President Barack Obama on Friday urged CEOs of some of the nation's biggest banks to deal with bad assets that have made it difficult for them to lend money to businesses and consumers.
President Barack Obama says lobbyists pushing for projects in the stimulus package can't utter a word about them to administration officials.
Commercial banks lost $9.2 billion trading derivatives during the fourth quarter as the credit crisis intensified, according to a report released Friday by the Office of the Comptroller of the Currency.
Ndiyo Tunaweza! That's Swahili for "Yes We Can," President Barack Obama's signature campaign line that became just as ubiquitous in his father's native Kenya as it did in the United States.
Stocks are retreating in early trading as investors cash in some of this month's big gains.
The government says consumers increased spending for a second straight month in February even though their incomes slipped due to continuing massive layoffs.
More states logged double-digit unemployment rates in February, with North Carolina and Rhode Island seeing their rates hit record highs.
President Barack Obama wants to hear from the chief executives of some of the country's biggest banks as he caps a week in which he clarified his overall plan for stabilizing the financial system.