| Sep 10, 2013
| 8:46 AM
WASHINGTON -- The Treasury Department will be unable to pay all the nation’s bills starting sometime between Oct. 18 and Nov. 5 unless Congress raises the debt limit, according to a private analysis released Tuesday.
The new "X date" from the...
| Oct 15, 2013
| 11:15 AM
NEW YORK – The prospect of a U.S. debt default has unnerved investors, corporate executives and foreign leaders.
What's so troubling about Congress failing to raise the nation’s debt ceiling by Thursday? Here are basic facts about the debt...
| Oct 31, 2013
| 1:44 PM
In response to longstanding complaints, federal officials said they will allow workers to carry over some unused money held in flexible spending accounts for healthcare expenses.
The U.S. Treasury Department and Internal Revenue Service announced the...
| Nov 7, 2013
| 12:06 PM
WASHINGTON -- Freddie Mac, the mortgage finance firm seized by the government in 2008 along with sibling Fannie Mae, will pay the Treasury $30.4 billion in dividends after posting a third-quarter profit and will have more than offset its bailout costs,...
| 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...
| Nov 21, 2013
| 7:30 AM
WASHINGTON — The Treasury Department said Thursday it has sold an additional 70.2-million shares of General Motors Co. stock acquired as part of the automaker's bailout and expects to unload the rest by the end of the year.
The sale of the final...
| Nov 7, 2013
| 5:33 AM
WASHINGTON -- Seized mortgage finance giant Fannie Mae posted its seventh-straight quarterly profit in the July-through-September period and will pay the government $8.6 billion in dividends, bringing it close to offsetting the cost of its 2008 bailout,...
| Oct 9, 2013
| 7:02 AM
WASHINGTON -- The U.S. needs to get "its act together" and raise the debt limit before a default derails the nation's recovery and damages the world economy, a top International Monetary Fund official said Wednesday.
Short-term interest rates have risen...
| Oct 2, 2013
| 7:47 AM
WASHINGTON -- The private sector added a disappointing 166,000 net new jobs last month and significantly revised down its estimate for August in a sign that labor market growth weakened through the summer, payroll processing firm ADP said Wednesday.
| Sep 30, 2013
| 1:06 PM
WASHINGTON -- Standard & Poor's said Monday that the current impasse over funding the federal government and raising the debt limit probably would not lead to another downgrade of the U.S. credit rating -- as long as the stalemate didn't last long....
| Jan 27, 2014
| 5:20 AM
Colorful, crumbling and controversial, Cuba is caught between then and now, between communism and capitalism and the challenge of two currencies.
Thanks to a loosening of travel restrictions for Cuban-Americans by President Barack Obama, Cubans are...