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US Economy

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  • Rates on US Treasury bills mixed at weekly auction Monday, 28 Jul 2014 | 5:16 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills unchanged, while rates on three-month bills rose to their highest level in four weeks. The Treasury Department auctioned $27 billion in three-month bills at a discount rate of 0.030 percent, up from 0.025 percent last week.

  • Figures on government spending and debt Monday, 28 Jul 2014 | 4:32 PM ET

    WASHINGTON— Figures on government spending and debt.

  • House bill lets airlines advertise pre-tax fares Monday, 28 Jul 2014 | 2:32 PM ET

    WASHINGTON— In a victory for airlines and their workers' unions, the House rejected consumers' complaints and easily passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and fees are added.

  • Senior Fed officials are 'in denial' Monday, 28 Jul 2014 | 1:43 PM ET
    Stanley Fischer speaking during a Senate Banking Committee nomination hearing in Washington, March 13, 2014.

    Senior Fed officials seem to have slipped back into their pre-2008 ways, says Simon Johnson, a professor at MIT's Sloan school.

  • A waitress checks a drink order at Bar Louie restaurant in the River North neighborhood of Chicago, Illinois.

    Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though new business and employment growth weakened.

  • I call BS on Goldman's stock-market call: Polcari Monday, 28 Jul 2014 | 12:17 PM ET

    Goldman's "neutral" call on the market had a dramatic headline but the market had zero reaction—and with good reason, says floor trader Kenny Polcari.

  • Medicare's own health looking better, report says Monday, 28 Jul 2014 | 12:16 PM ET

    WASHINGTON— Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement. As for Social Security, its massive retirement program will remain solvent until 2034, although disability benefits are in more immediate danger.

  • Arkansas AG asks to help defend drilling tax break Monday, 28 Jul 2014 | 10:57 AM ET

    LITTLE ROCK, Ark.— Attorney General Dustin McDaniel wants to help defend in court a $5 million tax break legislators gave natural gas drillers earlier this year, asking to step in and assist in the case after the state's chief finance officer said he believed the exemption was unconstitutional.

  • Walker says he would back anti-outsourcing rules Monday, 28 Jul 2014 | 10:26 AM ET

    Walker has made outsourcing an issue in the governor's race by criticizing Democratic gubernatorial challenger Mary Burke for profiting from outsourcing done by her family's company, Trek Bicycle Corp. But the Republican governor has received campaign donations from multiple companies that outsourced jobs, according to campaign finance reports.

  • Wage growth picking up in some sectors Monday, 28 Jul 2014 | 9:34 AM ET

    Pay hikes have picked up in sectors such as leisure and hospitality, business services, construction and retail. USA Today reports.

  • US gas prices tumble on back of refinery cuts Monday, 28 Jul 2014 | 9:08 AM ET
    Gas pumps are seen at a Chevron gas station in San Francisco, California.

    The average U.S. price for gasoline is now about 10 cents lower than a year ago. The recent drop came despite a rise in global crude oil's price.

  • Argentina in last-ditch effort to avert default Monday, 28 Jul 2014 | 9:04 AM ET

    But the mediator, Daniel A. Pollack, said in a statement that while the Argentines would meet him, they had not yet accepted his recommendation of face-to-face talks with the plaintiffs in the dispute, led by New York billionaire Paul Singer's NML Capital Ltd.. District Judge Thomas Griesa has forbidden Argentina to pay them unless it also pays the holdouts.

  • Lloyds Banking Group agreed to pay fines totaling $370 million to the U.S. and British as part of an interest rate rigging scandal.

  • KIEV, July 28- Ukrainian Prime Minister Arseny Yatseniuk said on Monday any failure by lawmakers to approve budget amendments on a second attempt would amount to the breakdown of Kiev's bailout deals with the International Monetary Fund and the World Bank.

  • Russia ordered to pay $50B over Yukos Monday, 28 Jul 2014 | 4:32 AM ET

    LONDON— An international court on Monday ordered Russia to pay over $50 billion in compensation to the former majority shareholder of now-defunct Russian oil company Yukos over the expropriation of the company more than 10 years ago.

  • Deal to improve veterans' health care costs $17B Monday, 28 Jul 2014 | 3:50 AM ET

    WASHINGTON— A bipartisan deal announced Monday would authorize about $17 billion to help veterans avoid long waits for health care, hire more doctors and nurses to treat veterans and make it easier to fire executives at the Department of Veterans Affairs.

  • Stocks pause as traders await key economic news Monday, 28 Jul 2014 | 12:05 AM ET

    Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.

  • Sean Callow, Senior Currency Strategist at Westpac Bank, says expectations for a raft of positive U.S. data, along with the steady decline of the euro, will take the greenback higher.

  • Fed taper is on a 'pre-determined path': ANZ     Sunday, 27 Jul 2014 | 11:13 PM ET

    Richard Yetsenga, Head of Global Markets Research at ANZ, expects this week's FOMC meeting to announce a further $10 billion reduction of the central bank's bond-buying program.

  • Emma Lawson, Senior Currency Strategist at National Australia Bank, discusses how key events like the FOMC meeting and U.S. second quarter GDP will move the greenback this week.

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