Suddenly, Europe Is Taking a Harder Line on Russia Sanctions
2014-04-16 01:21:48 UTC
As violence escalates in eastern Ukraine, Europe is moving toward an action some thought it might never take: the imposition of stringent economic sanctions on Russia. Angela Merkel, the Russian-speaking German chancellor whose country has more at...
IMF were "deeply disappointed" if US Congress failure to act
2014-04-13 01:03:47 UTC
The 188-country International Monetary Fund concluded weekend meetings with pledges to work toward faster growth that will alleviate still-high unemployment.
The United States came in for criticism in that statement.
It said officials were "de...
Obama Banks on Sebelius Leaving to Take Heat Off Party
2014-04-11 16:13:26 UTC
The departure of Kathleen Sebelius from President Barack Obama’s cabinet removes a focal point for criticism over Obamacare’s troubled rollout, right at a moment when the White House can blunt attacks with enrollment numbers that exceeded targets....
Unemployment insurance: Boehner may not allow vote on Bill
2014-04-09 09:31:30 UTC
A bipartisan attempt to restore unemployment insurance to more than two million out-of-work Americans appeared likely to fall victim to deadlock in Congress on Tuesday.
The Senate passed legislation on Monday night that would temporarily extend...
Angela Merkel approves Germany's first minimum wage
2014-04-02 16:29:21 UTC
German Chancellor Angela Merkel has approved the country's first minimum wage, at 8.50 euros an hour (£7; $11.75), to start in 2015.
At the moment, the country is one of seven in the 28-nation EU without a minimum wage level.
Germany has rel...
Obama healthcare 'here to stay'
2014-04-02 07:21:20 UTC
US President Barack Obama says his embattled signature healthcare programme is "here to stay" after more than 7 million Americans signed up.
He told reporters the law, nicknamed Obamacare, represented progress and benefitted the economy.
Obama extends sanctions to include Putin supporters
2014-03-20 20:43:36 UTC
President Obama has extended financial sanctions against Russia to include wealthy supporters of Vladimir Putin and a bank close to the Kremlin, in a bid to deter Russian military incursions into eastern and southern Ukraine.
Amid growing press...
Yellen to enter spotlight as new leader of Fed
2014-03-19 06:32:08 UTC
WASHINGTON (AP) — Investors will be watching closely Wednesday for any hints of how a Janet Yellen-led Federal Reserve might differ from the path set by her predecessor, Ben Bernanke.
The Yellen era will begin in earnest when the Fed ends two d...
US producer prices dip 0.1 percent in February
2014-03-14 17:28:14 UTC
WASHINGTON (AP) — The prices companies receive for their goods and services fell slightly in February, the latest sign that inflation is tame.
The producer price index, which measures price changes before they reach the consumer, dropped 0.1 pe...
Former Obama adviser: Build Keystone XL pipeline
2014-03-14 03:21:12 UTC
WASHINGTON (AP) — President Barack Obama's former national security adviser said Thursday that Obama should approve the Keystone XL oil pipeline to send Russian President Vladimir Putin a message that "international bullies" can't use energy secur...
China's inflation rate eases to 2 pct in February
2014-03-09 06:35:19 UTC
BEIJING (AP) — China's inflation rate eased in February to 2 percent year-on-year amid signs the world's second-largest economy might be cooling.
The consumer price rise reported Sunday by the National Bureau of Statistics was down from January...
Pledged, planned and recalled aid for Ukraine
2014-03-06 07:01:04 UTC
BRUSSELS (AP) — The United States and the European Union have offered financial aid to Ukraine and Russia has halted its rescue program for the country. The moves are part of the international tussle over Ukraine's political and economic future, p...
German consumers increasingly confident
2014-02-26 09:13:55 UTC
BERLIN (AP) — German consumers are continuing to look ahead optimistically in 2014 as Europe's largest economy's growth accelerates.
The forward-looking GfK consumer climate survey released Wednesday rose to 8.5 points for March, following a re...
NABE economists divided over pace of Fed tapering
2014-02-24 10:41:19 UTC
WASHINGTON (AP) — Business economists are almost equally divided over whether the Federal Reserve will pare back bond purchases at the current pace through year's end or take a small breather to let the economy recover further.
The views were u...
Obama budget to drop benefit cost-of-living trims
2014-02-21 08:59:31 UTC
WASHINGTON (AP) — President Barack Obama will propose an election-year budget that would drop reductions he had previously embraced in federal benefits, officials disclosed Thursday. He also will ask Congress to approve about $56 billion in new or...
Budget office: Wage hike would lift pay, cost jobs
2014-02-19 07:59:48 UTC
WASHINGTON (AP) — Boosting the federal minimum wage as President Barack Obama and congressional Democrats are proposing would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 jobs, Cong...
Obama, fellow Dems are at odds on big trade bills
2014-02-19 07:53:17 UTC
WASHINGTON (AP) — President Barack Obama wants to put major emerging trade deals with Europe and Asia on a "fast track" to congressional passage. But with midterm elections looming, many fellow Democrats are working to sidetrack them inste...
Obama signs debt ceiling measure into law
2014-02-16 07:49:11 UTC
RANCHO MIRAGE, Calif. (AP) — President Barack Obama on Saturday signed separate measures into law to lift the federal debt limit and restore benefits that had been cut for younger military retirees.
Obama signed the bills during a weekend...
Eurozone recovery accelerates but jobs elusive
2014-02-15 06:05:43 UTC
BRUSSELS (AP) — Europe's economy is growing faster, raising hopes for a sustainable recovery, but that may not be enough to bring sky-high levels of unemployment down anytime soon.
The economy of the euro bloc grew 0.3 percent in the Octobe...
Dems hope to force House vote on minimum wage hike
2014-02-14 07:53:42 UTC
CAMBRIDGE, Md. (AP) — House Democrats said Thursday they will try to highlight GOP resistance to a higher minimum wage with a tactical maneuver meant to bring new attention to an issue they consider a political winner.
House Democratic le...
Suspense in Senate: Debt vote shrouded in secrecy
2014-02-14 07:51:36 UTC
WASHINGTON (AP) — Financial markets were watching, the retirement accounts of millions of Americans on the line.
Nervous senators were watching too, well aware that political fortunes could be on the line.
So on perhaps the most impo...
Obama raises minimum wage for contract workers
2014-02-13 07:51:12 UTC
WASHINGTON (AP) — President Barack Obama increased the minimum wage for a few hundred thousand federal contractors on Wednesday, then pressed the divided Congress to pass broader legislation that would apply to all workers. Obama declared, "It's t...
'Clean' debt limit: An unequivocal victory for Obama
2014-02-12 08:25:25 UTC
WASHINGTON (AP) — For nearly three years Republicans have demanded that increases in the debt ceiling be accompanied by spending cuts.
That demand abruptly vanished Tuesday, the victim of Republican disunity and a president determined not to ba...
Yellen to investors: Expect continuity at the Fed
2014-02-11 21:59:49 UTC
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.
Facebook's Mark Zuckerberg biggest giver in 2013
2014-02-10 08:30:48 UTC
SEATTLE (AP) — Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at more than $970 million, to a Silicon Valley nonprofit in Decemb...