The Fed and Treasury

Budget Battles

  • Fed to Keep Interest Rate Near Zero for 2 Years

    By Martin Crutsinger

    The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought with increasing risks.

  • S & P to America: Ashes, Ashes, All Fall Down

    By Suzanne McGee, The Fiscal Times

    First the U.S. was put on watch, then on warning. Finally, Standard & Poor’s dropped the other shoe by downgrading the U.S. credit rating-- and the floor caved in.

  • The Fed’s Last Few Bullets--Will Bernanke Take Aim?

    By James C. Cooper, The Fiscal Times

    Stock losses have wiped out some 2 trillion in household wealth. The economy has grown only 1.6 percent over the past year. Core inflation was 2.1 percent last quarter, above the Fed's comfort zone...

  • Obama Persuades Geithner to stay at Treasury

    By Martin Crutsinger

    Timothy Geithner has told President Barack Obama that he will remain on the job as Treasury secretary, ending speculation he would leave the administration.

  • Greenspan Sees Stock Market Drop

    By ASSOCIATED PRESS

    WASHINGTON (AP) — Former Federal Reserve Chairman Alan Greenspan says he expects the stock market slide to continue in the wake of a decision by credit rating agency Standard & Poor's to...