May 30, 2012 With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.
May 21, 2012 President Obama will be with world leaders in Chicago today after meetings at Camp David over the weekend. The takeaway from those meetings is that there should be more of a focus on growth rather than austerity as Europe grapples with another flare up in the debt crisis.
May 3, 2012 Bill Clinton is warning Europeans that the prescription of austerity, quote "continues to be pushed in the face of evidence that it won't work." For those not inclined to accept this kind of economic advice from an ex-U.S. president, the question arises: who do Americans trust to handle these matters?
Apr 26, 2012 The Fed has ended its two-day meeting and the conclusion is the economy isn't bad enough to take new action now.
Apr 26, 2012 The Federal Reserve won't be taking any major new steps to help the economy at this time, and the reason is that the Fed expects the U.S. economy to grow at about 3 percent this year.
Apr 26, 2012 The Federal Reserve has upgraded its forecast for the U.S. economy in 2012 but also downgraded its outlooks for 2013 and 2014. There are worries the U.S. could fall back into recession just like the U.K. did.
Apr 24, 2012 President Obama has announced a new policy aimed at punishing countries like Syria and Iran that practice violence after gathering information about citizens online.
Apr 17, 2012 Lenny Gilleo, that's who. He owns a barber shop in the Federal Reserve building in Washington, D.C.
Apr 4, 2012 At the Federal Reserve's latest meeting, only two of 10 voting committee members support additional stimulus. The Fed inspector general, meanwhile, released a report that Fed money didn't contribute to the Watergate burglary, or to Saddam Hussein and Iraq getting weapons in the 1980s.