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  • WASHINGTON, May 4- The U.S. Treasury scrapped plans to pay down debt between April and June because it now considers it prudent for the government to hold a bigger cash buffer, an official at the department said on Monday. Congressional analysts estimate that Washington must raise the debt ceiling by October or November.

  • WASHINGTON— Federal Reserve Chair Janet Yellen on Monday disclosed that she met with a financial analyst at the center of an investigation into a possible leak of confidential interest-rate information. The lawmakers had requested the names of Fed officials and staff who had contact with the analyst's firm, Medley Global Advisors, from June through October...

  • WASHINGTON, May 4- The U.S. Holding more cash on hand at the end of every day would help the government get through shocks to its income stream, including future fiscal arguments in Washington. Congressional analysts estimate that Washington must raise the debt ceiling by October or November to keep the Treasury able to pay all its bills.

  • Figures on government spending and debt Monday, 4 May 2015 | 4:02 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Rates decline at weekly US Treasury auction Monday, 4 May 2015 | 4:00 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.070 percent, down from 0.095 percent last week. For a $10,000 bill, the three-month price was $9,999.62 while a six-month bill sold for $9,996.46.

  • Anti-Cuban embargo movement picks up steam in US Monday, 4 May 2015 | 3:16 PM ET

    HAVANA— Big businesses and politicians from both sides of the ideological spectrum are putting their muscle into new Washington lobbying efforts to end the U.S. embargo on Cuba as the two countries press ahead to re-establish diplomatic relations. Gross was held on espionage charges in Havana for five years before being released in December amid moves...

  • NEW YORK— Mall operator Macerich said Monday it settled a proxy fight with two investment funds, and will nominate two new directors to its board while dropping a "poison pill" measure that helped it stave off an attempted takeover. Macerich Co. adopted a shareholder rights plan in March, after larger competitor Simon Property Group Inc. offered to buy the...

  • The Small Business Administration plans events in five big cities, and local governments and organizations will hold meetings, forums, luncheons and dinners across the country. The SBA's schedule starts with Administrator Maria Contreras-Sweet's keynote address in Miami Beach, Florida, and ends with the announcement of the Small Business Person of the...

  • WASHINGTON— A unanimous Supreme Court says debtors in bankruptcy cannot immediately appeal a court's order rejecting a plan to repay creditors. The case involves Louis Bullard, a Massachusetts man who filed for Chapter 13 bankruptcy in 2010. One of his biggest debts was $346,000 he owed to Blue Hills Bank. Writing for the court, Chief Justice John Roberts...

  • The leadership shakeup comes as Minnesota lawmakers debate the exchange's future, with proposals ranging from abolishing its governing board and establishing MNsure as a full-blown state agency to dismantling MNsure entirely and shifting to the federally-run exchange. A longtime presence in Minnesota health care policy with stints overseeing the...

  • WASHINGTON— Orders to U.S. factories rose in March for the first time since last July, breaking a long stretch of weakness in manufacturing. Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. And in further good news, orders in a key category that tracks business investment plans eked out a 0.1 percent rise.

  • WASHINGTON— The Supreme Court said Monday it will hear a dispute over a regulation that offers financial incentives to factories, retailers and other large electricity users to reduce their power consumption. The justices agreed to review a lower court ruling that struck down a Federal Energy Regulatory Commission rule that requires utilities to pay...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • WASHINGTON— Former President Bill Clinton is publicly musing about his life in a future Clinton administration, saying he would consider stepping down from the foundation that he founded more than a decade ago, if his wife wins the White House. Bill Clinton has largely stayed on the sidelines during the early weeks of his wife's presidential bid, opting to focus...

  • *China wants relationship with EU to go beyond trade. The outreach is a world away from the low-key approach adopted by Beijing since May 1975, when the first European commissioner went to China to establish ties for the bloc to add to most of its members' bilateral ties. "It is very encouraging that both China and the EU are taking full advantage of the 40th...

  • Ahead of the Bell: US factory orders Monday, 4 May 2015 | 6:49 AM ET

    WASHINGTON— The Commerce Department reports on U.S. factory orders for March at 10 a.m. Eastern on Monday. ORDERS UP: The expectation is that orders rose 2.1 percent in March, according to a survey of economists by data firm FactSet. FACTORY HEALTH: U.S. factories have been dealing with a soft patch in recent months, reflecting in part a big rise in the value of the...

  • Tensions in places such as Baltimore and Ferguson, Missouri, have prompted candidates to explore the complicated relationship between poor communities and the police, and the deep-seated issues that have trapped many of the 45 million people who live in poverty in the United States. A frustrated President Barack Obama challenged the nation to do "some...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • Google embeds engineers as professors Sunday, 3 May 2015 | 12:12 PM ET

    MOUNTAIN VIEW, Calif.— Howard University freshman Alanna Walton knew something was different about the professor teaching her introduction to computer science course. In ongoing efforts to diversify Silicon Valley's tech sector, Google is embedding engineers at a handful of Historically Black Colleges and Universities where they teach, mentor and advise...

  • WASHINGTON— Republican House of Representatives Speaker John Boehner says Hillary Rodham Clinton needs to back trade legislation that President Barack Obama wants— and help get Democrats on board. Boehner says Republican votes alone aren't enough to give Obama the negotiating authority to complete an Asia-Pacific trade deal. He tells NBC's "Meet the Press"...