The government’s surging deficit can be cut, easy. Getting it done? Almost impossible. Economic recovery and the end to stimulus spending will do the heavy lifting in Treasury's plan to slash the deficit.
The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government's $700 billion financial bailout program.
As procrastinating taxpayers scramble to get their 2009 returns in by the April 15th deadline on Thursday, it’s time for high-net-worth investors to take steps to avoid a potential tax bomb nine months hence.
In an exclusive to CNBC.com, Fast Money Trader Brian Kelly says "China's lending practices have been compared to the US during the 2000's and without the automatic stabilizers of the free market it is likely that tremendous imbalances exist. In the word's of Warren Buffet...when the tide goes out we see who has been swimming naked."
Stocks snapped a two-day losing streak Thursday after retailers delivered their best sales numbers in a decade, reinvigorating confidence in the recovery. Banks and retailers advanced. Chips were weak.
Stocks rose to session highs Thursday afternoon after the 30-year Treasury auction was met with satisfactory demand and banks gained.
Stocks extended their losing streak for a third day Thursday after an unexpected jump in jobless claims rattled an already skittish market.
U.S. stock index futures pointed to a lower open Thursday after an unexpected jump in jobless claims last week.
Analysts said that the results of Wednesday’s 10-year $21 billion Treasury auction gave a clear signal that investors have a healthy appetite for U.S. government debt and will serve as a bellwether for how those auctions will perform going forward.
The central bank basically sees no inflation at all on the horizon. They’re showing no imminent sign of ending their ultra-easy money for an extended period any time soon. But my message to them and to investors is this: Are you sure about this low-growth recovery?
The 1.776 percent yield alone of the 3-year $40 billion Treasury auction Tuesday earns the auction a solid grade of B.
The Dow's ascent after the latest Fed minutes quickly petered out and the blue-chip index ended flat. Banks and some techs were higher, while retail and homebuilder stocks were weak.
THe Dow turned higher Tuesday after the latest Fed minutes were released. Banks and some techs were higher, while retail and homebuilder stocks were weak.
Stocks declined Tuesday amid buzz that Greece wants to renegotiate its bailout package and as investors await minutes from the Fed's last policy meeting.
In exposing the chain of events that led to the market’s collapse (liquidity and capital) and the government’s unprecedented bailout, Lowenstein pieces together the full story of “The End of Wall Street” as we knew it and what he calls, the fall of an entire generation.
The panel established by Congress to investigate the causes of the financial crisis has been hobbled by delays and internal disagreements and a lack of focus, according to interviews with a majority of its members and government officials briefed on its work. The New York Times explains.
Today, the Euro came under pressure with after a series of stories have emerged over the last 24 hours on the details for a Greek bailout.
U.S. stock index futures drifted lower Tuesday ahead of minutes from the latest Federal Open Market Committee meeting on fiscal and monetary policy.
The Greek Finance Minister will travel to the U.S. in two weeks to drum up support for his latest bond auction that he hopes will raise $10 billion ($13.4 billion).