By Joseph Lawler | 09/12/14 07:45 PM
"[The pension agreement] was pretty much his signature accomplishment. Now that agreement, that reform is in tatters. It has basically blown up," said Gordon MacInnes, a former Democratic official.
09/13/14 12:30 PM
MILAN (AP) — European finance ministers agreed Saturday on the necessity of leveraging private investments with urgent structural reforms to relaunch the continent's moribund economy. The ministers focused on a proposal by Jean-Claude Junkers, incoming president of the European Commission, for...
09/12/14 05:45 PM
NEW YORK (AP) — The prospect of rising interest rates sent the stock market to its first weekly loss since early August. The Standard & Poor's 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The index was down 1.1 percent for the week. Declines were led by utility...
By Joseph Lawler | 09/12/14 04:33 PM
The Federal Reserve is taking new steps to guard against again being caught by surprise by threats to the financial system.
09/12/14 04:30 PM
BATON ROUGE, La. (AP) — First-time claims for unemployment insurance in Louisiana for the week ending Sept. 6 decreased from the previous week's total. The state labor department figures released Friday show the initial claims decreased to 1,961 from the previous week's total of 2,237. For the...
09/12/14 04:15 PM
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
By Timothy P. Carney | 09/12/14 12:57 PM
An underappreciated aspect of inflation, in my view, is how it allows real wages to fall.
By Joseph Lawler | 09/12/14 11:41 AM
"They're preparing to act and they'll act as soon as they're ready," said Rep. Sander Levin, the ranking Democrat on the House Ways and Means Committee, which has jurisdiction over tax issues.
09/12/14 11:30 AM
MILAN (AP) — Eurozone finance ministers on Friday said they were willing to help the European Central Bank in its plan to save the economy. How much they can do in practice, however, remains unclear. The ministers met for the first time since ECB President Mario Draghi sketched out this month...
09/12/14 11:15 AM
WASHINGTON (AP) — Auto buying drove U.S. retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer spending. The Commerce Department said Friday that seasonally adjusted retail sales rose 0.6 percent compared with the prior month. Sales are...
09/12/14 11:15 AM
WASHINGTON (AP) — The United States hit Russia Friday with a new round of economic sanctions, levying penalties on Russia's largest bank and expanding financing restrictions on major energy and defense companies. The sanctions were imposed in coordination with the European Union, which unveiled...
09/12/14 11:00 AM
WASHINGTON (AP) — Stockpiles held by U.S. businesses rose by a moderate amount in July while sales increased at the fastest pace in three months. Stockpiles increased 0.4 percent in July, the Commerce Department reported Friday. That was the same increase as in June. Sales increased 0.8...
By Brian Hughes | 09/12/14 10:12 AM
The Obama administration Friday announced new penalties against Russia's largest bank and expanded sanctions on the nation's energy and defense sectors, pledging additional economic punishment if Russian President Vladimir Putin continues his incursions in Ukraine.
By Zack Colman | 09/12/14 09:13 AM
Republican Gov. Brian Sandoval signed legislation late Thursday. Nevada beat out Arizona, New Mexico, Texas and California for the "gigafactory," as it's known. It's projected to bring 20,000 jobs and $100 billion to the economy in 20 years.
09/11/14 11:45 PM
HONG KONG (AP) — Japanese stocks pushed higher on Thursday as the yen sank further against the dollar while other Asian benchmarks struggled for direction after a mixed close on Wall Street. KEEPING SCORE: Japan's Nikkei 225 rose 0.4 percent to 15,966.71, underpinned by the weakening yen which...
By Byron York | 09/14/14
By Timothy P. Carney | 09/12/14
By Ashe Schow | 09/11/14
By Byron York | 09/10/14
By Luke Rosiak | 09/14/14