Details of the Obama administration's budget blueprint scheduled to be released tomorrow are beginning to trickle out. Among other things, the plan is expected to set a goal of cutting the blooming budget deficit in half by the end of the president'...
President Barack Obama is expected to discuss details of his administration's economic recovery package in an address before a joint session of Congress tonight. Presidential Press Secretary Robert Gibbs says Mr. Obama will be honest about where we...
Meeting with his economic advisors and others at the White House today, President Barack Obama said even with the economic challenges facing the nation, he plans to cut the nations budget deficit by half by the end of his first term in office. Presi...
The nation's Republican governors are expressing sharply different views about whether to accept federal funding from the administration's stimulus plan and about how best to respond to the nations economic crisis. The National Governors Association...
The proposed budget that President Obama will deliver to Congress this coming week will reportedly seek to cut the federal deficit in half over the next four years. Mr. Obama says it's a goal that is crucial to the nation's financial future. It will...
To say stock market investors are pessimistic as the week winds down would be something of an understatement. All three of the major stock market indexes ended the session lower today. The fresh bear market lows followed remarks from Senate Banking...
Asian and European leaders have wrapped up a meeting in Beijing at which they agreed on ways to address the global financial crisis. They planned to present their ideas at a summit to be hosted by the United States next month. NPR's Louisa Lim repor...
The Markets dropped again today. The Dow Jones Industrials fell 3. 5%. The NASDAQ and SP were also down more than 3% today. NPR's Yuki Noguchi has more. A few months ago, a 300-point-drop in the Dow would have been a very bad day, but given the setu...
The Bush administration and Federal regulators are working on a plan to ease pressure on homeowners facing foreclosure. NPR's Giles Snyder has more. A parade of Federal regulators were on Capitol Hill today including Sheila Bair--the Chair of the Fe...
World markets went back into retreat today, amid a slew of disappointing corporate earnings showing the extent to which many financial firms and other companies have been hurt by the current financial crisis. Fears about the economy have become a ma...
