White House Government Agencies

More

  • WASHINGTON/ SAN FRANCISCO, Feb 9- Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. "I think that markets probably have over-reacted to the sense that the Fed won't raise rates any time soon,"...

  • The news sent shares of J&J, whose annual Remicade sales of $6.5 billion are mostly in the United States, down almost 4 percent. FDA scientists released their favorable report ahead of a meeting Tuesday of an independent medical advisory panel to the agency. "The data submitted by Celltrion show that is highly similar to U.S.-licensed Remicade" in treating...

  • WASHINGTON— U.S. companies advertised more available jobs in December and more Americans quit, trends that could lift wages in the coming months. The number of job openings jumped 4.9 percent to 5.6 million, the most since July, the Labor Department said Tuesday. Federal Reserve chair Janet Yellen has said that she monitors quits as a potential sign of an...

  • DIARY-Top Economic Events to Feb 21 Monday, 8 Feb 2016 | 7:01 PM ET

    Comptroller of the Currency Thomas Curry speaks at luncheon before the 2016 National Interagency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency and the Community Development Financial Institutions...

  • WASHINGTON— The Federal Aviation Administration says there are now more registered drone operators in the U.S. than there are registered manned aircraft. FAA Administrator Michael Huerta told a legal forum on Monday that the agency passed the milestone last week when it topped 325,000 registered drone owners. FAA officials launched a drone registration...

  • SAN FRANCISCO, Feb 8- Just because the U.S. economic recovery is nearly seven years along is no reason to think that the nation is due for a recession, according to a study published Monday by the San Francisco Federal Reserve Bank. Unlike humans, economic expansions "do not become progressively more fragile with age," San Francisco Fed chief researcher Glenn...

  • WASHINGTON— Things looked so clear back in mid-December. The Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016.. But as Chair Janet Yellen addresses Congress this week, most analysts and investors think the Fed will raise rates fewer than four times this year, if at all.

  • Feb 8- Sarepta Therapeutics Inc said the U.S. Food and Drug Administration had delayed a decision on its lead drug for a rare muscle-wasting disorder. The FDA has delayed the decision to May 26 from late February, the company said. The agency in late January postponed a meeting of its advisory panel to review Sarepta's drug due to inclement weather forecast for...

  • China, a focus of much of the recent market concern, released foreign reserves data on Sunday which showed the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. The country's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed. Federal Reserve Chair...

  • DIARY-Top Economic Events to Feb 18 Friday, 5 Feb 2016 | 7:01 PM ET

    MONDAY, FEBRUARY 8 LOS ANGELES- Federal Deposit Insurance Corp Chair Martin Gruenberg speaks before the 2016 National Inter-agency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the...

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • Two compounds once used in nonstick cookware coatings, firefighting foam and other materials were detected in utilities serving about 69,000 people in the city of Fountain and an unincorporated community called Security-Widefield, the federal Environmental Protection Agency said. Officials at the communities' water districts said the chemicals would...

  • US consumer borrowing accelerated in December Friday, 5 Feb 2016 | 3:10 PM ET

    WASHINGTON— U.S. consumers in December increased their borrowing at the fastest pace in three months. Borrowing expanded $21.3 billion in December, the strongest showing since an increase of $28.6 billion in September, the Federal Reserve reported Friday. Borrowing in the category that covers auto and student loans jumped $15.4 billion in December, notably...

  • The news sent shares of J&J, whose annual Remicade sales of $6.5 billion are mostly in the United States, down more than 3 percent. FDA scientists released their favorable report ahead of a scheduled meeting on Tuesday of an independent medical advisory panel to the agency. "In considering the totality of the evidence, the data submitted by Celltrion show that is...

  • Feb 5- The U.S. Centers for Disease Control and Prevention on Friday revised its guidelines for pregnant women to include a recommendation that even those without symptoms of the Zika infection be tested after returning from affected areas. There is no vaccine or treatment for Zika, which has caused outbreaks in at least 26 countries in the Americas.

  • WASHINGTON, Feb 5- A lower U.S. unemployment rate in January and a rise in wages suggests the economy is resisting a global slowdown, but tighter credit conditions and slower hiring are seen reducing the chances of another Federal Reserve interest rate rise in March. While data on Friday supported the Fed's view that the labor market is near full strength,...

  • WASHINGTON— Banking giant HSBC has reached a $470 million settlement with the federal government and nearly all states over mortgage lending and foreclosure abuses that officials say helped intensify the country's economic meltdown, the Justice Department announced Friday. The agreement requires the bank to pay $100 million and to provide an additional...

  • CDC widens Zika guidelines for pregnant women Friday, 5 Feb 2016 | 11:35 AM ET

    Feb 5- The U.S. Centers for Disease Control and Prevention revised its guidelines for pregnant women to include a recommendation that even those without symptoms of Zika infection should be tested after returning from areas affected by the outbreak. Although sexual transmission of Zika virus is possible, mosquito bites remain the primary way it is...

  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street was sharply lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year. "That... serves as a caution to markets that it is too early to take a Federal Reserve March hike completely off the table," said Mohamed...