US Economy


  • *Lender to halt a 67 million euro tranche for Bosnia. SARAJEVO, Sept 19- The International Monetary Fund will hold off on disbursing the next tranche of Bosnia's aid programme until the Balkan country implements agreed economic policies, most likely after the October election, a senior IMF official said on Friday.

  • An essential guide to the midterm elections Friday, 19 Sep 2014 | 7:29 AM ET
    Speaker of the House John Boehner and President Barack Obama.

    America's permanent partisan war for now shifts exclusively to the campaign trail. Here's what you need to pay attention to.

  • Spending bill leaves out immigration courts Friday, 19 Sep 2014 | 7:17 AM ET

    WASHINGTON— Congress' must-pass budget bill ignores the Obama administration's request to accelerate spending on immigration courts to handle the flood of unaccompanied minors at the border— even as it boosts spending flexibility for Border Patrol agents and detention centers.

  • Cuomo: Use surplus to spur municipal consolidation Friday, 19 Sep 2014 | 3:10 AM ET

    BOLTON LANDING, N.Y.— New York should use nearly half of its more than $4 billion budget surplus to spur upstate economic development and encourage local governments to consolidate and share their services, Gov.

  • CAIRNS, Australia, Sept 19- U.S. Treasury Secretary Jack Lew said he told Japanese Finance Minister Taro Aso that Japan must remain committed to calibrating all three arrows of its economic policy to sustain healthy domestic growth.

  • GE: Optimistic about growth in the US, China     Thursday, 18 Sep 2014 | 8:12 PM ET

    John Rice, Vice Chairman of General Electric, expects the U.S. recovery to fuel global demand for infrastructure. He is also confident that China can achieve 7.5 percent growth this year.

  • Figures on government spending and debt Thursday, 18 Sep 2014 | 5:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Citi appeals Argentine bond payment ruling Thursday, 18 Sep 2014 | 4:15 PM ET

    Citi argued it faces "a serious and imminent hazard" if it cannot process another interest payment by Argentina on $8.4 billion in bonds the country issued.

  • Watch Art Cashin: Alibaba IPO lifting stocks Thursday, 18 Sep 2014 | 3:02 PM ET
    Art Cashin

    UBS' Art Cashin says Alibaba's IPO is boosting stocks a day ahead of the e-commerce giant's high-profile debut.

  • Stoners on the job: Nearly 10% went to work high Thursday, 18 Sep 2014 | 2:42 PM ET

    A new survey has found 10 percent of American workers have showed up to their jobs high. Are you surprised? Here’s what employers can do about it.

  • *Mechanical problems seen with diminished repo facility. *Central bank unveiled longer-term' normalization' plan. NEW YORK, Sept 18- No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.

  • What the Fed's dream trade looks like Thursday, 18 Sep 2014 | 2:28 PM ET
    Trader on the floor of the New York Stock Exchange on Aug. 26, 2014.

    The Fed just might have triggered an early look at its dream trade—where short-term yields rise gradually and longer term rates rise more slowly.

  • California bill increases Hollywood tax credits Thursday, 18 Sep 2014 | 2:17 PM ET

    Jerry Brown headed to the cradle of the Hollywood film industry Thursday to sign legislation that more than triples the state's tax credit to $330 million a year for films and TV shows produced in California.

  • Household debt grows at fastest rate in 6 years Thursday, 18 Sep 2014 | 12:00 PM ET
    Vehicles pass the Marriner S. Eccles Federal Reserve building in Washington, D.C.

    The federal debt grew at the slowest pace since 2007 in the second quarter, the Federal Reserve said on Thursday.

  • Empowering women is good for the economy Thursday, 18 Sep 2014 | 10:59 AM ET

    Countries are waking up to the benefits of empowering women but there's more to be done, says the national finance co-chair of Ready for Hillary.

  • Average US 30-year mortgage rate at 4.23 percent Thursday, 18 Sep 2014 | 10:08 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year loan jumped to 4.23 percent from 4.12 percent last week.

  • The Fed's hard choices: Time to pay up Thursday, 18 Sep 2014 | 8:58 AM ET
    U.S. Federal Reserve Board chair Janet Yellen holds a news conference in Washington September 17, 2014.

    The Fed avoided a more severe recession but its choices aren't without consequences. It's time to pay up, says Michael Farr.

  • Ireland economy grows 7.7 percent, leads eurozone Thursday, 18 Sep 2014 | 8:44 AM ET

    DUBLIN— Ireland's economy is growing at a rapid pace last experienced at the tail-end of the Celtic Tiger boom, government statisticians reported Thursday as economists declared that the country's debt crisis was dead and buried.

  • All mixed up! Claims plunge—but so does housing Thursday, 18 Sep 2014 | 8:31 AM ET
    A career counselor reviews a document with information about finding jobs at the Western Addition Neighborhood Access Point in San Francisco.

    Jobless claims tumbled sharply in the latest week, but so did housing starts in August, which plummeted by more than 14 percent.

  • Manhattan's income gap is widest in US: Census Thursday, 18 Sep 2014 | 8:20 AM ET
    Manhattan apartment buildings

    The mean income of the top 5 percent of households in Manhattan has soared, giving it the biggest income gap of any U.S. county. The NYT reports.

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