| Oct 30, 2013
| 6:49 AM
WASHINGTON -- Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday.
The figure was below the 150,000...
| Oct 29, 2013
| 6:40 PM
Home prices in the nation's largest metro areas jumped sharply in August, but the rate of increases is slowing, according to a leading gauge.
The Standard & Poor's/Case-Shiller index of home prices in 20 large U.S. metros rose 1.3% from July and 12.8%...
| Oct 11, 2013
| 4:45 PM
It might seem like a paid vacation for the 500,000 federal workers on furlough.
They've been out of work since last week and were promised back pay once a budget is passed and the government reopens.
But for many rank-and-file employees who live...
| Oct 10, 2013
| 8:03 AM
WASHINGTON -- Treasury Secretary Jacob J. Lew on Thursday would not commit to paying interest on government bonds if the debt limit is not raised, saying it would be extremely difficult to choose which bills to pay if there is not enough money.
| Oct 2, 2013
| 4:26 PM
WASHINGTON — To Wall Street, the partial government shutdown is another unfortunate economic speed bump caused by partisan political fighting.
Failure to raise the debt limit, triggering a first-ever federal default, would be a brick wall on the...
| Oct 7, 2013
| 12:36 PM
Despite doomsday predictions, neither the government shutdown nor the upcoming debt ceiling debate will negatively affect U.S. creditworthiness, according to Moody's Investors Service.
The credit rating company, which predicted last month that...
| Oct 1, 2013
| 8:23 PM
WASHINGTON — The effect of the partial government shutdown began hitting businesses Tuesday, with the potential for bigger problems if federal agencies remained closed more than a few days.
A budget stalemate left many agencies with no money,...
| Sep 30, 2013
| 6:19 PM
WASHINGTON — The last time the federal government shut down, for three weeks in the winter of 1995-96, the American economy felt a jolt but recovered quickly.
Things don't look anywhere near as promising this time around.
The nation is currently...
| Sep 24, 2013
| 5:52 PM
The pace of home price gains appears to be slowing nationally, even as metropolitan markets posted strong year-over-year increases in July, according to a leading index.
Home prices rose 1.8% over June and 12.4% compared with a year earlier, according...
| Sep 24, 2013
| 1:03 PM
WASHINGTON -- A federal government shutdown or a failure to raise the debt limit -- both of which could happen next month -- would disrupt financial markets and hurt the U.S. economy, Moody's Investor Services warned Tuesday.
A stalemate over increasing...
| Oct 22, 2013
| 6:32 AM
WASHINGTON -- Americans are more pessimistic about the state of the economy after the partial government shutdown and debt limit fight, according to poll results released Tuesday.
Just 29% of respondents in a CNN/ORC International survey said economic...