| Nov 26, 2013
| 7:57 PM
Home prices across the U.S. are showing signs of slower growth, but a recent upswing in new construction plans is injecting the market with optimism that the housing recovery has more momentum left.
Building permits for new homes jumped 6.2% in...
| Nov 30, 2013
| 7:10 PM
U.S. retailers eked out a 2.3% sales gain on Thanksgiving and Black Friday, in line with a prediction for the weakest holiday results since 2009.
Sales at bricks-and-mortar stores on Thanksgiving and Black Friday increased to $12.3 billion, according to...
| Dec 4, 2013
| 5:00 AM
When a train derails and people die, as happened Sunday in New York, there are going to be lots of questions. Eventually, there will be answers to most. But will anyone be able to answer this question: How much are the lives of train passengers worth?...
| Dec 4, 2013
| 5:38 PM
WASHINGTON — The nation's economic recovery, seemingly stuck in another pothole after the 16-day federal government shutdown, now looks to be back on track again — and accelerating into the new year.
Recent data, especially this week, have...
| Dec 9, 2013
| 6:43 PM
WASHINGTON — American households have regained almost all of the wealth lost during the Great Recession, thanks to surging stock prices and recovering home values.
Total household net worth — assets minus liabilities — expanded 2.6%,...
| 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 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 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 15, 2013
| 2:39 PM
WASHINGTON -- Fitch Ratings on Tuesday put the U.S. AAA credit rating on watch for a potential downgrade because of the standoff over raising the nation's debt limit.
The company said it still believed the debt limit would be raised soon, but the...
| 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...
| 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....