Futures are rising as Chairman Ben Bernanke heads to Capitol Hill to explain what the Federal Reserve will do to accelerate the economic recovery only days before a series of mandatory budget cuts kick in.
Stocks are closing lower on Wall Street following news that several top Federal Reserve officials are doubtful about continuing the central bank's economic stimulus. The S&P 500 index had its biggest loss of the year.
The Federal Reserve says growth "paused" in recent months and reaffirmed its commitment to boost a sluggish U.S. economy by keeping borrowing cheaply for the foreseeable future.
In a homegrown version of economic stimulus, the township of Marlboro, N.J., is giving residents a break on their property taxes if they shop at local stores participating in the "Shop Marlboro!" campaign.
The Federal Reserve says it will keep spending $45 billion a month to sustain an aggressive drive to keep long-term interest rates low, with the express purpose of hitting the accelerator on economic growth until unemployment drops below 6.5 percent.
The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent to $117.4 billion in the second quarter.
This fall, as Americans prepare to mark their ballots, Republicans are hoping that voters' minds will be focused on one (and only one) simple question: Are you better off today than you were four years ago? Unfortunately for the GOP, the answer isn't quite as clear as they'd like.
The ranks of America's poor remained stuck at record levels, although dwindling unemployment benefits and modest job gains helped stave off what experts had predicted would be the fourth rise in a row in the poverty rate.
When pundits talk about the fiscal cliff, they7 usually focus on the damage that'll be caused by the expiring Bush tax cuts and the across-the-board budget cuts. But what you'll probably feel first will be the end of the payroll tax holiday, which will take an instant bite out of your paycheck.
When politicians talk about "job creators," they usually mean big industries and prominent industrialists. But the Fifty Shades of Grey phenomenon has shown that job creation -- and stimulus -- can come from some very odd quarters, and impact the economy in unusual places. In the last six months, the erotic novel Fifty Shades of Grey
A gauge of future U.S. economic activity improved in July on a drop in new claims for jobless benefits and an increase in housing permits, although the reading still pointed to sluggish growth ahead.
Former President Bill Clinton offered up some wide-ranging prescriptions for curing the nation's ailing economy in a speech at the National Retail Federation's annual convention Monday, from investing in new sectors for job growth to cutting taxes on business.
Now that Hurricane Irene has passed, it's time to get back to discussing the country's biggest unnatural disaster: the economy. But here, too, Irene is making her impact felt, as economists and pundits across the country debate whether the hurricane will help or hurt America's bottom line.
It's matrimony's version of a financial stimulus program. The moment Jose Matos proposed to Juan Estrada after New York approved same-sex marriage, the pair joined thousands of gay couples expected to boost the state's economy. Caterer? Check. Flowers? Check. Engraved invitations? Yup.
When a Federal Reserve committee meets Tuesday to consider the federal interest rate, it will likely revise its glum outlook into something brighter. But will it also acknowledge the U.S.'s growing inflation problem?