Government stimulus has powered much of the economic recovery so far, the Fed's Bernanke says. Can the private sector take over?
The Fed's Ben Bernanke said Wednesday the US economy will grow this year but not fast enough to make big inroads in the unemployment rate. He signaled that interest rates are likely to remain low.
Stock prices on the New York exchanges climb higher after Federal Reserve chairman Ben Bernanke told Congress the economic recovery is continuing.
President Obama signed the healthcare reform bill Tuesday. Democrats will now work to sell the new law's benefits, while Republicans look to repeal it and emphasize their own plan.
In the end, Democrats may simply not have enough votes to pass healthcare reform. If that happens, the rest of Obama’s agenda would be cast into doubt, and the possibility of a tidal-wave election this fall would increase.
Speaker Nancy Pelosi says the vote on the healthcare reform bill may come next week, but House Democrats are waiting for assurances about what the Senate will do afterward.
For scores of lawmakers, approving the Senate healthcare reform bill and subsequent 'fixes' carries considerable political risk.
Some areas of agreement emerged over the six hours of televised talks, but Obama's healthcare summit ended Thursday with slim prospects of bipartisan accord.
Just back from their congressional districts, Democrats are nervous about riling voters on healthcare reform legislation. But Obama says once people know the details, they'll back it.
Bernanke warned Wednesday that federal debt as a share of GDP is approaching highest levels since the early 1950s, after the massive borrowing of World War II.