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  • Reviving a long-running debate about corporate tax avoidance, Obama will target a loophole that lets companies pay no tax on earnings held abroad, the White House said. He will also seek to impose a 19 percent tax on U.S. companies' future foreign earnings, the White House said. The $238 billion raised from the one-time tax would fund repairs and improvements to...

  • WASHINGTON, Feb. 1- Resilience, innovation and advances in technology will be key factors as NATO maps out a multibillion-dollar effort to replace its aging fleet of 17 Boeing Co E-3 Sentry Airborne Warning and Control System aircraft, a top NATO official told Reuters. "This a very crucial project for NATO for the next two decades," Palomeros told Reuters last week...

  • The share of people in each state who reported taking out a payday loan in the past five years, which ranged from 1 percent to 13 percent, according to a 2012 survey by Pew Charitable Trusts. Because the Pew survey was only conducted in the continental U.S., the figures do not include Alaska or Hawaii. In cases where states had too few survey respondents, the percentage...

  • The Consumer Financial Protection Bureau says state laws governing the $46 billion payday lending industry often fall short, and that fuller disclosures of the interest and fees— often an annual percentage rate of 300 percent or more— may be needed. The total includes charges often ranging from $15 to $30 per $100 borrowed. Legislators in Ohio, Louisiana and...

  • WASHINGTON— Government and aviation industry officials from dozens of countries are meeting in Montreal this week to try to find consensus on how to keep from losing airliners like the one that vanished without a trace in Asia and another shot down in Eastern Europe. A Malaysia Airlines flight disappeared in March and has not been found. In July, another...

  • WASHINGTON— The $4 trillion budget that President Barack Obama sends Congress on Monday proposes higher taxes on wealthier Americans and corporations, and an ambitious $478 billion public works program for highway, bridge and transit upgrades. The grab-bag of proposals, many recycled from past Obama budgets, already is generating fierce objections from...

  • And the next likely regional Fed presidents are... Sunday, 1 Feb 2015 | 3:36 AM ET
    Matthew Rutherford, assistant secretary for financial markets at the U.S. Treasury

    A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.

  • The plan, expected to be dismissed by GOP lawmakers now running Capitol Hill, rolls out as the deficit is dropping and Obama's poll numbers inch higher. It's tied up over a GOP demand to reverse Obama's November executive actions that extended work permits and temporary deportation relief to some 4 million people in the U.S. illegally. A defiant Obama challenged...

  • Jan 31- The remedy in the latest U.S. vehicle recall announced on Saturday involves replacing the entire air bag module, including circuits manufactured by TRW automotive holdings, the head of the National Highway Traffic Safety Administration said. NHTSA Administrator Mark Rosekind told reporters the recall was prompted by 400 reported inadvertent air...

  • Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked. Regular golfing partners,...

  • Tom Wheeler, chairman of the Federal Communications Commission, says he's keeping that question in mind as he pitches the biggest regulatory shake-up to the telecommunications industry since 1996, when people still used noisy modems and referred to the "information superhighway" as a fun way to buy books or check the weather. That has the industry sounding...

  • WASHINGTON— It flew through the Republican-run House in 2012, and a year later 79 of the Democratic-led Senate's 100 members embraced it. With Republicans now controlling both chambers of Congress, the chances for repealing the 2.3 percent tax on medical devices are better than ever. Created under Obama's expansion of health care coverage, the tax will raise...

  • What slowing economy? US consumers are in a mood to spend Saturday, 31 Jan 2015 | 12:05 AM ET

    WASHINGTON— There's a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. "This hasn't changed my picture on the strength and resilience of the U.S. economy," said Scott Anderson, chief economist at the Bank of the West.

  • DIARY- Top Economic Events to Feb 12 Friday, 30 Jan 2015 | 7:01 PM ET

    SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...

  • WASHINGTON— The Justice Department has agreed on Friday to turn over a legal opinion regarding government surveillance and census data after a years-long court fight with a privacy group. The department on Thursday dropped its appeal of a federal judge's decision requiring it to provide the opinion from its Office of Legal Counsel to the Electronic...

  • FDA approves ADHD drug for binge-eating disorder Friday, 30 Jan 2015 | 5:11 PM ET

    WASHINGTON— Federal health regulators have approved an attention deficit disorder drug for a new use: A first-of-its kind treatment for binge-eating disorder. About 2 percent of U.S. adults, or about 5 million people, have binge eating disorder, according to the Department of Health and Human Services. The Food and Drug Administration originally approved...

  • Figures on government spending and debt Friday, 30 Jan 2015 | 4:54 PM ET

    WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— There's a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. "This hasn't changed my picture on the strength and resilience of the U.S. economy," said Scott Anderson, chief economist at the Bank of the West.

  • Business events scheduled for the coming month Friday, 30 Jan 2015 | 1:35 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...

  • Business events scheduled for the coming week Friday, 30 Jan 2015 | 1:33 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m.; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m.. TOKYO— Panasonic...