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Fed projects high unemployment for next 3 years
The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the ...
Stocks end little changed after Fed rally fizzles
Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out. The Dow ...
Congress ends second bag checks on some flights
Passengers arriving in the U.S. from international airports who miss connecting flights because their checked bags have to be rescreened could get ...
A Fed rally fades away on Wall Street; Dow down 3
An afternoon stock market rally has faded away after investors reassessed the Federal Reserve's latest plans to stimulate the economy. The Dow Jones ...
Bernanke says fiscal cliff already hurting economy
The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday.
Sawyer interviews women senators, to air Jan. 3
With a record-breaking 20 female senators elected to serve in the next Congress, ABC News' Diane Sawyer gathered 19 of them for an interview that will ...
Pfizer to pay $55 million in drug misbranding case
The Justice Department says Pfizer Inc. will pay $55 million to resolve allegations that its subsidiary Wyeth LLC promoted the drug Protonix for uses ...
Leading Democrat calls foreign aid system outmoded
The Soviet Union was the Cold War threat, Ian Fleming's creation James Bond was headed to the screen as Sean Connery in "Dr. No" and the U.S.
Oil rises on Fed stimulus plan
Oil traders got what they wanted Wednesday: another big move by the Federal Reserve to stimulate the slow-growing U.S. economy. The Fed said it will ...
Lieberman urges compromise in final Senate speech
Retiring Sen. Joe Lieberman on Wednesday used his final Senate floor speech to urge Congress to put partisan rancor aside to break Washington's ...
Fiscal cliff threatens federal aid for home heat
Poor and elderly Americans who rely on aid from the federal government to heat their homes stand to get less help this year if Congress and the White ...
THE RESET: Fed forges ahead with easy-money policy
As President Barack Obama and Congress agonize over strengthening the economy without fattening the $16 trillion national debt, the Federal Reserve ...
Obama's fiscal cliff strategy is tricky balance
Playing both sides, President Barack Obama is trying to balance his public pressure campaign on Republicans over the looming "fiscal cliff" with his ...
Panetta in Afghanistan to meet with Karzai
President Barack Obama will decide shortly how many U.S. troops he wants to keep in Afghanistan after the U.S.-led coalition military mission ends in ...
Lawmakers seek to rekindle mining reform efforts
While the U.S. government reaps billions of dollars in royalties each year from fossil fuels extracted from federal lands and waters, it does not ...
House GOP press Obama for balanced fiscal deal
House Republican leaders are pressing President Barack Obama to come up with plan they can accept for spending cuts and tax revenue to avoid the ...
Stocks move higher on anticipation of Fed action
Stocks are opening higher on Wall Street as investors await news on whether the Federal Reserve will announce more bond purchases to stimulate the U.S
Oil price rises above $86 on Fed stimulus hopes
The price of oil rose to above $86 a barrel on Wednesday as investors expected the Federal Reserve to announce new measures to perk up the U.S.
US stock futures rise on Fed anticipation
U.S. stock futures are edging higher as investors await news on whether the Federal Reserve will announce a new stimulus plan to boost the U.S.
Fed expected to revamp bond buying program
The Federal Reserve is wrapping up 2012 the way it began the year, searching for ways to help a U.S. economy that is still struggling with high ...
US economy could withstand brief fall off 'cliff'
It's the scenario that's been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal ...
Panetta: Obama weighing US presence in Afghanistan
U.S. Defense Secretary Leon Panetta said Wednesday that President Barack Obama will decide in the next few weeks how many U.S. troops will stay in ...
Uruguay's lower house approves gay marriage law
Lawmakers in taboo-breaking Uruguay voted to legalize gay marriage late Tuesday night, approving a single law governing marriage for heterosexuals and ...
'Cliff' movement? Obama, Boehner trade proposals
In a test of divided government, President Barack Obama and House Speaker John Boehner sought an elusive compromise Tuesday to prevent ...
Mexico: Rivera's plane hit with 'terrible' impact
The plane carrying Mexican-American music superstar Jenni Rivera plunged almost vertically from more than 28,000 feet and hit the ground in a ...