More than a year after the financial meltdown of 2008, Congress is moving forward on plans to drastically curtail the power of the Federal Reserve.
Four months after he was escorted in his pajamas onto a military plane and flown out of the country, ousted Honduran President Jose Manuel Zelaya could return to power within days, analysts said Friday.
Most Federal Reserve policymakers believe that an economic recovery has started, although they view the turnaround as weak enough that some want the central bank to take additional steps to stimulate the economy, according to minutes of a meeting last month that were released Wednesday.
If you think flying is a miserable experience now, just wait until 2010.
The Treasury Department warned U.S. financial institutions Thursday that the North Korean government may resort to "deceptive financial practices" to get around economic sanctions.
Make the tax code fairer? That's one of the things President Obama wants to do in the 2010 budget, which Congress resumes work on this week.
The U.S. economy is clearly in terrible shape. What is less clear is how we got here.
As President Obama brings a proposed wish list for fixing financial markets and the global economy to the world stage, he's likely to have a tough sell.
Last week, Congress. This week, the world.
President Barack Obama has named one of his economics advisers to the No. 2 post at the Treasury Department and will keep a Bush administration appointee in another top job, the White House announced Monday.
More than a year after the financial meltdown of 2008, Congress is moving forward on plans to drastically curtail the power of the Federal Reserve.
Four months after he was escorted in his pajamas onto a military plane and flown out of the country, ousted Honduran President Jose Manuel Zelaya could return to power within days, analysts said Friday.
Most Federal Reserve policymakers believe that an economic recovery has started, although they view the turnaround as weak enough that some want the central bank to take additional steps to stimulate the economy, according to minutes of a meeting last month that were released Wednesday.
If you think flying is a miserable experience now, just wait until 2010.
The Treasury Department warned U.S. financial institutions Thursday that the North Korean government may resort to "deceptive financial practices" to get around economic sanctions.
Make the tax code fairer? That's one of the things President Obama wants to do in the 2010 budget, which Congress resumes work on this week.
The U.S. economy is clearly in terrible shape. What is less clear is how we got here.
As President Obama brings a proposed wish list for fixing financial markets and the global economy to the world stage, he's likely to have a tough sell.
Last week, Congress. This week, the world.
President Barack Obama has named one of his economics advisers to the No. 2 post at the Treasury Department and will keep a Bush administration appointee in another top job, the White House announced Monday.
The Obama administration has a new plan to wipe toxic assets from banks' books, but it forces the government to make a calculated gamble.
While touting the administration's economic plan on Friday, President Obama's top economic chief said it was unclear how long the fixes would take to work.
A major chunk of the stimulus plan dealing with transportation is drawing fire for focusing too much on building new highways and not enough on regular maintenance projects and public transport.
Whether or not Congress or the Federal Reserve manages to solve the financial crisis, there will be an equally scary situation that has not yet made newspaper headlines.
White people will no longer make up a majority of Americans by 2042, according to new government projections. That's eight years sooner than previous estimates, made in 2004
Want to help the country save a quick million barrels of oil a day? Drive 5% less. Slow down. Inflate your tires.
hile cities are hot spots for global warming, people living in them turn out to be greener than their country cousins
Analysis: A setback to key legislation reveals fissures in the Shi'a establishment but also holds out the promise of negotiated compromise
Lawmakers have given their final seal of approval to a $170 billion plan intended to spark the slowing economy.
A government report on January jobs showing that employers trimmed payrolls for the first time in four years set off alarm bells.
Ahead of Friday's January employment report, there is a lot of concern about the weakening job market, even as the unemployment rate stands at a relatively modest 5%.
Amid all the problems, two years after Katrina there are some positive signs of economic recovery
The walls are bare, the closets are empty, and Connie and Timothy Pent and their two teenage children are living out of boxes as they wait for a dreaded knock at the door of their three-bedroom house in Ocala, Florida.
Where's the money to fix our failing bridges? It's being spent on new, unneeded ones. That's our broken transportation system
The middle class may not be as badly off as they think - or hear - they are. But that doesn't mean their anxieties are unfounded.
Does likeability matter for a presidential candidate?
The Bush administration and the leadership of the Democratic Party are preparing to take another legislative leap at imposing a massive illegal alien amnesty on American citizens.
Thousands of mothers and families, feeling squeezed by the growing demands of work while trying to care for children, are joining together in a new organization called Moms Rising.
Before the final hours of the Clinton Global Initiative, the lobby of Manhattan's Sheraton hotel was so jam-packed that it was almost impossible to move through the crowd. It wasn't easy to pick out people in the sea of the famous, the wealthy and the powerful, but they were there. Barbara Streisand. First Lady Laura Bush. Hillary Clinton. And so on.
