NEW YORK (CNNMoney) — It’s been about 18 months since the sovereign debt crisis in Europe began attracting attention in global financial circles. In that time, the crisis has grown into the biggest challenge the […]
Ben Bernanke’s decision this month to tell the world US interest rates would remain near zero until unemployment fell below 6.5 per cent is possibly the most pivotal comment for sharemarket investors in four years. […]
The Consumer Financial Protection Bureau (CFPB) has reworked one of its first initiatives on international money transfers after facing industry pushback. The CFPB announced Friday revisions to its rules on so-called remittances to ensure that […]
Barack Obama‘s decisive victory over Mitt Romney in the presidential elections has cemented the future path of monetary policy under Ben Bernanke. After unveiling a fourth round of long-term asset purchases, or quantitative easing, and […]
Neither the Obama administration nor congressional Republicans want to increase taxes on everyone, but most workers are likely to see lower take-home pay in 2013, eating away at economic growth. The White House, in its […]
UBS AG (UBSN) will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits […]
Washington — The Obama administration said Wednesday it will sell 200 million shares — or 40 percent of its remaining stake in General Motors Co. — back to the automaker and announced plans to completely […]
(CNSNews.com) – Under the leadership of House Speaker John Boehner (R.-Ohio), the 112th House of Representatives has thus far approved legislation that has increased the debt of the federal government by $2,176,949,774,695.46—or approximately $18,944 for […]
White House officials have approached American Express Co. (AXP) Chief Executive Officer Kenneth Chenault about joining President Barack Obama’s second-term administration, possibly as Treasury secretary, according to two people familiar with the matter. White House […]
Senator Mark Begich, a Democrat from Alaska, is “pleased” to include more than $200 million in pork spending in the Sandy legislation, a bill meant to help those affected by Hurricane Sandy. The senator’s office […]
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