U.S. banks are ensnared in a trap resembling the Hotel California — they can check-out any time they like, but they can never leave.
'Bond vigilantes' are selling Eastern European, Dubai, Irish and Italian debt and at some point will go for bigger bait, Guy Monson, managing partner and CIO of Sarasin & Partners, told CNBC late Monday.
President Obama Friday announced $2.3 billion in tax credits under the Recovery Act to further dozens of clean energy initiatives. The goal: To become a leader in green tech innovation while creating manufacturing jobs on American soil.
The $75 billion program to protect homeowners from foreclosure has been viewed as a disappointment, and some experts now contend it has done more harm than good, the New York Times reports.
The Treasury market absorbed $118 billion in notes this week without a hitch but next year, markets may not be so nice as investors worry about inflation and the growing supply of new issuance.
Markets are likely to be more volatile and US markets are likely to outperform emerging markets in 2010, Marc Faber, author of the Gloom, Doom and Boom Report, told CNBC Wednesday.
Why did the Obama administration raise the cap on the amount of money it would lend to Fannie Mae and Freddie Mac?
As interest rates are set to rise, investors should position themselves away from bonds to avoid being caught in a severe fall in prices, Dan Deighan, founder of Deighan Financial Advisors, told CNBC Tuesday.
With so much focus on job creation, there is a huge elephant in the Recovery Act room: fraud and waste. According to the Association of Certified Fraud Examiners, organizations lose seven percent of annual revenues to fraud. If you apply that metric to the Recovery Act, that's $55 billion dollars.
The Treasury Department will ask Congress for legislation to relax rules governing the Troubled Asset Relief Program or TARP to help small business get loans from smaller banks, CNBC has learned.
The path of the dollar and fallout from the quadruple expiration of futures and options could be big drivers for stocks on Friday.
Citigroup's troubled share offering represents a major setback for CEO Vikram Pandit and his efforts to free Citigroup from government control, the NYT reports.
Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support, the New York Times reported.
Bernanke is expected to renominated into office on Thursday, but he has his critics; some who have blasted Time's magazine's choice of the Fed Chief as "Person of the Year."
Bank holding company Washington Mutual has asked a federal court for the power to make the Federal Reserve, the U.S. Treasury, and a long list of other parties turn over documents and witness interviews related to the bank's 2008 collapse.
I'm in Las Vegas today doing a bunch of stories on the housing "recovery" here. Many of you may be wondering what ever happened to Katie, the subject of my "Lunacy in Las Vegas" blogs of a few months ago.
The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase as part of the support it provided the bank during last year's financial crisis.
Americans remain pessimistic about the economy and have little trust in Washington's economic leadership— despite $1.5 trillion in federal spending on stimulus and bailouts, a new CNBC "Wealth in America Report" finds.
Famed investor Jim Rogers says adding more to U.S. debt to combat the economic crisis is like telling Tiger Woods the solution to his problems is getting another girlfriend.
For the first time, today, the U.S. Department of Treasury is releasing the number of trial mortgage modifications in its $75 billion Home Affordable Modification Program that went permanent.