Washington DC


  • Lawmakers employ gimmicks to pay for highway funds Friday, 1 Aug 2014 | 9:29 AM ET

    WASHINGTON— Congress is providing $11 billion to prevent a 28 percent reduction in federal highway and mass transit spending at the peak of the summer construction season. The Senate passed a House-written bill to augment federal gasoline and diesel fuel taxes for keeping the federal Highway Trust Fund solvent through next May.

  • US job growth eases but tops 200K for a 6th month Friday, 1 Aug 2014 | 8:35 AM ET

    WASHINGTON— A sixth straight month of solid 200,000- plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion.

  • WASHINGTON— Obama: House GOP trying to pass the' most extreme and unworkable bills' on immigration.

  • Ahead of the Bell: US construction spending Friday, 1 Aug 2014 | 7:02 AM ET

    WASHINGTON— The Commerce Department reports on U.S. construction spending in June. The report will be released at 10 a.m. EDT Friday. BUILDING HIGHER: The expectation is that construction spending rose 0.3 percent in June, according to a survey of economists by data firm FactSet.

  • Ahead of the Bell: US Manufacturing Survey Friday, 1 Aug 2014 | 6:51 AM ET

    WASHINGTON— The Institute for Supply Management reports on U.S. manufacturing, orders and other activity in July. The ISM, a trade group of purchasing managers, will release its manufacturing index Friday at 10 a.m. Eastern time.

  • Ahead of the Bell: US consumer spending Friday, 1 Aug 2014 | 6:20 AM ET

    WASHINGTON— The Commerce Department reports on how much U.S. consumers spent and earned in June. The report will be released at 8:30 a.m. EDT Friday. SPENDING UP: The expectation is that consumers boosted their spending 0.4 percent in June, according to a survey of economists by data firm FactSet.

  • *India derails global trade talks over food security objections. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon as possible.

  • USDA overhauls 50 year-old poultry inspections Friday, 1 Aug 2014 | 4:29 AM ET

    WASHINGTON— The Obama administration is moving to cut down on the thousands of foodborne illnesses linked to chicken and turkey each year with an overhaul of poultry plant inspection rules that are more than 50 years old. The Agriculture Department says the change could cut down on 5,000 foodborne illnesses annually.

  • For sale: A nearly nonexistent insurance agency Friday, 1 Aug 2014 | 4:27 AM ET

    WASHINGTON— One of the country's largest overseers of troubled home loans, Nationstar Mortgage Holdings Inc., is quietly trying to sell a $100 million insurance agency that doesn't appear to exist. Harwood Service Co. has no website, no independent offices and only a single registered agent.

  • *India derails global trade talks over food security objections. *Bloc of member states could exclude India and forge ahead.

  • Private prison companies Geo Group and competitor Corrections Corporation of America, for example, stand to gain if Congress approves any emergency funding for family detention facilities.

  • CIA director reverses himself on Senate spying Friday, 1 Aug 2014 | 12:47 AM ET

    WASHINGTON— For months, CIA Director John Brennan stood firm in his insistence that the CIA had little to be ashamed of after searching the computers of the Senate Intelligence Committee. His defiant posture quickly collapsed after a devastating report by his own inspector general sided against the CIA on each key point of the dispute with the Senate.

  • Solid US job gains expected for 6th straight month Friday, 1 Aug 2014 | 12:02 AM ET

    WASHINGTON— With a host of reports this week pointing to a healthier U.S. economy, analysts expect Friday's monthly jobs report to send a similar message. Economists predict that the government will say employers added 225,000 jobs in July, according to a survey by data provider FactSet. The Labor Department will issue the jobs report at 8:30 a.m. Eastern time.

  • SYDNEY/ GENEVA Aug 1- Several member states of the World Trade Organization voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades.

  • FAA places new restrictions on flights over Iraq Thursday, 31 Jul 2014 | 10:24 PM ET

    WASHINGTON— The Federal Aviation Administration is restricting U.S. airlines from flying at or below 30,000 feet over Iraq because of what it calls "the potentially hazardous situation created by the armed conflict" there. Iraq also has been in turmoil as militants have fought government forces.

  • Congress votes final passage on highway bill Thursday, 31 Jul 2014 | 9:07 PM ET

    WASHINGTON— Congress gave final approval Thursday to a $10.8 billion bill to keep federal highway funds flowing to states through the summer construction season and the fall elections. The Senate passed the House-written bill on an 81-13 vote after rejecting it earlier this week.

  • Congress sends VA overhaul to White House Thursday, 31 Jul 2014 | 8:44 PM ET

    WASHINGTON— Congress passed a landmark bill Thursday to help veterans avoid long waits for health care and fix other problems at the Department of Veterans Affairs. A 91-3 vote in the Senate sent the $16.3 billion measure to President Barack Obama for his signature. Tom Coburn of Oklahoma, Bob Corker of Tennessee and Jeff Sessions of Alabama.

  • The SEC's Office of Inspector General started the investigation after Reuters published information about the regulator's decision, taken in a closed-door meeting on Sept. 12, 2013, to settle its probe into JPMorgan Chase& Co's massive London Whale trading loss. The SEC made its decision public on Sept. 19, 2013.

  • LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.

  • Senate kills spending bill for border crisis Thursday, 31 Jul 2014 | 7:49 PM ET

    WASHINGTON— A bill to address the crisis of unaccompanied migrant youths arriving at the U.S.- Mexico border has died in the Senate on a procedural vote. The action came hours before the Senate adjourns for a five-week recess. The Senate bill also included money for wildfires and Israeli defense.