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Top News & Analysis Washington DC

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  • The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.075 percent, up from 0.050 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.165 percent, up from 0.145 percent last week. For a $10,000 bill, the three-month price was $9,998.10 while a six-month bill sold for $9,991.66.

  • WASHINGTON— President Barack Obama's sweeping new power plant regulations are thrusting the divisive debate over climate change into the race for the White House, with candidates in both parties seeing an opportunity to capitalize. The president unveiled the plan at the White House Monday, calling it the "single most important step" the U.S. has taken to combat...

  • WASHINGTON, Aug 3- Dreams that a cap-and-trade market could become a force for lowering carbon emissions died in the U.S. Senate in 2010, scuttled by politics and a bad economy. Northeast and California that already have carbon markets by giving them credit for their early actions. "To understate it, there has been a reticence to discuss cap and trade policies in...

  • WASHINGTON— Figures on government spending and debt.

  • Aug 3- A U.S. appeals court will hear oral arguments on Dec. 4 in lawsuits that challenge the Federal Communications Commission's "net neutrality" rules, which prevent broadband providers from blocking or slowing Internet traffic, the court said on Monday. USTelecom, a trade group for broadband providers, and other opponents of the rules sued the FCC this year,...

  • WASHINGTON— The Treasury Department on Monday estimated that it will end up borrowing $552 billion for the current budget year, the lowest total in eight years. The figure would be a drop of 17.6 percent from last year's $670 billion and represent the smallest annual amount since the government borrowed $150 billion in 2007.. In a letter to Congress last week, Lew...

  • WASHINGTON— The Treasury Department on Monday targeted 11 companies and individuals suspected of providing energy products the Syrian government of Bashar Assad is using in the conflict there. Treasury said many of those targeted are front companies the Syrian government has used to evade U.S. and European Union sanctions. The companies sanctioned are: The...

  • WASHINGTON, Aug 3- In the weeks leading up to a critical annual U.S. report on human trafficking that publicly shames the world's worst offenders, human rights experts at the State Department concluded that trafficking conditions hadn't improved in Malaysia and Cuba. And in China, they found, things had grown worse. As a result, not only Malaysia, Cuba and China, but...

  • WASHINGTON— The Food and Drug Administration has approved the first prescription drug made through 3- D printing: a dissolvable tablet that treats seizures. Aprecia Pharmaceuticals said Monday the FDA approved its drug Spritam for adults and children who suffer from certain types of seizures caused by epilepsy. The FDA has previously approved medical...

  • WASHINGTON, Aug 3- U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan...

  • UNITED NATIONS, Aug 3- United Nations Secretary-General Ban Ki- moon on Monday praised U.S. Obama's Clean Power Plan is a vital component of meeting a U.S. pledge on emissions cuts for the U.N. climate change summit in Paris in December. Obama's leadership on combating climate change was essential for encouraging other key countries to commit to securing a "...

  • WASHINGTON— U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building. Construction spending edged up a slight 0.1 percent in June following a 1.8 percent increase in May and a 3.8 percent rise in April, the Commerce Department said...

  • WASHINGTON— U.S. factories were a little less busy last month. The Institute for Supply Management's manufacturing index slipped to 52.7 last month from 53.5 in June. "There are a lot of things that are weighing on exports," said Bradley Holcomb, chair of ISM's manufacturing business survey committee.

  • WASHINGTON— Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items. Consumer spending edged up 0.2 percent in June, the poorest showing since a similar increase in February, the Commerce Department reported Monday. "We still expect that a strengthening labor market will support...

  • WASHINGTON— US construction spending up 0.1 percent in June, smallest gain in 5 months; housing rises.

  • WASHINGTON— The Commerce Department releases its June report on consumer spending, which accounts for 70 percent of economic activity, at 8:30 a.m. Eastern on Monday. SALES UP: The expectation is that spending rose 0.2 percent, according to a survey of economists by data firm FactSet. SALES AND INCOME: In May, U.S. consumer spending surged 0.9 percent.

  • WASHINGTON— The Institute for Supply Management releases its July survey on U.S. manufacturing production, orders, hiring and other activity at 10 a.m. Eastern Monday. HOLDING STEADY: Economists forecast that the manufacturing index from the trade group of purchasing managers will come in at 53.5, unchanged from June, according to a survey by FactSet.

  • WASHINGTON— Celebrity chef Jose Andres has responded to a recent lawsuit filed by Donald Trump's organization against Andres' organization for backing out of a hotel project in Washington. WTOP-FM reports that Andres said in a statement that Trump's disparaging comments about Mexican immigrants no longer make it possible for Andres to run a planned...

  • WASHINGTON— The Commerce Department reports on June U.S. construction spending at 10 a.m. Eastern on Monday. BUILDING UP: The expectation is that construction spending posted a solid gain of 0.6 percent, according to a survey of economists by data firm FactSet. BIG GAIN: In May, U.S. construction spending rose 0.8 percent, pushing total activity to a seasonally...

  • Experts aim to determine whether the part comes from the plane, which disappeared on March 8, 2014, en route from Kuala Lumpur to Beijing with 239 people on board. The fragment was found on the French Indian Ocean island of Reunion and returned to the French mainland last week. Before the part arrived in France, investigators had a high-degree of confidence that...