Top News & Analysis Washington DC

More

  • WASHINGTON, Oct 1- U.S. construction spending in August fell by the most in a year as a rebound in residential projects was offset by weak non-residential structures and public sector project outlays, a government report showed on Monday.

  • WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider an appeal by Bank of America Corp's. Merrill Lynch unit of a ruling that allowed black brokers who accused it of bias to pursue their lawsuit as a class action.

  • WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider a Michigan blogger's challenge to the use of full-body scanners and thorough pat-downs of passengers at airport checkpoints.

  • WASHINGTON-- The Supreme Court has turned away an appeal challenging a federal rule that bars development on 50 million acres of roadless areas in national forests.

  • Todd Akin has backed almost $100 million for pet projects in recent years, including money for home-state military programs and local highway work. During his Republican Senate primary this summer, Akin even aired a television ad proudly defending his effort to bring home federal dollars for production of military armor in his district.

  • The Supreme Court term that begins Monday holds the prospect for major rulings about affirmative action, gay marriage and voting rights. University of Texas, to be argued Oct. 10, the court will weigh Texas' limited use of race to help fill out its incoming classes.

  • Pacific Gas& Electric Co. wants to use big air guns to emit strong sound waves into a large, near-shore area that includes parts of marine reserves to make three-dimensional maps of fault zones, some of which were discovered in 2008, near its Diablo Canyon nuclear power plant.

  • NEW YORK-- New York City's 2013 mayoral race doesn't fully kick off until after voters are done picking a president.

  • WASHINGTON-- U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak. Economists surveyed by FactSet forecast that the Institute for Supply Management's manufacturing index was unchanged at 49.6. Europe's financial crisis has plunged much of that region into recession.

  • CAIRO, Oct 1- The IMF has delayed sending a team to Cairo to negotiate a $4.8 billion loan while the Egyptian government works to complete its economic reform programme, a newspaper quoted the country's Finance Minister as saying. Egypt was due to receive a team from the International Monetary Fund at the end of September to discuss the terms of the loan.

  • As of Monday, Medicare will start fining hospitals that have too many patients readmitted within 30 days of discharge due to complications. About two-thirds of the hospitals serving Medicare patients, or some 2,200 facilities, will be hit with penalties averaging around $125,000 per facility this coming year, according to government estimates.

  • WASHINGTON-- The U.S. Chamber of Commerce, which has spent tens of millions of dollars on television ads to help boost Republican congressional candidates, launched an extensive effort on Monday to mobilize voters. It also will include information on House and Senate races and a comparison of the candidates on the issues.

  • Oct 1- The following are the top stories on the New York Times business pages on Monday. *A tax break for wage earners for which the White House campaigned hard last winter now finds little support in Washington, as Congress struggles with deficits.

  • WASHINGTON-- American Express Co. is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. American Express is refunding $85 million to about 250,000 customers and is paying $27.5 million in civil fines.

  • BRUSSELS, Oct 1- Europe will tell the United States, Japan and Canada next week that it is acting to resolve its sovereign debt crisis, but that U.S. fiscal policy and slowing growth in Japan and China also pose risks to the global economy.

  • WASHINGTON-- Chairman Ben Bernanke offered a wide-ranging defense Monday of the Federal Reserve's aggressive policies to stimulate the still-weak economy. The Fed needs to drive down long-term borrowing rates because the economy isn't growing fast enough to reduce high unemployment, Bernanke said in a speech to the Economic Club of Indiana.

  • WASHINGTON-- The U.S. Federal Aviation Administration is fining British Airways up to $250,000 for advertising fares that didn't fully disclose taxes and fees that passengers must pay.

  • WASHINGTON-- The Supreme Court opened its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities.

  • WASHINGTON, Oct 1- The Supreme Court on Monday rejected an appeal by the former chief executive of a kosher meat packing plant in Iowa who was sentenced to 27 years in prison on charges of financial fraud.

  • Mid-Career median salary: $114,000

    Location, prestige, academic reputation, and tuition are major factors for students in the college-selection process, but post-graduation salary is something rarely taken into consideration. Click to learn more.