Alan Greenspan | featured news

Arnold Schwarzenegger has a book deal. The bodybuilder, actor, former California governor and estranged husband of Maria Shriver has an agreement with Simon & Schuster to publish a memoir in October 2012. According to Simon & Schuster, the book's working title is "Total Recall: My Unbelievably True Life Story." Schwarzenegger is collaborating with Peter Petre, who has worked on best sellers by former Federal Reserve Chairman Alan Greenspan and Gen. Norman Schwarzkopf. Schwarzenegger began the book last year.

A deeply divided U.S. investigative panel issued a scathing critique of the culture of deregulation championed by Former Federal Reserve Chairman Alan Greenspan, saying the government had ample power to avert the financial crisis of 2007-2009 and chose not to use it.

The former chairman of the Federal Reserve said keeping the cuts would drive up borrowing costs and could lead to another financial crisis.

The U.S. economy will grow more than expected in the third quarter, but unemployment also will continue to increase and will pass 10 percent, former Federal Reserve Chairman Alan Greenspan said Sunday.