While Congress fights over extending unemployment insurance, Americans remain sour on the economy. But a few proposals show promise for encouraging growth.
President Obama's nominee for second-in-command at the Federal Reserve, Janet Yellen, is 'dovish' on inflation – she's not likely to tighten monetary policy to counteract it.
Fed Chairman Ben Berkanke urged lenders and Congress to take steps towards easing credit to small businesses. Here are some of the obstacles lenders face.
Consumer confidence fell almost ten percent in June. The consumer confidence index recorded the biggest drop since February.
Investors worldwide have grown more cautious about the outlook for the economy and corporate profits.
Obama and Bernanke agree that the US economy is strengthening and more growth is needed.
The consumer price index normally tracking inflation now shows deflation. To some forecasters, this signals recession, meaning that central banks will be keeping interest rates low.
A dozen Senate Democrats joined Republicans in voting against a stimulus package that would add about $80 billion to the deficit. President Obama says it will save state and local jobs.
The US barely generated any private sector jobs in May. Is the $787 billion economic stimulus not big enough, or is it not working at all?