The Fed and Treasury

Budget Battles

  • The Income Gap: A New Look at an Age-Old Problem

    By Merrill Goozner, The Fiscal Times

    Noted University of Texas economist James K. Galbraith has written and edited a new book called “Inequality and Instability: A Study of the World Economy Just Before the Great Crisis,” which says...

  • Debt-Laden U.S. Ducks Euro Bailout Fund

    By Merrill Goozner, The Fiscal Times

    The U.S., the world largest debtor, won’t be contributing to efforts to bolster the International Monetary Fund’s capacity to “backstop” the European Central Bank in case individual members of the...

  • Fed Official Cautious on Recovery

    By WALTER BRANDIMARTE, Reuters

    Regardless of possible weather-related effects, economic activity is still not expanding quickly enough to reduce the slack in the economy, Dudley stressed. He estimated U.S. gross domestic product...

  • Bernanke: Banks Need Bigger Capital Buffer

    By PEDRO NICOLACI DA COSTA, Reuters

    Federal Reserve Chairman Ben Bernanke said on Monday banks need to have more capital at hand in order to ensure the financial system is stable.

  • Stimulus Fraud and Weak Jobs Pose Threat to Obama

    By Eric Pianin

    Almost from the time it was enacted, the Obama administration’s $825 billion economic stimulus program has been under siege by critics who claim it wastes federal funds without creating meaningful or...