Economists call for greater thrift, less dependence on foreign oil, and a closer watch on Wall Street.
He aims to expand access to the remaining $350 billion in TARP funding.
GMAC's president says the federal money will have an immediate impact on the credit it can offer General Motors customers.
US automakers are likely to get $15 billion in federal loans, but lawmakers insist on industry restructuring.
Their CEOs visit Washington, trying a second time to win lawmaker approval for an auto industry bailout.
The New York Fed president is known for his insights on ‘90s international crises.
A government mired in debt combined with a recession will make the path to recovery difficult for the president-elect.
Consumers were the biggest engine of global growth. But indebtedness prevents that now.
Democrats will use credit-crisis hearings this month as a springboard for more regulation next year.