After months of rebuilding, Henry and Flora Hamilton's house doesn't look like it was sitting in 7 feet of water a year ago. The same can't be said for most of their neighbors' homes.
After months of rebuilding, Henry and Flora Hamilton's house doesn't look like it was sitting in 7 feet of water a year ago. The same can't be said for most of their neighbors' homes.
Lebanon's government needs a cash infusion of at least $1 billion to rebuild its shattered south if it is to meet Hezbollah's challenge for authority there, according to a U.S.-based expert on the Middle East.
The pension law signed by President Bush last week will have its primary impact on tens of millions of private-sector workers who have defined benefit pension plans and defined contribution plans such as 401(k)s.
NEW YORK (CNNMoney.com) - By now everyone knows American workers aren't saving enough for retirement.
New Orleans, six months after Hurricane Katrina first came ashore, killing hundreds of people and displacing thousands in its wake, is a study in contrasts.
The former 9/11 commission issued a report Monday that faulted the government's progress in implementing reforms the panel recommended last year.
There has been an impressive amount of construction in the United States over the last three centuries: All told, we've built more than 300 billion square feet of homes, offices, factories and other structures.
JULIE BATEMAN, 46, WAS AN EXCEPTIONAL EMPLOYEE. After 20 years at National Textiles, most recently in quality control, she had almost inhuman peripheral vision and spatial acuity: "It got to the po...
More and more companies are offering new ways of 401(k) investing that will allow you to sit back and hit "autopilot."
They're the shadow government--the millions of private-sector contractors doing everything from Homeland Security--related IT projects here to interrogations in Iraq. Estimates vary, but Paul Light...
NEW YORK (CNN/Money) - Both the House and Senate committees charged with drafting Social Security reform legislation are holding hearings this week. There likely will continue to be sharp partisan bickering over individual investment accounts.
THE GREAT DEBATE OVER SOCIAL SECURITY IS SO CLOUDED with hype and misinformation from each side that only one thing is perfectly clear: It's shaping up to be the landmark political issue of 2005. N...
The weapon: A powerful car bomb. The target: A police station. The toll: At least six policemen blown up. This scene and the refrain from Iraq's current leader strike a familiar chord.
For Michael and Martha Hogan, giving to charity is not just a tradition -- it's a passion. The St. Louis couple, both 51, donate regularly to some two dozen nonprofits, ranging from major groups like the United Way and the National Kidney Foundation to the lesser-known Small World Adoption Foundation, which helped them adopt the youngest of their four children.
Being poor doesn't mean being jobless, said a recent Challenger, Gray & Christmas report that found more and more working families are living at or below the poverty line.
"... if I am President, we're going to scour that tax code and make it simple and fair once and for all." -- John Kerry, September 2003
The numbers going into Falluja clearly favor U.S and Iraqi forces.
In Bush's first press conference following his re-election, he again brought up the idea of an "ownership society" which I take to mean as privatizing Social Security. I can see the appeal of trying to get a higher return for the nation's nest egg, but wouldn't putting funds in the stock market be too risky?
U.S. officials say they are doing everything they can to capture the man who now rivals Osama bin Laden as public enemy No.1.
By simple count, it appears to be a success. Of the coalition's 55 individuals on the Pentagon's "Most Wanted Iraqis" deck of playing cards, 43 have been killed, captured or have surrendered, including Saddam Hussein and his sons.
These days, many 40-year-olds are already thinking about how and where they want to live when they retire.
Listen to Lou Dobbs or John Kerry and you could easily get the impression that the outsourcing of white-collar jobs is just another form of Enron-like corporate treachery. But the fact is, the serv...
Does this make sense? Illinois is holding presidential primaries Tuesday -- even though the nominations of both parties have already been locked up.
On at least one topic, Americans and Europeans agree: Current U.S. tax laws violate international trade treaties. With Europe threatening to impose $4 billion in tariffs on products ranging from cu...
ECONOMY A Taxing Burden
Late on the night of June 12, 1935, Louisiana Senator Huey Long noticed that several of his colleagues were snoozing at their desks. The populist firebrand suggested to Vice President John Nance Ga...
It's time for the U.S. government to subsidize broadband connections to the home. I never thought I'd say that, but I've gotten over my free-market puritanism. The Bush administration should write ...
The Republican takeover of Congress virtually ensures a slew of tax cuts that could take effect, retroactively, as early as Jan. 1, say tax experts and Washington insiders.
If the U.S. economy were a person, you can be sure it would have serious emotional problems. For well over a year now, it's had to weather one withering insult after another. Academics have dubbed ...
