World policymakers see darkening outlook
From Seoul to Washington, policymakers are increasingly worried about the outlook for the global economy.
Geithner urges global action to boost growth
Treasury Secretary Timothy Geithner on Thursday called on global finance chiefs to boost growth but said a repeat of the massive coordinated fiscal stimulus efforts of 2009 was no longer possible.
Obama Nominates Princeton Economist to Lead Council of Economic Advisers
President Obama announced Monday that he has chosen Princeton University labor economist Alan Krueger to serve as the top economist in the White House.
Federal Reserve Lent Private Banks $1.2 Trillion During Financial Crisis’ Acute Stage
The U.S. Federal Reserve lent private banks about $1.2 trillion from 2007-2009 in order to maintain credit market liquidity, bank function, and prevent the U.S. economy from plunging in to a depression.
Stock Market Amnesia: Does Anyone Recall Last Monday?
Does anyone recall last Monday's stock market panic?
Obama to name Pimco VP, Harvard economist to Fed: report
The White House has identified two economists to fill vacant seats on the Federal Reserve's powerful seven-member board, the Wall Street Journal reported on Friday, citing unnamed sources.
Stock futures signal retreat for equities
U.S. stock index futures pointed to a weaker open on Wall Street on Friday after sharp gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.8 to 0.9 percent.
BofA chief meets top officials: report
Bank of America (BAC.N) Chief Executive Brian Moynihan met privately this week with Treasury Secretary Timothy Geithner and Federal Reserve governor Daniel Tarullo amid the campaign to calm investors and employees about the bank's share price fall, the Wall Street Journal reported.
BofA chief meets top officials: report
Bank of America Chief Executive Brian Moynihan met privately this week with Treasury Secretary Timothy Geithner and Federal Reserve governor Daniel Tarullo amid the campaign to calm investors and employees about the bank's share price fall, the Wall Street Journal reported.
White House seeks ideas to shrink foreclosure glut
The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by mortgage finance giants Fannie Mae and Freddie Mac that are weighing down the housing market and hurting home prices.
White House seeks ideas to shrink foreclosure glut
The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by mortgage finance giants Fannie Mae and Freddie Mac that are weighing down the housing market and hurting home prices.
S&P Downgrade: How does it affect McGraw-Hill?
The amount of negative attention Standard & Poor's has received since its decision to downgrade U.S. long-term debt, would make it seem like the rating agency is public enemy number one.
Geithner, China's Wang discuss markets and global economy
Treasury Secretary Timothy Geithner discussed the global economy and the state of financial markets on Tuesday with his Chinese counterpart, Vice Premier Wang Qishan, the Treasury said.
China's Wen urges global action to calm markets
China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks stumbled on fears that the world economy is headed for a downturn.
Geithner Stays at Treasury: Five Things He Now Needs to Do
Treasury Secretary Timothy Geithner has assured President Obama he will keep his position through the current term, despite calls for him to resign in light of the S&P downgrade.
ECB backs Italy and Spain in bid to halt euro crisis
The European Central Bank intervened dramatically in bond markets on Monday, backing up a verbal pledge to support Spain and Italy with action in an attempt to avert a financial meltdown in the euro zone.
S&P Downgrade: Geithner to Stay at Treasury; Bachmann Calls for Resignation
After considering a resignation once a debt deal was reached, U.S. Treasury Secretary Timothy Geithner confirmed on Sunday that he will remain at his post at President Barack Obama's request, making him Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade.
Gold soars as markets shrug off G7, ECB pledges
Global investors flock to precious metal as safe haven.
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Bullion strikes record above $1,700 on S&P downgrade
Bullion roared to record highs above $1,700 an ounce on Monday as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
Geithner to stay on as Treasury chief
Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request.
Pledges by ECB, G7 cushion downgrade shock
A pledge of coordinated action by the world's industrial powers wedded to hopes of aggressive bond buying from Europe's central bank helped limit the fallout from the historic downgrade of the United States' debt rating in Asia on Monday.
ECB backs Italy, Spain as policymakers pledge action
The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered soothing words to investors shaken by a historic downgrade of the U.S. debt rating.
G7 gives first sign ready to battle crisis
Political and financial leaders gave their first sign of readiness to battle a debt crisis gone global when the European Central Bank signaled on Sunday it would start buying Italian and Spanish debt, a critical move to quell a bond rout that has rocked financial markets.
U.S. gold strikes record above $1,700 on S&P downgrade
Bullion roared to a record on Monday above $1,700 an ounce as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
Treasury Secretary Tim Geithner Will Stay at Post
Treasury Secretary Timothy Geithner will remain in the position at President Barack Obama's request. Geithner considered stepping down after the government borrowing limit was raised.
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