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Congress Federal Budget (U.S.)

  • Mohamed El-Erian, co-chief executive officer of Pacific Investment Management Co.

    The current market rally is based on temporary measures and could evaporate once government stimulus has run its course, Pimco's Mohamed El-Erian told CNBC.

  • Global Markets

    The International Monetary Fund has revised up its forecast for economic growth this year and next in major industrialised economies and worldwide, according to a document obtained by Reuters on Friday.

  • The Federal Reserve headquarters in Washington, DC.

    Dallas Federal Reserve Bank President Richard Fisher on Thursday gave a muted outlook for the U.S. economy, saying a long period of slow growth lies ahead even when the recession ends.

  • Banks were pressured to take government bailout funds under the Troubled Asset Relief Program whether they wanted to or not, said Bill Cooper, the chairman and CEO of TCF Financial.

  • Federal Budget Deficits

    Last week the Congressional Budget Office released its revised estimates for the federal government budget over the next ten years. It should come as no surprise that the outlook has deteriorated even since the CBO's last report just five months ago.

  • Sheila Bair

    Commercial loans are likely to be the biggest drivers of future bank failure, Sheila Bair, Chairman of Federal Deposits Insurance Corporation, told CNBC Tuesday.

  • Treasury Building

    Despite a seemingly endless flow of US government debt into the markets, foreign investors continue to gobble up Treasurys and keep yields relatively low.

  • durable_goods_no_txt.jpg

    Orders for durable goods rose last month by the largest amount in two years, but the rise was mainly fueled by the volatile transportation sector.

  • Mohamed El-Erian, co-chief executive officer of Pacific Investment Management Co.

    Federal Reserve Chairman Ben Bernanke faces a slew of challenges in his second term that will determine whether the US rebounds strongly from recession, Pimco's Mohamed El-Erian told CNBC.

  • President Barack Obama announced Fed Chairman Ben Bernanke's reappointment this morning. The following are CNBC video highlights, where experts weigh in on Bernanke's performance, working relationships and impact on the markets.

  • bernanke_071108.jpg

    "The next phase is almost as difficult as the first one he presided over in saving the economy from a deeper recession or worse,” says one economist.

  • Credit Card Swipe

    The rate at which credit card holders fell behind on their payments was far worse in the second quarter than it was last year, but did improve sharply from the alarming level seen in the first three months of 2009.

  • Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)

    Last year, Ben Bernanke seemed nearly as beleaguered as the  financial institutions he was protecting, but that image is changing.

  • Global Markets

    Turnabouts in Europe and Asia, along with recent gains in the U.S., are raising hopes that that the global recession is drawing to a close.

  • Federal Reserve Bank Chairman Ben Bernanke.

    Looming in the future is a high-risk challenge for the economy's rescuer-in-chief: He will have to mop up that money without disrupting a nascent recovery.  And timing is vital.

  • Warren Buffett: The Greenback Effect

    Warren Buffett is back with a new piece in the New York Times, but today he's not using the high-profile platform to explicitly urge us all to buy stocks as he did last October.  But there's still a big "buy" recommendation implicit in the dollar doomsday scenario he lays out in his latest op-ed.

  • Customer satisfaction with products and services available to American consumers is high and increasing, according to the latest American Consumer Satisfaction Index (ACSI).

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    U.S. loan demand fell in the second quarter for every major category bar prime residential mortgages as banks tightened credit standards and borrowers remained cautious, central bank and government studies showed.

  • Reappointing Fed Chairman Ben Bernanke is the “right thing” to do, said Former Federal Reserve governor Frederic Mishkin on Monday.