Thursday, February 27, 2014
U.S. President Barack Obama on Tuesday announced the creation of two Pentagon-led institutes to boost advanced high-tech manufacturing, with the eventual goal of creating jobs that have been lost to global competition.
Billions of dollars in U.S. taxes are going unpaid because Americans are exploiting Swiss bank accounts, and the U.S. government has failed to aggressively pursue Switzerland's second-largest bank, a Senate investigation has found.
U.S. consumer confidence fell slightly in February over concerns about the near-term outlook for business conditions and jobs.
Business economists are almost equally divided over whether the U.S. Federal Reserve will pare back bond purchases at the current pace through year's end or take a small break to let the economy recover further.
Wednesday, February 26, 2014
The interest rate on three-month U.S. Treasury bills fell in Monday's auction while the rate on six-month bills was unchanged.
Monday, February 24, 2014
The United Auto Workers' membership and dues are down sharply from just six years ago. In another sign of weakness, the union suffered a stunning defeat this month when it tried to organize a Tennessee factory run by labor-friendly Volkswagen.
Sunday, February 23, 2014
The Federal Reserve agonized in 2008 over how far to go to stop a U.S. financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude.
Saturday, February 22, 2014
The Venezuelan government ordered paratroopers Thursday to a border city where growing student protests began over two weeks ago, with President Nicolas Maduro angrily rejecting U.S. calls for dialogue.
Friday, February 21, 2014
U.S. consumer prices barely rose last month as a sharp increase in energy costs was offset by cheaper clothing, cars and air fares. The figures indicate inflation remains mild.
Federal Reserve officials agreed at their January meeting that further gradual reductions in their stimulus would be appropriate as long as the economy keeps improving.