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Top News & Analysis Washington DC

  • WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.

  • Vice President Joe Biden told a campaign rally on Tuesday that the middle class has been buried for the past four years, just longer than President Barack Obama's time in the White House.

  • *In one case, payment of more than $7 mln held up over $100 invoice. *Caution shows government taking appropriate care-CEO By Ayesha Rascoe and Roberta Rampton. WASHINGTON, Oct 2- A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.

  • 1030/ 1430: The Energy Information Administration issues weekly petroleum stocks and output data. 2100/ 0100: President Barack Obama and Republican presidential nominee Mitt Romney participate in 90- minute debate. ----------------------------------------------------------DIARY- Federal Reserve Events U.S.

  • WHAT: Institute for Supply Management Non-Manufacturing. FORECASTS Reuters IFR Previous ISM index 53.2 52.9 53.7. --by Theodore Littleton of IFR Markets, a unit of Thomson Reuters.

  • *Unemployment rate likely edged up to 8.2 percent* Average hourly earnings seen nudging up 0.2 percent* Report will underscore Fed's anxiety over weak jobs market By Lucia Mutikani.

  • CLINTON, Iowa-- Republican vice presidential nominee Paul Ryan said Tuesday that he and running mate Mitt Romney would help more Americans find jobs so that they can pay taxes. At a rally on the front lawn of a county courthouse, the Wisconsin Republican faced a question from a voter about why so many people don't pay federal income taxes.

  • WASHINGTON, Oct 2- Google subsidiary Motorola Mobility has dropped a complaint of patent infringement against Apple without explanation. In a brief filing with the International Trade Commission made on Monday, Motorola Mobility said it was dropping without prejudice a complaint that Apple had infringed on seven Motorola patents.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • WASHINGTON, Oct 2- Abbott Laboratories Inc. must pay $700 million in fines and other costs for illegal marketing of its drug Depakote, in line with a p reviously announced settlement, the U.S. Justice Department said on Tuesday.

  • WASHINGTON-- A company owned by Chinese citizens has added President Barack Obama as a defendant in a lawsuit alleging the U.S. government exceeded its authority in blocking the firm's planned wind farm projects in Oregon near a Navy base.

  • Vice President Joe Biden told a campaign rally on Tuesday that the middle class has been buried for the past four years, just longer than President Barack Obama's time in the White House.

  • WASHINGTON, Oct 2- Firms responsible for the 2008 financial crisis will face more government lawsuits, federal and state officials said on Tuesday, a day after New York state sued JPMorgan Chase& Co for fraud over mortgage-backed securities packaged and sold by Bear Stearns.

  • It's not just a matter of keeping up with the times, Duncan said in remarks to the National Press Club. South Korea, which consistently outperforms the U.S. when it comes to educational outcomes, is moving far faster than the U.S. in adopting digital learning environments.

  • *Spain seen requesting bailout, but uncertainty weighs. NEW YORK, Oct 2- The euro rose against the dollar on Tuesday on expectations that a request by Spain for a bailout is imminent, but major stock markets fell on uncertainty of when Madrid will make its request and growing uneasiness over third-quarter earnings.

  • WASHINGTON, Oct 2- The U.S. Supreme Court on Tuesday considered whether the federal government could be liable for money damages by printing confidential credit card information on a customer's receipt, increasing the risk of identity theft.

  • WASHINGTON, Oct 2- U.S. credit terms to hedge funds and other large investors were largely unchanged in the last three months, with lending conditions easing marginally for real estate-backed bond dealers and managed funds.

  • WASHINGTON, Oct 2- A federal judge on Tuesday sentenced Abbott Laboratories Inc to pay $700 million in fines and other costs for illegal marketing of its drug Depakote, in connection with a previously announced settlement, the U.S. Justice Department said. The pharmaceutical maker said in May it would plead guilty to a misdemeanor violation of misbranding.

  • WASHINGTON-- A federal court imposed a judgment of more than $163 million on a woman accused of using computer "scareware" to trick consumers into thinking their computers were infected with viruses and then selling them software to fix the non-existent problem, the Federal Trade Commission said Tuesday.