If the agreement between congressional Republicans and President Obama is ratified, Pimco, which manages the world's largest bond fund, says the stimulative measure will contribute much to economic growth -- and to the deficit.
The Senate failed to pass a bill that would have extended tax cuts for all but the richest Americans on Saturday, falling nine votes short of the two-thirds majority needed. This means that all tax cuts will likely be extended.
President Barack Obama's children's book, "Of Thee I Sing," has become the fastest-selling picture book in Random House's history. Released a week ago, the book sold 50,000 copies in its first five days.
White House National Economic Council Deputy Director Diana Farrell and Treasury Department Assistant Secretary for Financial Institutions Michael Barr are planning to step down in the coming weeks -- the latest in a series of departures from Obama's economic team.
You might think Yale economics professor William C. Fair is a bit crazy. After all, he's predicting that President Obama will cruise to reelection in 2012. However, Fair has a good track record of predicting presidential outcomes based on his economic model.
Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts -- due to expire at the end of the year -- for America's wealthiest taxpayers. Now, he says he's willing to compromise.
Now that midterm elections are over, President Barack Obama and Republicans have promised to work together. But how long will the spirit of cooperation last? One of the first big tests will be whether Congress can raise its debt ceiling early next year.
The noted economist writes in a Financial Times editorial that Obama did plenty to stave off a depression. But his administration is already too timid about further stimulus, and once the GOP gains power in Congress, the policy prescriptions will become even more feeble.
President Barack Obama talked turkey with Apple CEO and founder Steve Jobs on Thursday, covering a wide range of topics from American competitiveness to job creation, according to a Reuters report.
After the midterm elections in November, Summers is expected to relinquish his role as President Obama's National Economic Council director and return to Harvard University.
A widespread push for fiscal discipline is "the right policy at the wrong time," the famed investor said Wednesday.
Speaking in Cleveland, President Obama laid out the details of his plan to boost the economic recovery: $50 billion for infrastructure spending; a $100 billion R&D tax credit; and $200 billion to induce U.S. companies to make capital improvements now rather than later.
From history and economics to crime novels and biographies, whatever book the president touches -- and talks about -- turns into sales gold. Americans are very clearly interested in whatever the president is reading, and they're buying accordingly.
Companies involved in researching medical techniques using stem cells saw shares tumble across the board Tuesday, a day after a federal court ruled to block government funding for stem cell research.
Positive trends in job creation, layoffs and unemployment indicate that the current economic recovery started sooner and is progressing faster than the previous two recessions.
To build or not to build an Islamic center near Ground Zero: that is the question that grips New York -- and the much of the country. Is it an insult to those lost on 9/11, or evidence to the world that the U.S. really stands for freedom of religion?
The departure of Christina Romer as chair of President Obama's Council of Economic Advisers ought to prompt a rethink of U.S. economic policy -- but it won't, even though Friday's jobs numbers showed tepid progress on creating jobs for the millions put out of work by the recession.
The future of the government-backed mortgage finance giants Fannie Mae and Freddie Mac, which critics have accused of exacerbating the meltdown in the U.S. housing market, will be discussed next month at a conference sponsored by the U.S. Department of Treasury.
Anyone eagerly awaiting a world in which all content is paid content would do well to observe Rolling Stone's clumsy handling of its General Stanley McChrystal blockbuster.
The Gulf oil spill and the unemployment picture have caught up to President Obama's poll ratings. According to a New York Times/CBS News survey, 54% of the public believes the president has no clear plan for job creation; only 34% of respondents say that he does.
President Obama's Budget Director Peter Orszag will leave his job within weeks, according to a number of media reports. A replacement has yet to be named, but his successor will face a big job ahead.
The president's latest reactions to the BP oil spill have the media agog about his use of a "naughty word." But it's long past time for cranking up the rhetoric. It's time for Obama to crank up his energy level -- and lead like he's seemingly capable of doing.
When Obama took his push for financial reform to New York's Cooper Union College Thursday, he was preaching to the choir. After saying "this plan would enact the strongest consumer financial protections ever," the crowd went wild. The few protesters actually on the scene didn't seem well organized.
