| Mar 13, 2014
| 9:50 PM
As heavy snow shut down businesses and federal offices again this month, liberated workers tweeted about sipping hot cocoa, lying under blankets and bingeing on "House of Cards."
But Edwin Gotico spent the day reading and responding to emails and...
| Dec 5, 2013
| 7:27 AM
WASHINGTON -- The economy grew at a surprisingly robust 3.6% annual rate from July through September, much faster than initially reported, the Commerce Department said Thursday.
But much of the improvement was driven by a large buildup in inventories by...
| Jan 30, 2014
| 5:48 PM
WASHINGTON — U.S. consumer spending ended last year with a flourish, lifting overall economic growth and renewing hopes that the recovery will hit its stride this year and boost employment and incomes.
The economy expanded at a solid 3.2% annual...
| Jan 31, 2014
| 6:03 PM
The stock market closed out its worst month in more than a year and a half as turmoil in the developing world sparked a broad decline in U.S. share prices.
The Dow Jones industrial average slumped nearly 150 points to end January with a 5.3% drop, its...
| Feb 4, 2014
| 8:06 PM
WASHINGTON — The U.S. economy should grow at a solid rate over the next few years, but the labor market will continue to recover only slowly, according to new projections by the Congressional Budget Office.
In its latest budget and economic...
| Nov 19, 2013
| 7:55 AM
WASHINGTON — A leading international group on Tuesday cut its forecast for global economic growth through next year, warning that fiscal and monetary policy decisions looming in the U.S. could derail the recovery.
The Organization for Economic...
| Feb 4, 2014
| 7:14 AM
A top Federal Reserve official expects the central bank to continue reducing a key stimulus program even though he sees more modest growth this year than many analysts have projected.
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond,...
| Feb 6, 2014
| 8:35 AM
A fascinating debate has broken out among economists and economic pundits concerning the Congressional Budget Office's projections that the Affordable Care Act will allow -- or induce -- some workers to leave the job market.
The debate is over whether,...
| Feb 17, 2014
| 4:30 PM
WASHINGTON — Brutal winter weather contributed to a downturn in job growth and other economic data, raising questions about the strength of the recovery and testing the Federal Reserve's resolve in unwinding its key bond-buying stimulus program....
| Feb 17, 2014
| 2:20 PM
WASHINGTON – Five years after its passage, White House officials and their Republican critics are still fighting over the merits of President Obama’s economic stimulus law.
Later this week, Obama will mark the fifth anniversary of signing...
| Dec 16, 2013
| 10:26 AM
U.S. worker productivity jumped in the third quarter, increasing by 3%, the largest increase in nearly four years, the Labor Department reported Monday.
The gain is revision from a previous preliminary reading of 1.9%.
Overall, the country's...