Obama says he is confident of turnaround, meets CEOs
President Barack Obama said he is confident that the economy can be reinvigorated, starting with the passage of a stimulus package, after meeting with the chief executive officers of some […]
Bernanke tells it like it is, some don’t listen
This may be as close as we’re going to get to a Fed chairman labeling some in Congress as irresponsible. Sure, Federal Reserve Chairman Ben S. Bernanke was typically careful […]
Obama becomes banker-in-chief in credit market freeze
The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks […]
Obama, not Congress, will drive nation’s agenda
Some American business executives and Republican politicians, cautiously optimistic or in some cases dismissive about Barack Obama, still have their Washington villains: Nancy Pelosi and Harry Reid. They argue that […]
Obama says recession requires scaling back promises
President-elect Barack Obama said reviving the U.S. economy will require scaling back on his campaign promises and personal sacrifice from all Americans. “I want to be realistic here, not everything […]
Tax on hope chills next generation of investors
To a lot of investors, 2009 looks like twilight at the bottom of the ski run. Ahead is the icy walk down to the parking lot and the challenge of […]
Obama, Democrats see need for speed from new Congress
A new Congress with strengthened Democratic majorities convenes tomorrow with one overriding goal: speed. House Speaker Nancy Pelosi and other congressional leaders met behind closed doors this week with President-elect […]
Banks’ ‘catatonic fear’ means consumers don’t get relief
As the new owner of $172.5 billion of preferred shares and warrants in 208 U.S. financial institutions, the Treasury Department hasn’t succeeded in thawing frozen credit markets, leaving taxpayers propping […]
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