By Joseph Lawler | 12/05/13 12:33 PM
The U.S. economy grew at a better-than-expected 3.6 annual rate in the third quarter, up from an initial reading of 2.8 percent, the Bureau of Economic Analysis announced Thursday. That beat analysts' expectations, which were for around 3 percent. The report's headline result suggests that the...
By David M. Drucker | 12/04/13 04:29 PM
For Kentucky Sen. Mitch McConnell, enough was enough. The Senate's top Republican had watched a Tea Party-driven government shutdown sink the GOP's already-weak brand and jeopardize McConnell's own chances of ever becoming majority leader. The solution, he concluded, was that the party's...
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 David M. Drucker | 12/04/13 05:12 AM
With Washington facing the possibility of a second government shutdown, Republican and Democratic negotiators are racing to reach a budget agreement before Congress adjourns for Christmas.
By Sean Lengell | 12/03/13 03:43 PM
The No. 2 House Democrat said he won't support another short-term bill to keep the government funded past mid-January if it sets spending levels at the Republicans' preferred annual rate of $967 billion. House Minority Whip Steny Hoyer of Maryland added that Congress' increasing reliance on...
By Susan Ferrechio | 12/03/13 10:08 AM
Just a week away from its Dec. 13 deadline, lawmakers will have little time in their post-Thanksgiving legislative session to negotiate the kind of major budget deal they'd need to end the federal government's crisis-driven management style.
By Associated Press | 12/02/13 11:12 AM
ELKO, Nev. -- Taking a cue from officials in Utah, Elko County officials are considering a plan to run U.S. Forest Service campgrounds and other federal recreation sites in the event of another government shutdown. Commissioner Grant Gerber said another shutdown could hurt the county's...
By Associated Press | 12/02/13 09:38 AM
U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government buildings. The increase suggests the 16-day partial government shutdown didn't slow public projects.
By Joseph Lawler | 12/02/13 08:59 AM
A slew of economic data coming out this week will answer the question of how well the U.S. has survived the government shutdown and debt limit fights -- and, possibly, what the Federal Reserve will do in response. The number-one economic indicator, the jobs report, is due out Friday morning...
12/01/13 12:46 PM
Since the end of World War II, more than a dozen high-profile bipartisan panels have been convened to tackle the nation's thorniest fiscal problems. Seldom have their recommendations spurred congressional action. Their ambitious, high-octane reports and recommendations are mostly gathering...
By Charlie Spiering | 12/04/13
By Joel Gehrke | 12/03/13
By Paul Bedard | 12/04/13
By Noemie Emery | 12/04/13
By Paul Bedard | 12/05/13