By Joseph Lawler | 04/10/14 04:43 PM
India's top central banker criticized the Federal Reserve in two appearances in Washington on Thursday, saying that the U.S. central bank should take into consideration the impact of its monetary-easing programs on emerging economies like India's. Raghuram Rajan, a University of Chicago...
By Associated Press | 04/10/14 07:39 AM
The number of people seeking U.S. unemployment benefits dropped to the lowest level in almost seven years, falling 32,000 last week to a seasonally adjusted 300,000. The Labor Department said Thursday that the four-week average of applications, a less volatile measure, fell 4,750 to 316,250.
By Joseph Lawler | 04/09/14 05:25 PM
House Republicans are trying to recreate the success of the JOBS Act, two years after its passage. The Jumpstart Our Business Startups Act, intended to reduce capital costs for startups by deregulating some aspects of securities law, was one of the rare bipartisan legislative efforts of the...
By Brian Hughes | 04/09/14 04:18 PM
President Obama ripped Senate Republicans Wednesday for blocking a paycheck fairness bill, leveling charges against the GOP that will serve as the centerpiece of the Democratic 2014 campaign pitch. The Paycheck Fairness Act, which was designed to combat wage disparity between men and women,...
By Susan Ferrechio | 04/09/14 05:11 AM
Senate Republicans are poised to defeat a pay equity measure on Wednesday. The “Paycheck Fairness Act” is a key part of a new Democratic agenda that is focused on contrasting the Democratic Party with the GOP ahead of November elections.
By Joel Gehrke | 04/08/14 05:29 PM
House Democratic women on Tuesday contradicted a White House economist who said that the wage gap between men and women reflects different professional choices that women make, rather than workplace gender discrimination. "We're saying one thing: equal pay for equal work," House Minority...
By Joseph Lawler | 04/08/14 05:27 PM
The amount of cash banks are required to hold in case of an emergency is increasing, thanks to a rule that U.S. regulatory agencies finalized Tuesday. The Federal Reserve and other agencies voted to increase the supplementary leverage ratio for the eight largest U.S. banks, requiring that they...
By Associated Press | 04/08/14 03:41 PM
Stocks are closing higher as the market stabilizes after a three-day slump. Technology stocks rose after taking a beating over the past week.
By Brian Hughes | 04/08/14 12:55 PM
President Obama on Tuesday signed two executive orders on equal pay for women, using the event to mock Republicans as out of touch on the issue of paycheck fairness. “You'll hear all sorts of excuses -- they're childbearing, they're choosing to do this ... she was doing the same job,”...
By Joseph Lawler | 04/08/14 11:00 AM
Labor market churn picked up slightly in February, the Bureau of Labor Statistics reported Tuesday morning, but the pace of hiring and firing remains far below the levels that prevailed before the financial crisis that began six years ago. The number of job openings crossed the 4 million mark,...
By Joseph Lawler | 04/08/14 09:39 AM
The fate of the bailed-out mortgage businesses Fannie Mae and Freddie Mac likely won't be resolved for years, but at least two new advocacy groups are staking out positions in the looming battle over U.S. housing finance. One new 501c(4) organization, the Coalition for Mortgage Security,...
By Brian Hughes | 04/07/14 01:03 PM
The White House Monday hit back at suggestions that female employees at 1600 Pennsylvania Avenue earn less than their male counterparts, as President Obama readies two executive orders intended to close the wage gap between men and women.
By Brian Hughes | 04/07/14 08:00 AM
President Obama this week will devote much of his attention to the economy, holding multiple events on jobs before traveling to Texas to raise money for Democrats and attend a memorial service at Fort Hood. The White House spent most of last week trumpeting the more than 7 million Americans...
By Joseph Lawler | 04/07/14 06:36 AM
Finance and financial regulation will be main features this week in Washington. On Tuesday, officials at some of the biggest regulatory agencies, including the Federal Reserve and the Consumer Financial Protection Bureau, will testify before the House Financial Services Committee. The hearing,...
By Associated Press | 04/05/14 04:01 PM
President Obama says the Republican budget proposal would shrink opportunity and make it tougher for hard-working Americans to get ahead.
By Byron York | 04/22/14
By Byron York | 04/23/14
By Joel Gehrke | 04/22/14
By Ashe Schow | 04/23/14
By Ashe Schow | 04/23/14