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  • 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...

  • Advocates: New York is leader for migrant children

    NEW YORK (AP) — New York state is a national leader in helping thousands of unaccompanied migrant children who have fled Central America for the United States, but more funding is needed to give them a normal life, advocates told state legislators Tuesday. Organizations that provide shelter,...

  • Coast leads Miss. in urban economic growth in 2013

    JACKSON, Miss. (AP) — The economy along Mississippi's Gulf Coast grew rapidly in 2013, while growth slowed in the state's other metropolitan areas. The figures, released Tuesday by the U.S. Commerce Department, show that gross domestic product expanded by 4 percent in the...

  • New HUD chief: Mortgage credit too tight

    In one of his first speeches as secretary of Housing and Urban Development, Julian Castro joined other members of the Obama administration in warning that it now is too difficult to qualify for a home loan.

  • Foreign holdings of US Treasury securities dip

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities trimmed their holdings in July after hitting a record level in June. The two biggest purchasers, China and Japan, both cut back. The Treasury Department said Tuesday in its monthly report that foreign holdings dipped 0.3 percent in...



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    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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