Fed Chairman Ben Bernanke was questioned by senators Tuesday about the central bank's role in the LIBOR rate-setting scandal. He said the Fed had pushed for reform of the rate setting process in 2008 when it became concerned about manipulation of the influential benchmark.
Behind the economic gloom that has seen retail activity decline for three straight months are a weak job market, high debt loads, even fears of the looming 'fiscal cliff.'
A new Monitor/TIPP poll finds that more than 1 in 4 Americans are more likely to vote for Mitt Romney after the court's landmark health-care reform ruling. But that doesn't mean that Republicans will gain from a repeal vote.
A main goal of the Affordable Care Act was to increase the rolls of insured Americans, with about half coming from Medicaid. But the Supreme Court made it easier for states to opt out of the expanded program.
US Supreme Court ruling on the health-care reform law's constitutionality will affect more than the making of public policy. It could also swing the federal budget significantly in either direction.
Stockton, which lost tax revenues from the housing bust and faces high pension costs for retired public workers, serves as a warning. Some US cities face tough choices to avoid bankruptcy.
The US Supreme Court ruling upholding President Obama's health-care reform law carries major import for millions of American families. Notably, many who are uninsured will gain access to health coverage.
Does a new survey really imply that most Americans don't think the election has a significant influence on the economy? A closer look at poll results hints at an electorate knowledgeable about how government works.
The poll results reveal a public with mixed feelings about health-care reform and indicate that both parties will have to tread carefully after the ruling, whichever way it goes.
A US Supreme Court ruling against the individual mandate in the Obama health-care law would batter the insurance industry. It could also raise the price of insurance for millions of Americans.
Sales of previously owned homes fell by 1.5 percent from April to May, the National Association of Realtors reported Thursday. But when viewed in the longer term, sales activity has been rising.
The typical US household saw its net worth fall from $102,844 in 2005 to $66,740 five years later. Although the data are about 1-1/2 years old, they highlight challenges still facing consumers.
Mitt Romney reiterated his position Sunday and drew clear lines of contrast with President Obama, who has encouraged Americans to consider tax hikes on the wealthy.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
Chairman Ben Bernanke said the Fed is ready to make emergency loans to solvent banks to prevent financial panic. The Fed may also consider a new round of quantitative easing, he added.
Fed Chairman Ben Bernanke told lawmakers Thursday that the Fed alone can't put Americans back to work. 'I'd be much more comfortable if Congress would take some of this burden,' he said, bluntly.
On a day that Moody's downgraded the safety rating of six German banks over the eurozone debt crisis, major stock indexes that have been roiled by the crisis rose 2 percent on the Spanish rescue hopes.
Elizabeth Warren, who is seeking to unseat Sen. Scott Brown of Massachusetts, has clarified what she told Harvard and Penn about her native American heritage and when.
A decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup.
Despite fresh optimism about the housing market, home prices in the Case-Shiller Index fell during the first quarter, suggesting that the market is still stabilizing.
Enjoy a thoughtful evening read.
Enjoy a longer, more in-depth read.
Less noise. More insight.