Topic: Shrewsbury (New Jersey)

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Wall Street, wary but expectant, awaits debt ceiling deal from D.C.

The markets are counting on Washington to raise national debt ceiling by Aug. 2, but that's not all. Wall Street also expects a deal that cuts the size of US budget deficit. How much is it looking for?
Why Wall Street isn’t worried about a government shutdown

Wall Street insiders aren't worried the government might hang an 'out to lunch' sign. The market improved during the 1995 government shutdowns. Of greater concern: raising the debt ceiling.
Goldman Sachs under fire: Is Wall Street cheering or cowering?

On Wall Street, Goldman Sachs is admired to a certain extent for its ability to generate profits. But the firm is also resented for a certain swagger.
Bernanke confirmation runs into resistance in Senate

Some key lawmakers in the Senate are saying they will vote against the Bernanke confirmation. The Fed chairman’s term expires at the end of this month.
Obama proposes fee on big banks. But who would really pay?

The bankers should pay, Obama says. But some think the money would come out of shareholders’ pockets, and others say the big banks would pass it along to consumers and businesses.
Dow loses 154 amid Dubai World woes, but it could have been worse

A sell-off on Friday drove Dow down 154 points, as traders took stock of postponed debt payment at conglomerate Dubai World.
The New Economy
Fed Beige Book: Economy tipping toward growth

In its Beige Book, the Fed sees US economy making 'modest improvements.'
Stocks rally on Fed's word that the economy is leveling off

Though problems remain for housing and jobs, the Fed's Open Market Committee sees further improvement in financial markets in recent weeks.
Is US poised to bail out another financial institution?

CIT is one of America’s largest lenders to small businesses. It also made many subprime mortgage loans and is now seeking US assistance.
Key change in accounting may boost banks' balance sheets

Under the new ‘mark-to-market’ rule, banks can consider the value of assets as if they are being sold in an orderly fashion, not in a distress sale.
Bernanke’s plan to tame Wall Street

Fed chief proposes a super-regulator to police and correct US financial system.
Why US keeps backstopping a flattened AIG

It pledges $30 billion more, amid insurance giant’s record losses.
Why banks still teeter, after $232 billion in aid

Losses on mortgage debt, followed by recession woes such as corporate bankruptcies and rising defaults on credit cards, delivered a one-two punch.
A scramble to unlock bank lending

US regulators are cranking out an array of options.
Postcrisis economy: calmer but slower

With no investment banks and tighter regulation, experts see a less dynamic recovery ahead.
How $700 billion Paulson-Bernanke plan may help house prices

Economists hope the proposed bailout will boost confidence and end the cycle of falling real estate values.
Will Fed begin to raise rates soon?

The Federal Reserve is expected to signal whether inflation is its top concern.
Are Fed rate cuts nearly over?

After a potential cut Wednesday, the central bank may pause to assess the economy.
Paulson outlines fix-it plan for credit crisis

Treasury secretary calls for tighter reins on financial markets as mortgage turmoil continues.
Fed's bold $200 billion move

The central bank's unusual cash infusion aims to keep banks lending.