By Joseph Lawler | 12/05/13 11:26 AM
Treasury Secretary Jack Lew declared victory in ridding the financial system of banks that are too big to fail Thursday morning, following up on a promise he made earlier in the year to ensure that no banks remained in a position to receive taxpayer bailouts if they collapse. In a speech at...
12/05/13 11:00 AM
WASHINGTON (AP) — Creative industries led by Hollywood account for about $504 billion, or at least 3.2 percent of U.S. goods and services, the government said in its first official measure of how the arts and culture affect the economy. On Thursday, the U.S. Bureau of Economic Analysis and...
By Associated Press | 12/05/13 10:19 AM
The price of oil edged higher above $97 a barrel Thursday as investors reacted to a drop in U.S. stockpiles, but concerns of oversupply in the Middle East capped gains.
By Bloomberg News | 12/05/13 10:05 AM
U.S. companies could encounter higher borrowing costs under a congressional tax plan that would reverse a 29-year-old policy making it easier for other countries’ residents to invest in U.S. corporate debt.
By Bloomberg News | 12/05/13 09:30 AM
The mini-boom in Bitcoin software for smartphones is making it easier for consumers to use the virtual currency in place of cash for quick transactions, such as paying for food or splitting a bill. The widening appeal of the digital money is also fueling a rally that has lifted Bitcoins to record...
By Associated Press | 12/05/13 06:31 AM
Creative industries led by Hollywood account for about $504 billion, or at least 3.2 percent of U.S. goods and services, the government said in its first official measure of how the arts and culture affect the economy.
12/04/13 07:15 PM
WASHINGTON (AP) — President Barack Obama prodded Congress to raise wages and secure the social safety net as he issued an overarching appeal Wednesday to correct economic inequalities that he said make it harder for a child to escape poverty. "That should offend all of us," he declared. "We...
12/04/13 02:45 PM
WASHINGTON (AP) — A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November. The Fed said seven of its 12 banking districts described growth as...
By Byron York | 12/04/13 01:27 PM
President Obama used a speech at a liberal think tank in Washington to declare that he will focus all of his administration's efforts in his remaining three-plus years in office on the task of reducing inequality in America. Speaking at an event sponsored by the Center for American Progress,...
By Meghashyam Mali | 12/04/13 01:07 PM
President Obama on Wednesday said the U.S. economy has become “profoundly unequal” and pressed for policies he said would halt growing income inequality and limited economic mobility. “I believe this is the defining challenge of our time — making sure our economy works for every...
By Philip Klein | 12/05/13
By Richard Pollock | 12/06/13
By Michael Barone | 12/06/13
By Timothy P. Carney | 11/26/13
By Susan Crabtree | 12/06/13