Bernanke Says He Was Reluctant On 2008 AIG BailoutFormer Federal Reserve Chairman Ben Bernanke etched a portrait Friday of his initial reluctance to have the central bank rescue American International Group Inc. in 2008. But he ultimately came to believe the $85 billion bailout loan to the company was needed to avert a shock to the financial system.
Federal Regulators Set Rules For Big Banks To Prevent Future CrisisFederal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under the congressional mandate to lessen the likelihood of another financial meltdown.
Ron Paul: 'End Torture, Shut Down The CIA!'Former congressman and libertarian leader Ron Paul is calling for the abolishment of the CIA, citing “horrific torture practices” and interrogation policies that have been continuously denied by the government while creating “unprecedented” international resentment toward the U.S.
US Appeals Court Upholds Fed Cap On Card 'Swipe Fees'A federal appeals court has handed a defeat to a coalition of retail groups that challenged as too high the Federal Reserve's cap on how much banks can charge businesses for handling debit card transactions.
'I Want People To Understand What We Knew': Former Fed Chair Bernanke Writing MemoirBen Bernanke, who stepped down last month after eight years as chairman of the Federal Reserve, is planning a memoir.
Yellen Sworn In As First Female Fed Chair During Brief CeremonyJanet Yellen has been sworn in to succeed Ben Bernanke, becoming the first woman to lead the Federal Reserve in its 100-year history.
Bernanke: 2014 Could Be Better Year for U.S. EconomyFederal Reserve Chairman Ben Bernanke said Friday that factors which have kept the economy from accelerating appear to be abating, and he predicted stronger growth in 2014.
US Household Wealth Reaches Record All-Time High Of $77.3 TrillionAmericans' wealth reached an all-time this summer, buoyed by record-setting stock prices and a healthy recovery in home values.
Senate Dems Ready To Muscle Through Obama's Nominees For Federal Reserve, Homeland SecurityFresh from shackling the traditional blocking ability of the Senate's minority party, Democrats are ready to muscle through President Barack Obama's nominees for pivotal judgeships and other top jobs.
Senate Panel Advances Yellen's Bid to Lead Federal ReserveA Senate panel has advanced Janet Yellen's nomination to lead the Federal Reserve, setting up a final vote in the full Senate.
Greenspan: Debt Fight is 'Shock to the System'Alan Greenspan tells CBS News Congress is jeopardizing trust in the American economy, and in the U.S. dollar.
New $100 Bill Has Ink Well, More Color, 3-D A glitzier, high-tech version of America's $100 bill is rolling off the presses and headed for wallets soon.