Washington DC


  • Intelligence director disputes allegations he lied Thursday, 18 Sep 2014 | 9:22 AM ET

    WASHINGTON— James Clapper, the director of national intelligence, denied Thursday that he lied to Congress about government surveillance last year, and he rolled out a new national intelligence strategy that includes principles of ethics for intelligence officers.

  • How states fared on unemployment benefit claims Thursday, 18 Sep 2014 | 9:15 AM ET

    WASHINGTON— Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.

  • Yellen says US families need to boost savings Thursday, 18 Sep 2014 | 8:46 AM ET

    WASHINGTON— The Great Recession showed that a large number of American families are "extraordinarily vulnerable" to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen said Thursday.

  • Applications for US jobless benefits fall sharply Thursday, 18 Sep 2014 | 8:36 AM ET

    WASHINGTON— The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening. The four-week average of applications, a less volatile measure, fell 4,750 to 299,500, the Labor Department said Thursday.

  • Volatile apartment sector reduces US home building Thursday, 18 Sep 2014 | 8:35 AM ET

    WASHINGTON— U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly. Construction fell 14.4 percent in August to a seasonally adjusted annual rate of 956,000 homes, the Commerce Department said Thursday.

  • WASHINGTON— Applications for US jobless aid drop sharply to 280 K, sign of a stronger job market.

  • NEW DELHI, Sept 18- China became the latest nation to line up for a stake in India's civil nuclear energy drive on Thursday, agreeing to open talks on cooperation in a sector that New Delhi sees as the solution to its chronic power problems.

  • *Riyadh trains Syrian rebels, praised new Iraq govt. RIYADH, Sept 17- In its war against Islamic State in Iraq and Syria the United States wants strong public support from Saudi Arabia, the birthplace of Islam and champion of Arab Sunni Muslims.

  • JERUSALEM/ RAMALLAH, West Bank, Sept 18- Most Palestinians have known only two leaders: Yasser Arafat, the stubble-chinned firebrand fond of chequered scarves and olive fatigues, and Mahmoud Abbas, a smooth-shaven father figure who favours Western suits and ties.

  • Ahead of the Bell: US Unemployment Benefits Thursday, 18 Sep 2014 | 6:27 AM ET

    WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. DECREASE LIKELY: Economists forecast that weekly applications fell 10,000 to a seasonally adjusted 305,000, according to a survey by FactSet.

  • Ahead of the bell: US home construction Thursday, 18 Sep 2014 | 6:18 AM ET

    WASHINGTON— The Commerce Department reports on U.S. home construction in August. The report will be released Thursday at 8:30 a.m. Eastern. STARTS DOWN: Economists forecast that housing starts fell 5.3 percent in August to a seasonally adjusted annual rate of 1.04 million, according to a survey by data firm FactSet.

  • House Democrats' campaign arm still has $55M saved Thursday, 18 Sep 2014 | 6:01 AM ET

    WASHINGTON— House Democrats' campaign arm spent heavily last month but still has almost $55 million left in the bank for an uphill fight against the Republican majority, party officials said Thursday. Its GOP rival, the National Republican Congressional Committee, has not yet released its August fundraising tally and faces a Saturday deadline to do so.

  • US to train veterans to install solar panels Thursday, 18 Sep 2014 | 6:00 AM ET

    WASHINGTON— The U.S. is planning to train veterans to become solar panel installers in the next six years, the White House said Thursday.

  • NEW DELHI, Sept 18- India will open talks on civil nuclear energy cooperation with China, Prime Minister Narendra Modi said on Thursday after summit talks with Chinese President Xi Jinping in New Delhi. Behind the scenes, China has been pressing India hard to begin talks on civil nuclear cooperation, said W.P.S. Sidhu, a senior fellow at Brookings India.

  • *Army has shrunk by 30-50 percent. *Army faced setbacks since June. Western officials believe the Syrian army, already stretched, has been under growing strain since Islamic State staged lightening advances in Syria and Iraq in June: insurgents this week briefly pushed into an area of Damascus that had not seen fighting for 18 months, the Observatory reported.

  • US economic rebound slow to reach Philadelphia Thursday, 18 Sep 2014 | 12:03 AM ET

    WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area and income inequality has widened, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs. Philadelphia posted the largest income drop among large metro areas outside the Sun Belt, a sign of its persistently weak job market.

  • Fed keeps rates low, but brace for the inevitable Thursday, 18 Sep 2014 | 12:02 AM ET

    WASHINGTON— Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. "Borrowers should see the writing on the wall," said Greg McBride, chief financial analyst at Bankrate.com.

  • Sept 18- The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.

  • Journalists criticize White House for 'secrecy' Wednesday, 17 Sep 2014 | 8:24 PM ET

    CHICAGO— Editors and reporters meeting in Chicago raised concerns Wednesday about what they described as a lack of access and transparency undermining journalists' work, several blaming the current White House for setting standards for secrecy that are spreading nationwide.

  • DIARY - Top Economic Events to Sept 30 Wednesday, 17 Sep 2014 | 8:01 PM ET

    DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.