| 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...
| 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...
| 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...
| 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...
| 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 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...
| 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,...
| 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...
| Oct 16, 2012
| 5:52 PM
After high-profile bankruptcies occurred in Stockton and San Bernardino, the financial rating agency Moody’s Corp. has been reviewing the stability of dozens of California cities in recent months....