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  • Obama's chances to wind down Fannie and Freddie before November slipping away

    Hope for reforming Fannie Mae and Freddie Mac dims as Congress finishes up its business before the November elections, even as administration officials intensify the push to fix housing finance and boost home lending.

  • Asian stocks mostly down after Fed meeting

    SEOUL, South Korea (AP) — Asian stock markets mostly fell Thursday after the U.S. Federal Reserve increased its estimate for the level of the central bank's benchmark interest rate by the end of 2015, surprising investors who expected a slower pace of rate hikes. KEEPING SCORE: Hong Kong's Hang...

  • Treasury secretary promises executive action 'very, very soon' on inversions

    "Any company considering an inversion is now on notice that there is action that’s going to be taken,—� Lew said.

  • Correcting bad economics: Killing Ex-Im won't reduce exports by 2 percent

    Export-Import Bank defenders deploy worthless numbers on job creation, bogus profit claims, empty scare tactics about how Boeing will die, and now, spooky stories about significant drops in exports resulting from killing Ex-Im.

  • Census: Real household income peaked in 20th century

    American households are poorer now than they were when the 21st century began. Among householders who dropped out of high school as well as those who graduated from college, real median income has declined.

  • Federal Reserve keeps commitment to low rates

    The central bank's monetary policy committee maintained its promise that it would keep short-term interest rates near zero for a "considerable time" in its statement following a two-day meeting Wednesday.

  • US homebuilder confidence soars in September

    U.S. homebuilders' confidence in the market for new, single-family homes surged this month to the highest level in nearly nine years. The brighter outlook reflects growing optimism that sales will increase over the next six months. That could potentially spur growth in home construction, a key...

  • Tycoon's arrest sends shock wave through Russia

    MOSCOW (AP) — The arrest of a Russian telecoms and oil tycoon has sent shock waves through the country's business community, with some fearing a return to the dark days of a decade ago, when the Kremlin asserted its power by imprisoning the country's then-richest man and expropriating his...

  • Financial markets awaiting any Fed signal on rates

    WASHINGTON (AP) — Financial markets are awaiting the end of a Federal Reserve meeting Wednesday to see whether the Fed sends any clearer signal about the timing of an interest rate increase. The phrase that investors will be alert for is "considerable time." The presence or absence of those two...

  • US current account deficit dips to $98.5 billion

    WASHINGTON (AP) — The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings. The deficit in the current account shrank to $98.5 billion in the...

  • Inflation slows in August for third consecutive month

    The Bureau of Labor Statistics reported Wednesday that consumer prices rose 1.7 percent for the year ending in August. The Consumer Price Index fell at a 0.2 percent annual rate in August, adjusted for seasonal variation.

  • Tobacco pulls Left to defend states' rights

    Democrats and liberal activists have added a new argument to their litany of complaints against the Trans-Pacific Partnership; that an international trade deal being negotiated by the White House would hurt states' rights.

  • Asian stocks higher on China stimulus reports

    KUALA LUMPUR, Malaysia (AP) — Asian stock markets were mostly higher Wednesday, buoyed by reports that China is providing liquidity to major banks and hopes that the Federal Reserve will not speed up plans to raise interest rates. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.1 percent to 15,929.85...

  • Survey finds skepticism about trade's benefits

    WASHINGTON (AP) — Americans, Japanese and many Europeans aren't sold on the benefits of trade. But people in China and other developing countries are far more convinced that it delivers jobs and higher wages. That's according to a Pew Research Center international survey released Tuesday. The...

  • Navy prison redevelopment plan moving forward

    KITTERY, Maine (AP) — The Navy says it has received more than one proposal in its latest attempt to enlist the private sector to redevelop the Portsmouth Naval Shipyard's shuttered prison. It isn't saying much else, though, because the proposals are cloaked in secrecy. Tom Kreidel, spokesman...



From the Weekly Standard