Federal Reserve Board
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SCENARIOS: What's at stake with trillion-dollar U.S. deficits
(Reuters) - President-elect Barack Obama has said trillion-dollar U.S. budget deficits could stretch into the coming years -- a prospect that some worry could wreak havoc on the dollar, interest rates and the country's top-notch credit rating. Full Article
TOPWRAP 8-German and U.S. job woes mount; Intel sales hit
* Germany posts first rise in jobless rate since Feb 2006 Full Article
FED FOCUS-Fed faces tough task ending emergency support
NEW YORK, Jan 7 (Reuters) - When U.S. central bankers eventually move to wean markets off the emergency support put in place to rescue the economy, they will face the difficult and delicate task of timing it right. Full Article
Pelosi warns stimulus must pass by mid-February
WASHINGTON (Reuters) - Congress must approve a sweeping economic stimulus package by mid-February or the United States will face a deepening crisis and more job losses, House Speaker Nancy Pelosi said on Wednesday. Full Article
UPDATE 3-Pelosi warns US stimulus must pass by mid-February
* Obama expects stimulus cost at "high end" of estimates (Adds details, background throughout) Full Article
U.S. 3-year Treasuries sale heightens bubble worries
NEW YORK (Reuters) - Signs of fraying demand for U.S. government debt on Wednesday, especially among foreign buyers, are adding to concerns of a bursting Treasury price bubble, with potentially huge consequences for the world's top economy. Full Article
NEXTUP-Dollar may shrug off Friday's goverment job report
NEW YORK, Jan 7 (Reuters) - The U.S. dollar can withstand further evidence of U.S. job losses at a break-neck pace and any positive surprise may spark a rally in the greenback. Full Article
Fed's Hoenig sees grim economy in first half 2009
KANSAS CITY (Reuters) - The U.S. economy is likely to contract through the middle of 2009, with signs of recovery possibly emerging as early as the third quarter, Kansas City Federal Reserve President Thomas Hoenig said on Wednesday. Full Article
Obama plans to keep Republican FDIC chair Bair: report
WASHINGTON (Reuters) - Democratic President-elect Barack Obama intends to retain Federal Deposit Insurance Corp head Sheila Bair, who has pushed for fast mortgage modifications, according to a report on Wednesday. Full Article
UPDATE 1-Obama plans to keep Republican FDIC chair Bair-WSJ
WASHINGTON, Jan 7 (Reuters) - Democratic President-elect Barack Obama intends to retain Federal Deposit Insurance Corp head Sheila Bair, who has pushed for fast mortgage modifications, according to a report on Wednesday. Full Article
