| Oct 9, 2013
| 6:17 PM
Until recently, the markets largely ignored the political jockeying over whether to raise the federal debt ceiling, figuring there's no way Congress would purposely default on the nation's obligations and potentially throw the U.S. economy into another...
| Oct 13, 2013
After plunging early in the week over fears that the United States might default on its debts, stocks rallied Thursday and Friday after House Republicans showed a willingness to temporarily extend the debt ceiling for six weeks.
Investors clearly were...
| Jun 12, 2013
| 9:08 AM
WASHINGTON -- As Congress readied for a new battle over raising the debt limit, Sen. Barbara Boxer announced legislation that would prevent lawmakers from being paid if they did not increase the nation's borrowing authority.
"It is an American value...
| Jun 17, 2013
| 7:52 AM
President Harry S. Truman's famous adage — "The buck stops here" — sat on his desk in the Oval Office as a clear reminder that as president, he was responsible for the decisions he made and what happened in his administration. It sent a...
| Jun 19, 2013
| 7:04 AM
WASHINGTON -- Treasury Secretary Jacob J. Lew has improved his penmanship, unveiling a less loopy version of his unusual signature that will be printed on U.S. paper currency.
Lew's official signature, which is somewhat more legible than the one he used...
| Jun 22, 2013
| 6:52 AM
Maryland's housing market is improving, but many homeowners still face trouble.
Foreclosure activity in Maryland last month reached a 33-month high, according to RealtyTrac, which gathers real estate data nationwide. Among the states, Maryland had the...
| Jun 24, 2013
| 6:14 PM
Work crews are putting the finishing touches on Glennwood House of Laguna Beach in anticipation of its July 13 grand opening.
The newly renovated 30,000-square-foot facility at 2130 S. Coast Hwy. will house 50 developmentally disabled young adults....
| 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...
| Oct 15, 2013
| 4:21 PM
WASHINGTON -- House leaders called off plans to vote on their new budget plan, after failing to get enough support from conservative rank-and-file members to pass the proposal.
A meeting of the House Rules Committee, which must approve any legislation...
| Oct 16, 2013
| 5:00 AM
WASHINGTON — If the debt limit isn't raised by Thursday's deadline, the cash flow problems of the world's wealthiest nation could be boiled down to a simple mathematics equation: 10 is greater than 7.
The Treasury Department spends an average of...
| Oct 16, 2013
| 12:57 PM
World financial leaders have been warning for weeks that the U.S. congressional gridlock over funding the government and raising the debt ceiling are imperiling economies worldwide and undermining confidence in the U.S. dollar.
Even the news Wednesday...