The Bank of England is concerned that U.S. fiscal policies are creating economic difficulties without any longer-term benefits.» Read More
The U.S. Court of Appeals for the District of Columbia Circuit, the second most powerful court in the country behind the Supreme Court, heard two cases challenging the Environmental Protection Agency's first rules to crack down on mercury from the country's fleet of electric generating units.
In an open letter on Tuesday to Boeing Chief Executive Jim McNerney and Boeing Commercial Airplanes Chief Executive Ray Conner, the state's two senators and 10 representatives emphasized the congressional support that would come with putting the jet factory in their state.
WASHINGTON _ President Barack Obama meets with college presidents and business leaders to discuss college costs. WASHINGTON _ Health and Human Services Secretary Kathleen Sebelius testifies before the House Energy and Commerce Committee about the health care law.
*Big jump in world wheat stocks after large Canada harvest. U.S. soybean stocks for 2013/ 14 were forecast down sharply from a month ago, but projected wheat stocks in the United States and globally were higher, largely reflecting a record crop in Canada, the U.S. Department of Agriculture said.
WASHINGTON, Dec 10- Lower prices created resurgent demand for U.S. corn at home and abroad, including in the ethanol market, the U.S. government forecast on Tuesday, resulting in smaller, but still ample, stocks at the end of this marketing year.
*Yanukovich says Ukraine needs close trade ties with Moscow. *U.S.' s Nuland, EU's Ashton in Kiev for talks. KIEV, Dec 10- Ukrainian President Viktor Yanukovich gave no ground on Tuesday to protesters who want Kiev to move closer to the European Union, insisting his government needs to deepen trade ties with Russia instead.
WASHINGTON, Dec 10- U.S. regulators toughened key sections of the Volcker rule's crackdown on Wall Street's risky trades on Tuesday as they finalized one of the harshest reforms after the credit meltdown.
The legislation _ a fallback plan to a measure stalled in the Senate _ does not include a contentious proposal from Sen. That plan drew strong opposition from the Pentagon as well as several men and women in the Senate. The House plans to adjourn by week's end and the Senate is scheduled to leave town Dec. 20.
WASHINGTON-- For months, the talk was all about computer code. People who didn't know a URL from an http were blithely expounding on software snags and web design, thanks to the clunky launch of healthcare.gov, the insurance marketplace for the government's big health care overhaul.
WASHINGTON, Dec 10- The first winter snowfall of the season slowed U.S. government operations on Tuesday but did not bring them to a standstill, with Congress, the Supreme Court and financial regulators meeting for business as usual.
"The numbers here in Mississippi add up to trouble," said Frank "Rocky" Moretti, director of policy and research for The Road Information Program, or TRIP, a Washington- based nonprofit group.
*General Motors to name first female CEO. NEW YORK, Dec 10- Wall St was set to take a breather on Tuesday after the S&P 500 closed at yet another record high and as investors were hesitant to make big bets amid uncertainty over the Federal Reserve's stimulus.
DUBAI, Dec 10- The world's largest gas reserves may tempt some energy companies back to Iran if sanctions are lifted, but Tehran is unlikely to become a significant gas supplier to Europe or Asia for at least a decade.
NEW YORK, Dec 10- The S&P 500 index futures edged lower on Tuesday after the market closed at yet another record high and economic data showed growth in China's industrial production slowed last month. It is taking it pretty well, "said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
From 2 to 8 inches of snow was forecast to fall from northern Virginia, across Maryland, Pennsylvania, Delaware and into southern New England, Brian Korty, meteorologist with the National Weather Service said in a forecast. Federal government offices in the Washington, D.C., area were shut on Tuesday, according to the Office of Personnel Management said.
WASHINGTON, Dec 10- The United States will not implement the so-called Volcker rule before 2015, a top regulator said on Tuesday, a widely expected move after regulators struggled for years to agree on the ban on proprietary trading.
WASHINGTON, Dec 10- The U.S. Commodity Futures Trading Commission, one of five regulators due to adopt the so-called Volcker rule on Tuesday, said it canceled a public vote on the issue because of the threat of a snowstorm in the Washington area. Federal Reserve and the Federal Deposit Insurance Corp- would hold their scheduled votes on Tuesday.
The U.S.-backed deal, which Washington wanted to conclude this year, aims to establish a free-trade bloc stretching from Vietnam to Chile and Japan, encompassing about 800 million people and almost 40 percent of the global economy. But differences over farm tariffs between the United States and Japan proved to be one of the major roadblocks.
NEW YORK, Dec 9- The Bank of England is concerned that U.S. fiscal policies are creating economic difficulties without any longer-term benefits, its governor said on Monday, weighing in as lawmakers in Washington scramble to avoid another government shutdown.
WASHINGTON, Dec 9- The U.S. government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies. The money pumped into the industry came from a $700 billion pool of funds Congress had assembled to shore up the banking system and fight a growing panic on Wall Street.