By Joseph Lawler | 12/18/13 02:43 PM
The Federal Reserve began winding down its unprecedented efforts to stimulate the economy through quantitative easing Wednesday, capping months of speculation about the timing of the “taper” of its open-ended monthly bond purchases. The Federal Open Market Committee, the Fed’s monetary...
12/18/13 10:24 AM
Congress is on the verge of doing something it hasn't done during three years of partisan warfare: Passing a budget deal that won't likely hurt the economy. The two-year spending plan the Senate is expected to approve Wednesday all but removes the threat of another government shutdown like the...
12/18/13 09:57 AM
Detroit’s bankruptcy judge accused Michigan officials of choosing to “waste court time and attorneys fees” by delaying consideration of a $350 million loan the city says it needs to settle swaps contracts.
12/18/13 09:28 AM
The Commerce Department said Wednesday that developers began construction on houses and apartments in November at a seasonally adjusted annual rate of 1.09 million. That's 23 percent more than October's pace of 889,000 and the fastest since February 2008, just a few months after the recession began.
By Joseph Lawler | 12/18/13 05:19 AM
Federal Reserve governors and regional bank presidents, in Washington for a monetary policy meeting, are wrestling with the question of the "taper" — whether to scale back the open-ended $85 billion monthly bond program they initiated last December. Chairman Ben Bernanke at the end of 2012...
By Associated Press | 12/17/13 09:49 AM
The Standard & Poor's 500 index was down almost four points, or 0.2 percent, at 1,782 after the first few minutes of trading Tuesday. The Dow Jones industrial average was down two points, just 0.02 percent, at 15,882. The Nasdaq composite was down 10 points, or 0.3 percent, at 4,019.
By Josh Boak | 12/17/13 09:21 AM
U.S. consumer prices stayed flat in November, held down by falling gas prices. Inflation remains low across the broader economy, giving the Federal Reserve latitude to continue its extraordinary stimulus program.
By Timothy P. Carney | 12/16/13 10:44 AM
President Obama, amazingly, talks as if he dislikes "trickle-down ideology." This is amazing because his entire economic program involves giving money to big businesses in the hope this money will trickle down. Liberal Blogger Matt Yglesias put it well when Obama was pushing his "new economic...
12/16/13 10:04 AM
(politicalticker.blogs.cnn.com) (CNN) - Two budget experts weighed in Sunday on the bipartisan budget deal reached last week, saying the deal brings a sigh of relief but not the reforms needed to create a positive shift for the economy. "This doesn't get in the way. But there's some things out...
12/16/13 09:26 AM
Members of Congress want the Obama administration to demand that U.S. allies back away from proposed restrictions on international data transmissions, saying those actions could hurt U.S. companies.
By Charlie Spiering | 12/19/13
By Michael Barone | 12/18/13
By Byron York | 12/18/13
By Mark Tapscott | 12/19/13
By Mark Tapscott | 12/18/13