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Top News & Analysis Washington DC

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  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it: Spurred by the stock market's wild ride, they lashed out at the world's most populous nation. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's...

  • The FDA said it had identified 33 cases of severe joint pain in patients taking a class of drugs known as DPP-4 inhibitors between Oct. 16, 2006, when the first one was approved, through Dec. 31, 2013. Five cases were reported with AstraZeneca Plc's Onglyza, two with Boehringer Ingelheim's Tradjenta, and one with Takeda Pharmaceutical's Nesina.

  • JACKSON HOLE, Wyo., Aug 28- The U.S. Some top policymakers, including Fed Vice Chairman Stanley Fischer, said the recent volatility in global markets could quickly ease and possibly pave the way for the first U.S. rate hike in nearly a decade. With a key policy meeting set for Sept. 16-17, at least five Fed officials spoke publicly in what amounted to a jockeying for...

  • Figures on government spending and debt Friday, 28 Aug 2015 | 4:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • EPA: Clean water rule in effect despite court ruling Friday, 28 Aug 2015 | 2:37 PM ET

    The EPA says the rule, which took effect Friday in more than three dozen states, will safeguard drinking water for millions of Americans. The House has ignored a White House veto threat and passed a bill to block it, and a Senate committee has passed a measure that would force the EPA to withdraw and rewrite it. The senators— two Democrats and two Republicans— said in an...

  • Business events scheduled for the coming month Friday, 28 Aug 2015 | 1:46 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • JACKSON HOLE, Wyo., Aug 28- Federal Reserve officials who are most anxious to hike interest rates said on Friday that continued turmoil in financial markets may cause the central bank to delay tightening monetary policy beyond next month, even though the U.S. economy remains strong. Louis Fed President James Bullard told Reuters he still favored hiking rates at...

  • WASHINGTON— What once seemed a sure bet— that the Federal Reserve would raise interest rates in September— suddenly appears less certain following a wild week of stock market turbulence. Fed Chair Janet Yellen decided to skip this year's meeting, so Vice Chairman Stanley Fischer is commanding top attention, with investors eagerly parsing his every word.

  • WASHINGTON— Plummeting stock prices have taken a toll on U.S. consumer confidence, though there are signs the setback may be temporary. The University of Michigan says its consumer sentiment index fell to 91.9 this month from 93.1 in July. The University of Michigan surveys consumers throughout the month and so some of the responses were tallied as stock prices...

  • WASHINGTON— A federal appeals court on Friday ruled in favor of the Obama administration in a dispute over the National Security Agency's bulk collection of telephone data on hundreds of millions of Americans. The ruling means the government can continue collecting the data for the next few months, although the program is set to expire at the end of November...

  • JACKSON HOLE, Wyo., Aug 28- Recent market turmoil should not delay the Federal Reserve from raising interest rates at least once, given that the global equities selloff and China's economic slowdown have had little effect on the U.S. economy, a top Fed official said on Friday. Market volatility has sowed doubts over the timing of the rates "liftoff," particularly...

  • Louis Fed President James Bullard told Bloomberg in an interview from Jackson Hole, Wyoming, where central bankers from around the world are converging for an annual meeting. But Loretta Mester, president of the Federal Reserve Bank of Cleveland, said the volatility has not changed her view that the U.S. economy was ready for a modest increase in interest rates.

  • US consumer spending up moderate 0.3 percent in July Friday, 28 Aug 2015 | 8:31 AM ET

    WASHINGTON— U.S. consumers increased their spending moderately in July, as wages and salaries made their biggest jump in eight months. Spending rose 0.3 percent in July, helped by purchases of big-ticket items such as cars, the Commerce Department reported Friday. "All of the data are heading in the right direction," said Jennifer Lee, senior economist at BMO...

  • WASHINGTON— Republican presidential candidate Donald Trump is promising to offer a plan within a month to overhaul the tax system, calling himself "king of the tax code." He's been hinting at such a plan recently, saying that wealthy Americans should pay more. Trump says hedge fund managers are big supporters of Democrat Hillary Rodham Clinton and GOP rival Jeb...

  • Ahead of the Bell: US consumer spending Friday, 28 Aug 2015 | 6:08 AM ET

    WASHINGTON— The Commerce Department releases its July report on consumer spending, which accounts for 70 percent of economic activity. SPENDING UP: The expectation is that spending rose 0.4 percent in July, according to a survey of economists by data firm FactSet. These analysts forecast that incomes also grew 0.4 percent in July.

  • *IMF always believed Greece's debt was unsustainable. WASHINGTON/ ATHENS, Aug 28- Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. He slammed IMF forecasts for Greece as overly optimistic- "Panglossian."

  • WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign...

  • Lester Ross, vice chairman of The American Chamber of Commerce in China, said Chinese consumers needed more choice in services, which would in turn provide more stability as plunging stock markets have exacerbated worries about China's economy. "China is actually depriving its citizens of the best available advice, the best available services," Ross told...

  • BEIJING— An American business group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical explosion in Tianjin. Opening largely closed banking, logistics and other markets wider to foreign competitors...

  • MIAMI— The United States must bolster its military, push for more free trade and hold China far more accountable on human rights, Republican presidential candidate Marco Rubio writes in an op-ed for The Wall Street Journal. The U.S. senator from Florida is expected to provide details of his China policy Friday morning in Charleston, South Carolina, when he speaks...