Ben Bernanke says Federal Reserve policy is not responsible for the UN's Food Price Index now standing at its highest level in 21 years or gasoline costs rising 49% in six months.
Chicago election officials see increased turnout for the first mayoral election since 1985 not to have Richard M. Daley's name on the ballot. Thirty-one percent of voters showed up last time.
Less than a week from Election Day, top candidates in the Chicago mayor's race talk spending freezes and consider bringing a casino to the city.
Home prices peaked in the US five years ago. Here is a look at the key issues affecting home prices as the spring real estate market approaches.
US home prices fell 1 percent in November compared with the previous month, according to a widely followed 20-city index released by Standard & Poor's Tuesday. It's the latest sign that, five years after home prices peaked, the housing market remains an important weak link in the economy. Still, housing experts say 2011 could be a pivotal year when home prices bottom out and a more stable environment begins to emerge. Here's a look at the key issues.
The short answer is yes. Forecasters anticipate that extending the Bush tax cuts, as well as other measures in the Obama-GOP deal, will breathe life into the economic recovery.
Erskine Bowles is co-chairman of the presidential deficit commission, which votes Friday on US fiscal plan. As president of the University of North Carolina system, he's no stranger to budget-cutting. He's had to trim more than $550 million and 1,000 jobs.
The Federal Reserve offers details on the loans it gave to banks and others at the height of the financial crisis. One program alone doled out nearly $9 trillion.
The Federal Reserve hopes its Treasury bond buy will boost economic grown and inflation. Critics say it will raise prices and do little to help the economy.