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Congress Federal Budget (U.S.)

  • 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.

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    "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.

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    The Federal Reserve said Monday it will extend its Term Asset-Backed Securities Loan Facility another six months through it said conditions were improving in some areas.

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    The Federal Reserve said it will extend to the end of October a program to buy longer-term government securities, and it kept interest rates steady near zero as expected. Following is the Fed's full statement.

  • Nassim Taleb

    Incompetent policymakers are to blame for a financial crisis that will continue until substantial changes are made, "Black Swan" author Nassim Taleb told CNBC.

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    That’s just what Congress appears to be saying to the American people with its over the top $500 million for the purchase of eight new airplanes that will shuttle them – senators and representatives - back and forth around the world.

  • Some of the nation's top economic forecasters have gathered for their annual pow-wow in the woods of Maine to compare notes and reflect on the state of the economy.

  • Although the U.S. economy is losing jobs at a slower rate, unemployment could still exceed 10 percent, said Tig Gilliam, CEO of staffing company Adecco North America.

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    The House moved toward passing legislation Friday to rein in salaries and bonuses for executives on Wall Street, a day after it was disclosed that nine bailed-out banks awarded million-dollar-plus bonuses to thousands of its employees.

  • Secretary/Intern

    Employment compensation for U.S. workers has grown over the past 12 months by the lowest amount on record, reflecting the severe recession that has gripped the country.

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    Tens of thousands of unsafe or decaying bridges carrying 100 million drivers a day must wait for repairs because states are spending stimulus money on spans that are already in good shape or on easier projects like repaving roads, an Associated Press analysis shows.

  • Car Factory Employees

    Friday's GDP report is expected to show the economy shrank further in the second quarter, but many economists believe the recession has finally hit bottom.