget savings. In reality, the "sequester" is likely to yield less than half that much.
Unemployment probably won't reach the 6 percent level until 2016, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.