Bernanke sees signs of economic stability

NEW YORK (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the latest figures on housing and consumer spending suggest a rapid contraction in the economy could be easing. Continue….

Obama to tap Fannie Mae CEO to head TARP

The Obama administration is expected to name Fannie Mae Chief Executive Herb Allison to head the U.S. government's $700 billion financial rescue program, a source familiar with the matter said on Monday. Continue….

Recovery in U.S. GDP seen delayed to Oct

The U.S. economy is expected to take an additional three months before it starts to recover this October, the federal Energy Information Administration said on Tuesday in its revised forecast. Continue……