After a year in which Americans endured a terrorist attack, layoffs, a stock market swoon and news of billion-dollar corporate swindles, we wanted to gauge the mood of affluent Americans. Are they worried? What, if anything, are they changing about their financial lives? How much is enough to feel rich? What do they think their chances are of becoming wealthy? What's the best way to do it? What does affluence mean to them, anyway?
We're about to get an earful on the wisdom of price controls. The upcoming Senate hearings about the need for price caps on California energy will be the first of many lectures. The next barrage wi...
After more than a month of legal battles, Al Gore has finally conceded the presidency. The 52-year-old is certainly young enough to run again in four years, but in the meantime he has a pressing co...
Americans are feeling a bit like lottery winners lately when it comes to the economy. I choose the analogy advisedly. From the perspective of, say, January 1993, the current state of the U.S. econo...
It's a truism that labor mobility is key to America's strength in creating jobs and shifting resources to their best economic use. But there's a darker side, says Cornell labor economist John Bisho...
Anyone who wonders what the elusive ''new'' Democrats really think should read Growth With Equity, published by the Brookings Institution. The book raps Republicans preoccupied with the former and ...
After a rewarding love affair with homeownership in the Seventies and Eighties, some people feel they've been jilted in the Nineties. Those who bought at the top in California and the Northeast suf...
-- DAVID MULLINS JR., 46, vice chairman of the Federal Reserve, on why the Fed should resist pressure from businesses that want more loans and not relax capital requirements for banks: ''We've been...
MOST Americans don't think they need an economist to tell them the nation has been underinvesting in its infrastructure. They can feel the evidence when they bounce through a pothole and see it in ...
Investors have more choices than ever in a world of mounting demand for money and increasingly efficient flows of information and capital. So when the U.S. economy tanked, foreigners had no trouble...
Past plans to devolve more of Washington's responsibilities failed because they either weren't thought through or were politically inopportune. Economist Alice Rivlin, 61, a Brookings Institution f...
How much is America overpaying for environmental regulations? Robert Crandall, a senior fellow at the Brookings Institution, reviewed a score of serious efforts to quantify the costs since the earl...
-- DICK ARMEY, 51, U.S. Representative (R-Texas), who wants Congress to kill an Agriculture Department program that awards millions of dollars to giant food companies for advertising: ''What next, ...
It's almost a truism that world capital shortages loom during the Nineties as emerging market economies vie for funds with the industrial countries. Barry P. Bosworth thinks otherwise. A senior fel...
Mention to friends that you're thinking of buying a house, and odds are they'll tell you the only home you'll need is the nut house. Residential real estate is dead, they'll say. Prices are falling...
Some critics of price-level adjusted mortgages (PLAMs) ((Mail: A Caution from Kemp, July)) are alarmed because nominal payments can seem quite high if inflation accelerates. In real terms, however,...
Were you surprised by the sudden emergence of East Germany from behind the Iron Curtain? You wouldn't have been if you had remembered the hundreds of predictions that were floated by the 1,500 econ...
We read the other day that nonstop air service from the New York area to Las Vegas is again available to ordinary mortals -- it never went away for the high rollers -- and had the darndest free ass...
One of the problems with reassuring paranoiacs, as any psychiatrist will tell you, is that their fears are not always groundless. That's also true in the case of economy watchers, who often seem co...
At the center of the Washington vortex, where the budget deficit, taxes, and the dollar swirl into national policy, is Treasury Secretary and stalwart Texan James Baker. He and his new-found ally, ...
Has Mikhail Gorbachev gone Madison Avenue? Apparently so. The Soviet leader is using imperialist dog-and-pony shows to sell his country's products and politics to the West. In August the U.S.S.R. p...
As if cheap imports were not trouble enough for major U.S. steelmakers, small, low-cost domestic competitors are plotting a new attack on the giants. So- called mini-mills plan to make steel sheet ...
WHAT ACCOUNTS for the amazing surge in the U.S. standard of living since the end of World War II? Capital, abundant natural resources, and economies of scale in the world's largest developed market...
DID THE first-quarter speedup in productivity growth herald the long-awaited turnaround in this fundamental measure of economic progress? The short answer is no, the longer answer yes. Productivity...
China may be poised for yet another experimental spin down the capitalist road. An article in the People's Daily, the Communist party's official newspaper, called for the establishment of Western-s...
IN THE GALAXY of Washington think tanks, the archconservative Heritage Foundation is eclipsing its rivals. From privatization to Star Wars, Heritage prescriptions have become Reagan Administration ...
COMMODITIES BROKERS, who deal in everything from pork bellies to Treasury bills and precious metals, emerged from their trading pits months ago to fight sweeping new regulations proposed by the Com...
The first major U.S. steel strike in 26 years got under way when 8,200 members of the United Steelworkers walked off the job at Wheeling-Pittsburgh Steel Corp., the nation's seventh-largest steel c...
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