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If the Yankees win the World Series the economy will have a nice bounce back in 2010 but if the Phillies prevail it will be a long slog to recovery, according to a Real Time Economics analysis of...
Amid criticism about the government’s handling of the financial crisis, two economists from the University of Chicago — a school not exactly known for its endorsement of government intervention...
Along with Thursday’s GDP report, the Department of Commerce offered an important clue to answering one of the biggest questions hanging over the U.S. economy: How quickly U.S. consumers can...
Mervyn King, governor of the Bank of England, says the solution to banks that are “too big to fail” is to have smaller banks. But Ben Bernanke, chairman of the U.S. Federal Reserve, says he...
U.K. gross domestic product contracted 0.4% in the third quarter from the second quarter, according to the first official reading. This dashed hopes of a return to positive growth, and marks the...
Sen. Chris Dodd (D., Conn.) today announced that Ben Bernanke’s reappointment hearing will be held on Dec. 3, the same day as President Barack Obama’s jobs summit, and said the Federal Reserve chairman’s confirmation isn’t necessarily a foregone...
Treasury Secretary Timothy Geithner said this week that hes working to put TARP out of its misery and the government will move one step closer to that goal on Saturday, when the deadline for banks seeking to access government funds expires.
After...
The number of workers fired in mass layoffs dropped for the second month in October, the Labor Department said Friday.
A total of 217,182 people lost their jobs last month as part of a mass layoff of at least 50 people, 30,824 fewer than the previous...
Thursdays shouting match between Treasury Secretary Timothy Geithner and lawmakers on the Joint Economic Committee raised eyebrows but Mr. Geithner isnt the first Treasury Secretary to find himself publicly sparring with a Senator.
In 2002,...
European Central Bank watchers have been buzzing in recent months about Bundesbank President Axel Weber as one of the potential successors to Jean-Claude Trichet in 2011.
Bundesbank President Axel Weber. (AFP/Getty Images)
Webers appearance on a...
