The Obama administration pointed to declining budget deficit and improved housing market as likely factors for economic growth.» Read More
Watch what politicians do, not what they say: John McCain has been trying to reassure his base that he's an economic conservative. But here's McCain, on MSNBC's Morning Joe today, embracing the new Senate housing bill include federal money for new housing tax credits and state housing bonds.
The U.S. Senate voted against adding an amendment to a housing market rescue bill that would have given bankruptcy judges the power to ease mortgage payment terms for some distressed borrowers.
Federal Reserve Chairman Ben Bernanke has been getting plenty of heat from Congress for stepping in to rescue Bear Stearns. But a new report shows that lawmakers themselves don't show much restraint when it comes to spending taxpayers money on pet projects.
The rapid progress in Washington on bipartisan housing legislation, as on the earlier stimulus legislation, shows how strongly fear can change the mind of politicians. Congressional Republicans, taking cues from their free-market leader at 1600 Pennsylvania Avenue, had generally been keeping their distance from the idea that further action is necessary on the housing mess.
Senate leaders announced an agreement on legislation to ease the slumping housing market and help millions of families threatened by foreclosure.
OK, for a while I thought my little peace-making idea (see my last pre-vacation post) was working. I'd look from time to time at my blackberry, and found NOT A SINGLE MESSAGE from Barack Obama or Hillary Clinton trash-talking each other. Maybe I HAD helped turned down the volume on the Democratic primary noise machine.
Treasury Secretary Henry Paulson unveiled his proposal for a new regulatory system for the financial markets. CNBC asked the experts to weigh in.
The Bush administration's top housing official, under criminal investigation and intense pressure from Democratic critics, announced Monday he is quitting.
Democratic presidential hopeful Barack Obama told CNBC that financial regulations need to be revamped to deal with the credit crisis and threat of recession.
The unofficial transcript of a March 27, 2008 interview with Senator Barack Obama on CNBC's "Closing Bell."
Democratic presidential candidate Barack Obama called for greater government regulation of the U.S. financial system Thursday and proposed a new $30 billion economic stimulus plan to help homeowners.
Gov. Phil Bredesen of Tennessee has proposed a fascinating exit strategy for the Democrats' nomination-race dilemma. He wants a special "primary" for the uncommitted "super-delegates" to settle the choice between Barack Obama and Hillary Clinton.
The bitter fight between Hillary Clinton and Barack Obama is a gift to the presumptive Republican nominee, John McCain. It's the gift of time to strengthen his campaign this spring. But McCain needs to use that time well, because even though he has moved ahead in some national polls, the Iraq war, the slumping economy and the unpopularity of President Bush...
2007 was a lousy year for John McCain, who lost his status as the Republican presidential front-runner and saw huge chunks of his campaign staff walk out the door. But in 2008, his campaign manager Rick Davis points out, he's "the luckiest guy in American politics."
That sound you hear around the nation's capital is the political class, chortling. They're amused (rather than outraged) by the spectacle of so many on Wall Street extended their hands, palms up, seeking financial help from Washington.
The public phase of the Democratic presidential race will now pause, briefly, for a back-to-the-future experiment in backroom deal-making. It's an unusual turn for the self-styled party of the people, which began four decades ago to throw open the doors of its nomination process to rank-and-file voters.
Time once again to share your mail, and answer some of yours messages. Thanks for writing, and keep 'em coming. From Patty: "Geraldine Ferraro basically called Senator Obama Senator Edwards. Is that such an insult? I hasten to add that I believe that if Senator Clinton's preacher of 20 plus years was advocating singing "God Damn America,"
Aquiring some of the worst loans in California, Florida and other struggling states would boost the rest of the country – and the market.
One of the familiar themes of modern day politics is whining about the role of the press. Losing candidates often resort to this as an explanation for their lagging performance. We've heard it plenty from Hillary Clinton's campaign, which says the press has been too hard on her and too easy on Barack Obama.
Hillary Clinton retains a narrow lead over Barack Obama among Democratic voters nationwide, helped in part by her advantage on economic issues, a new NBC News/Wall Street Journal poll shows.
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