| Oct 9, 2013
| 5:57 PM
WASHINGTON — The Federal Reserve appeared poised a few weeks ago to start pulling back on its unprecedented support for the economy, but surprisingly stopped short out of fear the recovery still was too fragile.
That was before the budget...
| Sep 16, 2013
One of the biggest pieces of business Congress has yet to resolve is the farm bill, legislation that has enjoyed bipartisan support for decades. Unfortunately, the process to reauthorize this crucial bill has taken a sharp and disheartening turn this...
| Oct 17, 2013
| 7:46 AM
Fixed mortgage rates rose early this week amid the debt crisis, Freddie Mac's latest survey showed, with lenders offering the 30-year home loan at an average of 4.28%, up from 4.23% a week earlier.
The offering rate for 15-year fixed mortgages...
| Oct 16, 2013
| 12:57 PM
World financial leaders have been warning for weeks that the U.S. congressional gridlock over funding the government and raising the debt ceiling are imperiling economies worldwide and undermining confidence in the U.S. dollar.
Even the news Wednesday...
| Aug 16, 2013
| 6:49 PM
WASHINGTON — You may have seen two sets of news reports recently that didn't quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac, the country's largest providers of funds for home mortgages. Then, Fannie Mae...
| Sep 6, 2013
| 9:29 PM
Everybody wants to see the perpetrators of the financial crisis punished, but you have to feel a little sorry for Standard & Poor's, the credit rating firm being sued by the federal government for its role in the disaster.
S&P clearly has its back to...
| Aug 1, 2013
WASHINGTON — Improving economic data is making the prospects more likely that the Federal Reserve will start tapering its massive bond buying next month, a move that suggests the recovery is on solid ground but that would be likely to roil Wall...
| Jul 19, 2013
| 6:54 AM
WASHINGTON -- The shrinking budget deficit and improving economy has led Moody's Investor Services to affirm the nation's AAA credit rating and upgrade the outlook for government debt to stable from a negative watch that could have led to a downgrade....
| Jul 17, 2013
| 12:34 PM
Restaurants fueled a 27,910 rise in franchise jobs in June, according to a report released Wednesday by a national payroll processor.
About 75% of private-sector franchise jobs added last month were from restaurants, the ADP National Franchise Report...
| Jun 18, 2013
| 9:17 PM
For all the mixed messages from the Fed and the uncertainty that has roiled financial markets recently, one thing looks very clear: The era of declining interest rates is over.
After three decades in which borrowing costs for Americans have pretty...
| Jun 10, 2013
| 9:58 AM
WASHINGTON -- Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating.
The automatic federal...