Next Budget Showdown Is Just 6 Weeks Away
The deal between Democrats and Republicans to raise the government's debt limit did not end the warfare over the federal budget. It was merely a temporary ceasefire. The conventional wisdom in…
Debt Crisis Could Be Turning Point for US-China
When President Nixon went on his historic visit to China in 1972, he probably wouldn't have predicted that within four decades the country then struggling to emerge from decades of disastrous…
The Federal…
(Reuters) - One of…US stocks rise after unemployment report
NEW YORK (AP) -- Stocks are rising after news that fewer people joined the unemployment line last week and word that a technology bellwether's profit beat expectations. The Dow Jones industrial…
Are Computers Bringing Down The Stock Market?
Any time something bad happens, we're always looking for a reason why. Some would say that we're always looking for someone or something to blame but our motives may simply be to make sense of a…
Stock…Central Bankers Race to Protect Growth in 72 Hours of Crisis
Aug. 11 (Bloomberg) -- Central bankers are racing to shield their economies from fiscal tightening and lopsided currency swings that threaten a new global recession. In the 72 hours after a Group of…
Fed Said to Follow Basel Capital Rules for Biggest U.S. Banks
Aug. 10 (Bloomberg) -- Federal Reserve officials are drafting rules for the biggest U.S. banks that won’t be more stringent than international capital standards agreed to in Basel, Switzerland,…
France Seeks New Deficit Battle Plan
PARIS—The French government pledged Wednesday to consider fresh tax rises, spending cuts and other budget measures to ensure the country doesn't deviate from a challenging deficit-reduction…