Columns

Federal Reserve chairman Ben Bernanke faced withering criticism from Republican senators James Bunning and Richard Shelby, as well as Democratic Senator Christopher Dodd, today at his re-confirmation hearing for another four years as head of the U.S.central bank.

There's been enough budget tricks to avoid puffing out the deficit in the Senate health care bill to stuff a magician's hat full. But one budgetary piece of legerdemain trumps the rest.

When the housing bubble burst, it flattened investor portfolios across the country. From the start of 2008 to the spring of this year, the economic crisis has knocked $30 trillion off the value of global shares and $11 trillion off the value of homes, says Goldman Sachs.

Exclusive: John Mack, who is giving up the reins after a storied and at times controversial career at Morgan Stanley, revealed some surprising facts about himself at a company retirement party.  

The shortened-week between Christmas and New Years is typically a slow one, but a good one, for the stock market.

This is the last full trading week of 2011, and it’s been a good one.

The Dow Industrials are up 2.5% this year, but the Nasdaq and the S&P 500 are lower. Still, there is hope for a Santa Claus rally.

S&P’s warning of a downgrade to the credit ratings of 15 nations in the euro zone will get worse if the European leaders don't hammer out a grand plan by Friday’s big summit in Germany.  Evolution of Europe's Debt Crisis  |  S&P May Cut Rating on Europe's Bailout Facility

The Obama Administration has finally found something it can agree on with the nation’s big banks: The need for the 50 state attorneys general to finally reach a deal to end the year-long investigation into faulty mortgage foreclosure practices and reach a long-awaited settlement, the FOX Business Network has learned.

Exclusive: The mortgage and foreclosure settlement between state attorneys general and the nation's banks is likely to expand outside the top five mortgage servicers.

State and local government pension funds saw a nearly 23% drop in the value of their assets in 2009 as the U.S. economy struggled to get out from under the Great Recession, the Census Bureau says.

A new study by the Rand Corp. shows that free-market alternatives to President Barack Obama’s health reform may have an impact on bringing health costs down.

Despite S&P's warning that it was about to downgrade the U.S. sovereign debt in August, big Wall Street bond trading desks lost money trading Treasury bonds in the third quarter.

We told you two years ago a new health insurance program in health reform was unsustainable. Now the administration agrees, and has pulled the plug on it.

The White House’s updated "Home Affordable Refinance Program" may not be all it's cracked up to be. 

FBN's Elizabeth MacDonald says a flat tax could help the U.S. economy if special interests would allow it to have a chance.

Moody's warns California's revenue collections are falling short under Democrat Gov. Jerry Brown's new budget.

The White House doesn't support repeal of a new long term care insurance program in health reform. But the language of the health reform law curtailing this new program is another thing.

Look under the hood of bank earnings releases and you’ll see the banks are booking outsized paper gains in the third quarter from an accounting trick that’s legitimate under current rules.

How did Wall Street have a good idea that Morgan Stanley would post solid third-quarter earnings while Goldman Sachs would post its second quarterly loss since going public?