Obama's Small Biz Push
Airtime: Thurs. Aug. 19 2010 | 12:15 PM ET
President Barack Obama encourages passage of the small business bill, which is currently stalled in Congress.
Airtime: Thurs. Aug. 19 2010 | 12:15 PM ET
President Barack Obama encourages passage of the small business bill, which is currently stalled in Congress.
Michael Swenson, managing director in the structured products group at Goldman Sachs, delivers his opening statement before a Senate panel that alleges Goldman profited from the housing meltdown and made billions at the expense of clients.
The fight is now between Republicans and their deficit-cutting policy and the Fed and its stimulus policy, reports CNBC’s Eamon Javers.
Discussing whether there is a second half slowdown in the market, with John Rutledge, former Reagan economic advisor; Peter Navarro, UC Irvine business professor and Peter Morici, University of Maryland.
“Russia has growth and Russia has money and Europe has neither,” Kingsmill Bond from Troika Dialog told CNBC Tuesday. “Russia has the capacity to support Europe clearly with its cash,” he added.
Parsing Goldman’s quarterly results with Ed Najarian, of ISI, and Brad Hintz, of Bernstein Research.
Ngozi Okonjo-Iweala, managing director of World Bank, forecasts developing countries will grow 6% in 2010, twice the rate of developed countries. She speaks to CNBC’s Chloe Cho about the imbalances in global growth.