By Joseph Lawler | 12/12/13 03:39 PM
The Federal Reserve struck a blow Thursday in favor of the dollar bill, saying that replacing it with a coin would lose the government money and raise costs for businesses. In past years, some lawmakers, such as Sens. Tom Harkin, D-Iowa, and John McCain, R-Ariz., have introduce bills to phase...
By Brian Hughes | 12/12/13 02:52 PM
President Obama will meet with a group of new mayors at the White House Friday to discuss ways to boost economic growth in their cities. White House press secretary Jay Carney said the president would “discuss ways in which the Obama administration can serve as an active partner in job...
12/12/13 09:52 AM
Business inventories increased 0.7 percent in October, the Commerce Department said Thursday. That follows a 0.6 percent gain in September. Sales rose 0.5 percent, above a 0.3 percent gain the previous month.
By Scott Sonner | 12/12/13 09:37 AM
RENO, Nev. — Governors in 16 states are unveiling a high-tech wildlife habitat mapping project they hope will encourage economic development across the West while protecting the region's environmental treasures from Puget Sound to the Rocky Mountains. The Western Governors' Association wants...
12/12/13 09:36 AM
More than 2 million unemployed Americans are at risk of losing their jobless benefits over the next three months. That threatens to undermine the unemployment rate as an anchor for future Federal Reserve action.
By Josh Boak | 12/12/13 09:28 AM
The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year. The surge in first-time applications could be a troubling sign if it lasts.
By Joseph Lawler | 12/11/13 03:00 PM
Former Bank of Israel governor Stanley Fischer is President Obama's top choice for vice chairman of the Federal Reserve, according to numerous reports. It was first reported on Israeli television Wednesday afternoon that the White House favored the 70-year-old dual citizen of the U.S. and...
By Associated Press | 12/11/13 11:02 AM
A leading congressional deficit hawk says a bipartisan budget agreement hammered out on Capitol Hill is mostly a patch-work approach that fails to address wasteful spending that is contributing to a ballooning federal debt. Republican Sen. Tom Coburn of Oklahoma says the accord announced by...
By Bloomberg News | 12/11/13 10:23 AM
Treasuries ended a three-day advance amid speculation a U.S. budget agreement will support the economy and make it easier for the Federal Reserve to start reducing bond purchases.
12/11/13 10:13 AM
Rising shale-oil output increased domestic production to a 24-year high, helping shield the U.S. from interruptions in supply from Libya, Iraq and Iran.
By Paul Bedard | 12/12/13
By Philip Klein | 12/11/13
By Charles Hoskinson | 12/12/13
By David Freddoso | 12/12/13
By Brian Hughes | 12/12/13