Fed Chairman Ben Bernanke thrust the words”fiscal cliff” into public discourse, but shouldn’t be credited with creating the term. Business and financial news – CNNMoney.com
U.S. stocks ended mixed Thursday, trimming gains from earlier in the day, as comments from Ben Bernanke tempered hopes for immediate stimulus by the Federal Reserve. Business and financial news – CNNMoney.com
It has been more than three years since then Treasury Secretary Henry Paulson fired his famous metaphorical bazooka and the federal government seized control of mortgage agencies Fannie Mae and Freddie Mac. Business and financial news – CNNMoney.com
The S in S&P stands for Standard. But it might as well be Scrooge if the credit rating agency goes ahead and downgrades the sovereign debt of France and other European nations in the next few days. Business and financial news – CNNMoney.com
The Federal Reserve has pretty much pulled out all the stops to try and keep the U.S. (and some would argue global) economy from collapsing. Business and financial news – CNNMoney.com
The Federal Reserve is essentially asking big Wall Street banks to estimate how much they will lose in case a plague of locusts descend on Europe and the United States. Business and financial news – CNNMoney.com