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  • Banks spend 37 mil hours on paperwork

    "When you're talking about millions of hours wasted filling out forms, and hundreds of forms you can't submit online, it's sort of shocking," said the study's author, AAF director of regulatory policy Sam Batkins.

  • What's PayPal's first solo move?

    NEW YORK (AP) — PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger Apple Pay. For eBay, the challenge will be how to drive revenue without...

  • Fannie, Freddie lawsuit thrown out

    A federal judge on Tuesday dismissed a lawsuit by investors in Fannie Mae and Freddie Mac against the federal government.

  • Few signs of progress as Obama meets India's Modi

    WASHINGTON (AP) — President Barack Obama showered praise on India's new prime minister in an Oval Office meeting Tuesday that sought to infuse new energy into the two countries' sluggish relationship. Yet for all the pomp and pageantry, there were few signs that Obama and Narendra Modi had...

  • 3.6 million have lost unemployment insurance, Democrats say

    More than 3.6 million people have lost unemployment insurance benefits through September, according to a new report from House Democrats who want to renew the insurance program that Congress let expire in December.

  • Obama to visit black-owned Indiana steel supplier

    EVANSVILLE, Ind. (AP) — President Barack Obama's visit to southwestern Indiana will include a stop at a minority-owned steel processor to discuss steps his administration has taken to help in restore the economy, the White House said Tuesday. Obama will visit Millennium Steel Service LLC near...

  • US stocks meander in afternoon trading

    NEW YORK (AP) — The stock market flipped between slight gains and losses on Tuesday, keeping the Standard & Poor's 500 index on course for its third monthly drop this year. Ford Motor sank after cutting its profit forecast, while eBay jumped after announcing plans to spin off PayPal. Oil prices...

  • Carl Levin touts European finding that Apple got favorable tax deal from Ireland

    As head of the Senate Permanent Subcommittee on Investigations, the Michigan senator has led inquiries into the possibility that multinational corporations have located divisions of their business in low-tax jurisdictions like Ireland to reduce their global and U.S. tax bills.

  • Summers: Treasury undid one-third of Fed's bond-buying stimulus

    While the Federal Reserve has been trying to boost the economy by buying trillions of long-term government bonds, the Treasury Department has been undercutting its efforts by issuing more long-term securities, according to a new report.

  • New trial will shine light on 2008 bailout of insurance giant AIG

    Mark Calabria, the director of financial regulation studies at the Cato Institute, said, "I suspect the suspicion that AIG was assisted to help its counter-parties will be reinforced. I suspect we will also learn that the regulators were making Žit all up as they went along."

  • Asian stocks mostly lower after US declines

    BANGKOK (AP) — Asian stocks were mostly lower Tuesday after Wall Street's losses overnight and pro-democracy protests in Hong Kong, a major financial center, added to worries about political risk. KEEPING SCORE: Hong Kong's Hang Seng Index tumbled 1.2 percent to 22,945.80 points after...

  • Ryan hoping for 'singles and doubles' if Republicans win control of Senate

    Republicans may not be able to hit home runs if they take over the Senate in November, but Paul Ryan says he hopes his party can hit singles and doubles when it comes to spending and taxing.

  • VIDEO: Biden announces $450 million in job training grants

    Vice President Joe Biden, joined by Secretary of Education Arne Duncan and Secretary of Labor Thomas Perez, announced the winners of $450 million in job training grants.

  • Student loans may drag down economy for years

    Soaring levels of student loan debt are not only burdening recent graduates but have created entire generations that aren't able to save and invest, potentially hurting long-term economic growth.

  • US consumer spending up 0.5 percent in August

    WASHINGTON (AP) — Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year. Consumer spending in August rose 0.5 percent from the previous month after showing no gain in July, the Commerce...



From the Weekly Standard

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  • Another Fight Obama Shirks

    When it comes to military actions, President Obama likes to declare the end of wars, regardless of whether America’s opponents agree that is the case. When it comes to economic wars, he has no...

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  • Second Time’s a Charm?

    Voters in Connecticut’s gubernatorial election this November will face a familiar choice as Republican Tom Foley squares off against Democrat Dan Malloy. Four years ago, in a nail biter for what...

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