New storm brews in Congress over paying for disaster relief
August 29, 2011
House Republicans want any new funds spent because of Hurricane Irene or other disasters to be offset by cuts elsewhere. Reporting from Washington— Americans...
Investors Still Rate U.S. Triple A
August 6, 2011
In a week when the Dow plunged on worldwide economic jitters, they still stampeded for Treasuries and sent yields diving. In a world of...
Dollar dips with U.S. debt ceiling talks deadlocked
July 25, 2011
(Daily News) – The dollar dipped in Asia on Monday as U.S. lawmakers had yet to reach a deal to raise the country’s debt ceiling with...
Leaders in Congress scramble toward deal
July 24, 2011
WASHINGTON – Congressional leaders scrambled yesterday to find a way out of the impasse over the nation’s debt and to forge a compromise agreement...
WRAPUP 10-New dispute threatens U.S. debt limit negotiations
July 23, 2011
* Congress drafting legislation, wants plan by Monday * Major disagreement threatens effort: Sen. Reid * Treasury out of money on Aug. 2; AAA...
Obama, lawmakers press ahead for elusive debt deal
July 16, 2011
President Barack Obama and congressional leaders pressed ahead with private talks on deficit reduction on Saturday, seeking an as-yet-elusive way to lift the debt...
Small Gains on Wall St. Cap a Choppy Week
July 15, 2011
Shares rose on Wall Street on Friday, easing the losses sustained over the week, as gains in energy and technology stocks were enough to...
Bernanke: US default would cause ‘major crisis’
July 13, 2011
Testifying before the House Financial Services Committee Wednesday, Fed Chairman Ben Bernanke told lawmakers a U.S. default could send shockwaves through the world. NEW...
Obama, Republicans meet on debt — plot endgame
July 12, 2011
President Obama and congressional leaders met a third straight day Tuesday on efforts to increase the $14.3 trillion debt ceiling, even as they began...
McConnell: no real deficit deal until Obama is gone
July 12, 2011
Senate Minority Leader Mitch McConnell (Credit: AP Photo/J. Scott Applewhite) The Senate’s top Republican said Tuesday that he did not see a way for...