Top News & Analysis Washington DC

  • WASHINGTON, Oct 5- U.S. consumer credit rebounded strongly in August after posting its first decline in nearly a year in July, Federal Reserve data showed on Friday. U.S. consumer credit rose $18.12 billion, the biggest gain since May, following July's revised $2.45 billion decline.

  • WASHINGTON, Oct 5- U.S. consumer credit rebounded strongly in August after posting its first decline in nearly a year in July, Federal Reserve data showed on Friday. U.S. consumer credit rose $18.12 billion, the biggest gain since May, following July's revised $2.45 billion decline.

  • WASHINGTON-- Americans boosted their borrowing in August by the largest amount in three months with strong gains in the category that covers auto and student loans and in credit card debt. The August borrowing gains reflected a $4.2 billion increase in borrowing on credit cards and a $13.9 billion increase in auto and student loans.

  • *May apply sanctions on Iran central bank transactions. *Aimed at pressuring Iran to rein in nuclear program. WASHINGTON, Oct 5- Lawmakers in the U.S. Congress are looking at ways to expand economic sanctions on Iran, measures that have helped push the country's currency into free fall but have not yet pressured Tehran to abandon its nuclear program.

  • KEY IMAGES: The ad shows GOP presidential candidate Mitt Romney getting behind the wheel of an SUV, then cuts to Romney standing and speaking into the camera. Text on the screen says: " Mitt Romney in his own words" and he says: "Let me tell you how I will create 12 million jobs when President Obama couldn't.

  • *More than 137,000 temp jobs have been added in 2012. Oct 5- Businesses wary about the U.S. presidential election and the outlook for fiscal policy will probably hire temporary workers in the fourth quarter rather than full timers, a view that lifted staffing company shares on Friday.

  • WASHINGTON, Oct 5- The housing bust has saddled the United States with an "extraordinary" level of abandoned properties that inflict heavy costs on the wider community and government aid may be needed to tackle the problem, a top U.S. central banker said on Friday.

  • *Nonfarm payrolls rose 114,000 in September* Unemployment rate falls to 7.8 percent, lowest since 2009* Household survey shows most job gains since 1983* Average hourly earnings gain 7 cents* Report is second to last before Nov. 6 elections By Lucia Mutikani.

  • *Dish says Gannett wants it to shut down Hopper DVR. *Gannett source says it never asked Dish to disable Hopper. Oct 5- Gannett Co Inc and the Dish Network Corp are sparring over fees that could leave Dish customers blacked out from major networks on Sunday in a fight the No. 2 satellite TV provider said involves its controversial DVR, the Hopper.

  • WASHINGTON-- A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama's watch.

  • *Iran will defeat "conspiracy" against the rial, aide says. DUBAI, Oct 5- Iran will defeat a "conspiracy" against its foreign currency and gold markets, an adviser to supreme leader Ayatollah Ali Khamenei said on Friday, with pressure mounting on the authorities to deal with the rapid collapse of the rial.

  • WASHINGTON, Oct 5- The U.S. housing bust has saddled the country with an "extraordinary" level of abandoned properties, inflicting heavy costs on the wider community which may warrant government aid to ease the problem, a top U.S. central banker said on Friday.

  • TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.

  • WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away.

  • WASHINGTON-- Salmonella has been found in a New Mexico plant that produces nut butters for retailer Trader Joe's and several other large national grocery chains, the Food and Drug Administration said Friday.

  • FAIRFAX, Va.-- President Barack Obama says an encouraging jobs report shows that the country has made too much progress to turn back to the policies that he says led the nation into an economic crisis. At a campaign event in suburban Washington, Obama said the report was "a reminder that this country has come too far to turn back now."

  • AIRING: This ad by the Obama campaign is airing in the closely contested states of Colorado, Florida, Iowa, New Hampshire, Nevada, Ohio and Virginia. SCRIPT: Republican nominee Mitt Romney said in the first presidential debate that he's "not in favor of a $5 trillion tax cut. It cuts to an image of NBC News reporter Andrea Mitchell citing the Tax Policy Center report.

  • LONDON, Oct 5- Investors staring squarely at the U.S. fiscal cliff may well be ignoring a bigger monetary policy pitfall. But with such an agreement as dependent on the makeup of the House and Senate as the occupier of the White House, this budgetary uncertainty has been parked in "watch, wait and see" mode "until the election outcome becomes clearer.

  • WASHINGTON, Oct 5- The U.S. Commodity Futures Trading Commission filed the highest number of enforcement actions in its 38- year history in the 2012 fiscal year, the agency said on Friday.