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'Fiscal cliff' talks vexing official Washington
Five weeks after President Barack Obama won re-election and gained more leverage to make GOP conservatives bend on taxes, the new balance of power is ...
No budging as fiscal cliff talks appear stalled
Republicans aren't budging on tax rates, and Democrats are resisting steps like raising the eligibility age for Medicare. Negotiations on averting a ...
Fed links interest rates to 6.5 pct. unemployment
The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it ...
Why it's so hard to step back from 'fiscal cliff'
The "fiscal cliff" crisis bundles together some of Washington's toughest decisions — the ones lawmakers have dodged for years — and says settle them ...
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.
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 ...
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 ...
Romney's '47 percent' chosen as year's best quote
Former Republican presidential candidate Mitt Romney's comments about 47 percent of the population dependent on the government and "binders full of ...
Asia stocks rise as US employment claims dip
Asian stock markets rose Friday after the number of Americans seeking unemployment benefits fell last week, offsetting a somber economic forecast by ...
THE RESET: Other voices in fiscal cliff debate
They don't have a seat at the talks to defuse a year-end fiscal bomb, yet wield considerable influence. They are wise-cracking debt-reduction duo Alan ...
Sandy slowed US consumer spending and pay in Oct.
Americans cut back on spending last month while their income remained flat. The weakness in part reflected disruptions from Superstorm Sandy that ...
5 films about the financial crisis you can bank on
"Killing Them Softly" is a stylish and violent dark comedy about low-level gangsters and thugs, set squarely within the U.S. economic collapse of ...
Stocks edge up ahead of Thanksgiving break
The stock market crept higher Wednesday ahead of the Thanksgiving holiday. Major market indexes got a slight lift after news broke of a cease-fire ...
Fewer seek US jobless aid as storm distorts data
The number of people seeking U.S. unemployment aid remained elevated for a second straight week because Superstorm Sandy forced many people to seek ...
Stocks end flat after HP shocker and Fed warning
Falling oil prices and a surprise announcement from Hewlett-Packard weighed on technology and energy stocks Tuesday. HP plunged 12 percent after ...
Bernanke warns Congress to avoid 'fiscal cliff'
Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and ...
Markets remain solid despite French downgrade
Hopes that Greece will get its next batch of bailout cash to avoid bankruptcy helped shore up markets Tuesday despite a downgrade of France's credit ...
Steady US housing recovery is boosting economy
From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains. The latest evidence came in ...
Bernanke: Banks' tight standards hurting economy
Federal Reserve Chairman Ben Bernanke said Thursday that banks' overly tight lending standards may be holding back the U.S. economy by preventing ...
Fed minutes suggest new bond-buying plan is likely
The Federal Reserve may be preparing to take further steps to stimulate an economy that remains too weak to reduce high unemployment. Minutes of the ...
Asian stocks fall as US tallies presidential vote
Asian stock markets fell Wednesday as traders watched the final hours of a tight U.S. presidential election whose conclusion would allow politicians ...
AP survey: Economic ills may defy next president
Whoever wins the U.S. presidential election will likely struggle to manage the biggest economic threats he'll face. That's the cautionary message that ...
Buffett says US economy still inching ahead
Billionaire investor Warren Buffett said Wednesday that the global economy is definitely slowing because of continued problems in Europe and the ...
Expectations low for any major Fed moves this week
Six weeks after rolling out a bold plan to boost the U.S. economy, the central bank is meeting again amid low expectations for further help.