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Sen. Rand Paul laying groundwork for possible presidential run
CEDAR RAPIDS, Iowa — If he runs for president, says Sen. Rand Paul (R-Ky.), he wants to be considered on his own merits. But when he brought his fledgling campaign to Iowa this weekend, there was no escaping the double-edged legacy of the man he's...
Tags: U.S. Congress, Immigration Reform Legislation (2013), Immigration, Politics, Ron Paul
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European Central Bank cuts key interest rate to fight recession
WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone. The central bank's policymakers lowered its main refinancing rate by 0.25...
Tags: European Central Bank, Mario Draghi, Central Bank, Economy, Business and Finance, Career and Workplace
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Fed is open to altering bond policy
WASHINGTON — Federal Reserve policymakers signaled for the first time that they could "increase or reduce" their controversial efforts to stimulate the economy in the future, but for now they're holding pat. After a two-day policy meeting, the...
Tags: Central Bank, Economy, Business and Finance, Career and Workplace, Finance, Automatic Data Processing, Inc.
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Jobs numbers send stocks to record highs
NEW YORK —The economy may still be dallying on its way to a recovery, but investors are paying that no mind, sending the stock market to all-time highs after a better-than-expected April jobs report. The Dow Jones industrial average and the...
Tags: Prudential Financial Incorporated, Bonds, Credit Ratings, Economy, Business and Finance, Finance
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Stocks stall on tepid economic growth
The stock market stalled Friday after the U.S. economy didn't grow as much as hoped and earnings from a handful of big companies failed to rev up investors. The economy grew at a 2.5 percent annual rate in the first three months of the year, the...
Tags: Earnings, NASDAQ, Amazon.com Inc., Financial Markets, Companies and Corporations
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Lawmakers push bill to break up too-big-to-fail banks
WASHINGTON -- Two lawmakers on Tuesday introduced legislation to break up banks that are deemed too big to fail, arguing taxpayers should not be faced again with bailing out firms that have become even larger since the financial crisis. "We have a...
Tags: U.S. Congress, Small Businesses, Politics, Government, Economy, Business and Finance
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Benjamin Franklin gets a face lift: New $100 bill coming this fall
The Federal Reserve said Wednesday that a newly designed $100 bill would begin circulating in October, more than two years after the initial target date. The $100 bill, a prime target for counterfeiters, will in its new version feature advanced security...
Tags: Africa
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Rich get richer in recovery, but net worth of lower 93% declines
WASHINGTON -- The richest 7% of American families saw their average wealth soar 28% from 2009 to 2011, while the remaining 93% of households lost 4% of their net worth over that same period, according to a new report. The analysis of Census Bureau...Tags: New York University, Demographics, Bonds, Economy, Business and Finance, Finance
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Republicans intensify pressure to limit powers of consumer agency
WASHINGTON — Republicans have stepped up their pressure to limit the wide-ranging powers of the nation's watchdog over consumers' money matters. The head of a key House committee overseeing the Consumer Financial Protection Bureau said he would no...
Tags: U.S. Consumer Financial Protection Bureau, Politics, Barack Obama, Elizabeth Warren, Work Relations
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Wealth of nearly all Americans fell after the recession
WASHINGTON — The richest 7% of American families saw their average wealth soar 28% from 2009 to 2011, while the remaining households lost 4% of their net worth over the same period, according to a new report. The analysis of Census Bureau data...
Tags: New York University, Demographics, Bonds, Economy, Business and Finance, Finance
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House chairman bars consumer bureau chief from testifying
WASHINGTON -- The head of the Consumer Financial Protection Bureau will deliver his semi-annual report to the Senate Banking Committee on Tuesday morning, but he's not welcome to do the same before a House panel. House Financial Services Committee...
Tags: U.S. Congress, Politics, U.S. Consumer Financial Protection Bureau, Crime, Law and Justice, Career and Workplace
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Eurozone's unemployment climbs to 12.1%, a fresh record high
WASHINGTON -- The Eurozone's unemployment rate hit a record high of 12.1% in March as the region continued to struggle with recession, government officials said Tuesday. The seasonally adjusted jobless rate for the 17-nation group topped the previous...
Tags: European Union, Central Bank, Virgin Group, Ltd., Energy, Career and Workplace
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