Republicans target Health and Human Services Secretary Kathleen Sebelius for her soliciting of funds on behalf of a non-profit group, called Enroll America, from two private entities.» Read More
WASHINGTON, Dec 27- The U.S. House of Representatives will hold a work session on Sunday beginning at 6:30 p.m. EST, a day before the Dec. 31 deadline for reaching a deal that would avert the "fiscal cliff." A senior House Republican aide confirmed that House members were being called back to Washington.
WASHINGTON, Dec 27- Americans blame Republicans in Congress more than congressional Democrats or President Barack Obama for the current "fiscal cliff" crisis, as the deadline approaches for action to avert big tax increases and spending cuts, a Reuters/ Ipsos poll showed on Thursday.
WASHINGTON, Dec 27- Wall Street dealers expect hedge funds, insurance companies and other borrowers to pull some cash from commercial banks when a financial crisis-era deposit insurance program expires at the end of the year, the Federal Reserve said on Thursday.
NEW YORK, Dec 27- The yen fell to a more than two-year low a ga inst the dollar o n Thursday on expectations Ja pan's new government will push for aggressive monetary stimulus, while the U.S. currency was broadly higher on uncertainty about fiscal talks in Washington.
NEW YORK, Dec 27- U.S. stocks fell more than 1 percent on Thursday after comments from U.S. Senate Majority Leader Harry Reid that the United States may be poised to go off the "fiscal cliff," while the yen hit a two-year low on expectations of aggressive monetary stimulus.
WASHINGTON, Dec 27- Wall Street dealers expect hedge funds, insurance companies and other borrowers to reduce deposits at commercial banks when a financial crisis-era deposit insurance program expires at the end of this year, the Federal Reserve said on Thursday.
*Dow down 0.8 pct, S&P 500 off 0.9 pct, Nasdaq down 0.9 pct. The S&P 500 has lost 2.7 percent over the past four days, its worst such run in over a month. A four-day drop would also mark the S&P 500' s longest losing streak in three months as Wall Street wakes up to the possibility that a deal may not be reached until next year.
WASHINGTON, Dec 27- The top Democrat in the Senate warned on Thursday that the United States looks to be headed over the "fiscal cliff" of tax hikes and spending cuts that will start next week if squabbling politicians do not reach a deal.
Oil and U.S. equities prices on Wall Street felt pressure from comments by Senate Majority Leader Harry Reid criticizing Republicans in Congress for refusing to go along with any tax increases as part of a U.S. " Brent February fell 67 cents to $110.40 a barrel by 11:16 a.m. EST, after reaching $111.33.
Under her leadership, the agency declared for the first time that carbon dioxide was a pollutant that could be regulated under the Clean Air Act, leading the EPA to develop a new regulatory regime to limit carbon emissions.
CNBC's Hampton Pearson reports Starbucks is urging its employees to write "come together" on customer's cups as a way to encourage lawmakers to reach a "fiscal cliff" deal.
*Soy firms on demand prospects, leads 2012 commodity gains. WINNIPEG, Manitoba, Dec 27- Chicago soybeans edged higher on Thursday on expectations for a rebound in Chinese demand, adding to a big full-year gain, while wheat extended its fall to a new six-month low.
NEW YORK, Dec 27- U.S. stocks declined on Thursday after the leader of Senate Democrats warned the United States appeared headed over the "fiscal cliff" and data showed consumer confidence fell to a four-month low.
Reid made his comments in a Senate floor speech at the opening of a post-Christmas session, adding that time was running out ahead of a Dec. 31 deadline to act to avert the "fiscal cliff."
WASHINGTON, Dec 27- U.S. consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been a growing sense of optimism about the economy. Gauges of business sentiment have weakened recently on worries about $600 billion in tax hikes and government spending cuts scheduled for early January.
WASHINGTON, Dec 27- U.S. Environmental Protection Agency head Lisa Jackson said on Thursday she will be leaving the Obama administration.
LONDON/ NEW YORK, Dec 27- World stocks and the euro edged higher on Thursday as U.S. lawmakers prepared to resume negotiations to avoid a fiscal crunch, while the yen hit a two-year low on expectations a new government in Tokyo will push for aggressive monetary stimulus.
WASHINGTON, Dec 27- Senate Majority Leader Harry Reid on Thursday criticized Republicans in Congress for refusing to go along with any tax increases as part of a U.S. " Reid made his comments in a Senate floor speech at the opening of a post-Christmas session, adding that time was running out ahead of a Dec. 31 "fiscal cliff" deadline.
WASHINGTON, Dec 27- New U.S. single-family home sales accelerated in November to the fastest pace in 2 1/ 2 years and median sales price jumped from the same month in 2011, signs that the U.S. housing recovery is gaining some steam. The Commerce Department said on Thursday sales climbed 4.4 percent last month to a seasonally adjusted 377,000- unit annual rate.
NEW YORK, Dec 27- U.S. stocks were flat at the open on Thursday as U.S. President Barack Obama returned to Washington to restart negotiations in an attempt to find a last minute deal to avoid a series of tax hikes and spending cuts due to take place next week. The Nasdaq Composite Index dropped 2.35 points, or 0.08 percent, to 2,987.81.