×

Top News & Analysis Washington DC

  • WASHINGTON-- Eager to take note of signs of recovery, President Obama is drawing attention to improvements in the housing industry while keeping up pressure on Republicans to back policies the White House says would help struggling homeowners refinance their debts.

  • WASHINGTON-- Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the nation's drug supply. In 2007, Medicare revoked coverage of compounded inhaler drugs for lung disease.

  • WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.

  • Debate Strategies: Romney vs. Obama

    Pew Research is ranking Romney ahead of President Obama on favorability. Discussing the poll numbers, and the candidates' debate strategies, with Sam Seder, Majority Report host; Jim Geraghty, National Review; and James Pethokoukis, American Enterprise Institute.

  • Building An Election Portfolio

    The outcome of the election could have major consequences on your investment portfolio. How should you position yourself now? Larry McDonald, Newedge Group, weighs in.

  • What's Obama's Agenda?

    Austan Goolsbee, Chicago Booth School of Business professor, think President Obama won this week's debate; while Michael Ozanian, Forbes Magazine executive editor, says Romney's economic plan is superior because it's pro-growth.

  • WASHINGTON-- Regulators on Friday closed two small banks in Florida and one in Missouri, bringing to 46 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. seized GulfSouth Private Bank and First East Side Savings Bank, both in Florida. Regulators also shuttered Excel Bank in Missouri.

  • WASHINGTON-- Regulators say they have closed two small banks in Florida, bringing to 45 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. seized GulfSouth Private Bank, based in Destin, and First East Side Savings Bank, based in Tamarac. GulfSouth had about $159.1 million in assets and $151.1 million in deposits as of June 30.

  • The Federal Deposit Insurance Corp. seized GulfSouth Private Bank, based in Destin, Fla.. The failure of GulfSouth Private Bank, which had four branches, is expected to cost the deposit insurance fund $36.1 million. GulfSouth Private Bank is the sixth FDIC- insured institution in Florida to fail this year.

  • WASHINGTON-- A proposed settlement in a class-action lawsuit brought by retailers and trade groups against Visa Inc. and MasterCard Inc. fails to protect merchants from abuse by credit card companies, a national retail group says.

  • CLEVELAND-- Unemployment rates fell last month in nearly all of the battleground states that will determine the presidential winner, giving President Barack Obama fresh fodder to argue that voters should stick with him in an election focused squarely on the economy.

  • FAST TRACK: Test runs started zooming along a section of the Amtrak line between Chicago and St. Louis at 111 mph Friday. The 30- mph increase from the route's current top speed is a morale booster for advocates of high-speed rail.

  • GUNS GUNS GUNS: An analysis by The Associated Press of data tracking the health of the gun industry shows that President Barack Obama has presided over a heyday for guns. WHAT'S HAPPENED: Sales are on the rise, so much that some manufacturers cannot make enough fast enough.

  • The order is taking shape as the Obama administration voices growing concern that Iran could be the first country to use cyberterrorism against the United States. The White House declined to say when the president will sign the order. Congress failed this summer to pass cybersecurity legislation.

  • WASHINGTON-- Tennessee lawyer Brian Manookian says he never considered himself a gun enthusiast. He owns just one handgun and was raised in a gun-free home. An analysis by The Associated Press of data tracking the health of the gun industry shows that President Barack Obama has presided over a heyday for guns.

  • WASHINGTON-- The maker of Banana Boat sunscreen is recalling a half-million bottles of spray-on lotion after reports that a handful of people have caught on fire after applying the product and coming in contact with open flames.

  • WASHINGTON-- Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the nation's drug supply. In 2007, Medicare revoked coverage of compounded inhaler drugs for lung disease.

  • But times are tough for unions in the Rust Belt, even in a longtime bastion like Michigan.

  • JOLIET, Ill.-- For the first time on a key Midwestern route between Chicago and St. Louis, an Amtrak passenger train topped 110 mph Friday, ripping through fog-shrouded farm fields and blowing past cars on a parallel highway. Illinois and the country was a wasteland when it came to high speed rail, "said U.S.