Lawrence Summers, President Barack Obama's closest economic adviser, broke a long public silence Friday, asserting that today's economic problems stem from an unsustainable financial model and defending heavy deficit spending as a necessary evil to restore the economy. ...more

March 14, 2009

Turning more upbeat, President Barack Obama said Friday his administration is working to create a "post-bubble" model for solid economic growth once the recession ends. He said that means the days of overheated housing markets and "people maxing out on their credit cards" are over. ...more

March 14, 2009

Turning more upbeat, President Barack Obama said Friday his administration is working to create a "post-bubble" model for solid economic growth once the recession ends. He said that means the days of overheated housing markets and "people maxing out on their credit cards" are over. ...more

March 13, 2009

The Senate on Monday confirmed New York Federal Reserve Bank chief Timothy Geithner as President Barack Obama's treasury secretary despite tax problems that might have sunk his nomination in less desperate times. ...more

January 26, 2009

"Lords of Finance: The Bankers Who Broke the World," by Liaquat Ahamed (The Penguin Press, $33) ...more

January 25, 2009

With the economy in crisis, President-elect Barack Obama urged the new Congress to pass a quick economic stimulus bill, pledged help for the troubled auto industry and blessed the Bush administration's bailout of the financial industry. ...more

November 24, 2008

Eager to calm economic anxieties, President-elect Barack Obama is rolling out an economic vision that will require congressional cooperation even before he settles into his new desk in the White House's Oval Office. ...more

November 24, 2008

President-elect Barack Obama moved swiftly on Thursday to fill his administration and form his response to the economic crisis. He scheduled his first post-election visit to the White House and convened an economic advisory board to meet here amid signs of a deteriorating financial outlook. ...more

November 7, 2008

The next president's choice of a treasury secretary may well be the most important appointment he'll make - someone to grab the reins of a trillion-dollar-plus program to shore up the world's largest economy, probably in the middle of a severe recession, and at the right hand of a chief executive who'll be a rookie himself. ...more

October 20, 2008

Sixteen years after Barbie dolls declared "Math class is tough!" girls are proving that when it comes to math, they are just as tough as boys. ...more

July 25, 2008