President George Bush last week predicted that robust tax collections would cause the U.S. budget deficit to shrink to $205 billion this year, the third straight year of annual decline.
Category
U.S. Economy
Sen. Dirksen: Allow Me to Introduce You to Standard & Poor's
there are some problems within the U.S. economy and its accompanying financial system that are serious enough to merit ongoing vigilance – and that may require some of us to adjust our portfolios or our investment strategies.
Inflation Still The Fed's Main Concern
Despite an abysmal housing market and a timid stock market, inflation remains the chief concern of Federal Reserve Chairman Ben S. Bernanke.
Shareholders OK $11.9 Billion CBOT Deal
Shareholders for the Chicago Board of Trade approved plans for CBOT to join forces with longtime rival, the Chicago Mercantile Exchange, in an $11.9 billion merger. The deal ends CBOT's 159 years of independence, but that creates the world's largest exchange.
Dollar Hits 26-Year Low Against British Pound
The U.S. dollar skidded to a 26-year low against the British pound sterling
Fed Leaves Rates Unchanged, Says Inflation Outlook is Better
Fed Leaves Rates Unchanged, Says Inflation Outlook is Better
Global Investing: Has Wall Street Rigged the Game?
In the decades to come, the real money will be made through global investing. The fast-growing markets in Asia, Eastern Europe, Russia and parts of Latin America will emerge as key places to do business, and their companies will see their values soar.
Ethanol, Mileage Agreements Reached Despite Disagreements
The Senate last week approved a bill calling for a bigger use of ethanol, as well as the first boost in gas mileage requirements in several decades.
Blackstone Booms on Its First Day of Trading
Capitalizing on the private-equity wave, The Blackstone Group saw its shares soar in their IPO on Friday, even though the broader market skidded lower.
Consumer Debt: A Mixed Money Flow Message
Given recent news about the pronounced slowdown in the formerly blistering housing market – the marked spike in home-equity loan delinquencies has also been troublesome.