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Economist: Nevada's future depends on US recovery (AP) (Jun-15, 20:28 EDT )-- AP - A turnaround in Nevada's economy hinges on recovery in the national economy, a university economist said Tuesday.
Aid to states, the jobless faces Senate hurdles (AP) (Jun-15, 20:20 EDT )-- AP - A bill providing jobless benefits and tens of billions of dollars in new aid for states and Medicare payments for doctors hangs by a thread in Congress despite lingering worries of another recession without it.
Factbox: What U.S. financial overhaul means for the Fed (Reuters) (Jun-15, 17:40 EDT )-- Reuters - The Federal Reserve scored a political victory on Tuesday as Democrats mulling financial reform backed off measures that would expose monetary policy to audits and make the head of the New York Fed bank a political appointee.
House passes tax cut for small-business investment (AP) (Jun-15, 17:37 EDT )-- AP - Long-term investors in some small businesses would escape capital gains taxes under a bill passed by the House Tuesday as congressional Democrats tried to revive their jobs agenda.
A look at global economic developments (AP) (Jun-15, 15:54 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Tuesday:
Fed adopts rules to protect credit card customers (AP) (Jun-15, 15:40 EDT )-- AP - The Federal Reserve adopted new rules Tuesday aimed at protecting credit card customers from getting socked by lofty late payment charges and other penalty fees.
Summary Box: Fed issues credit card protections (AP) (Jun-15, 15:28 EDT )-- AP - NEW PROTECTIONS: The Federal Reserve adopted rules to protect credit card customers from getting hit by abusive fees for late payments and for other things. For instance, the rules bar credit card companies from charging a penalty fee of more than...
Credit card delinquencies fall to 5-month lows (Reuters) (Jun-15, 15:25 EDT )-- Reuters - Fewer Americans fell behind on their credit card bills in May, signaling that consumers are closer to getting their debt levels under control even if the economy remains sluggish.
Summary Box: Holdings of US Treasury debt rise (AP) (Jun-15, 14:53 EDT )-- AP - FOREIGN HOLDINGS: Foreign holdings of U.S. Treasury securities posted another strong gain, rising by $72.8 billion in April to $3.96 trillion.
NY manufacturing grows as import prices slip (Reuters) (Jun-15, 14:21 EDT )-- Reuters - Manufacturing in New York state grew in June even as hiring slowed, supporting views the factory sector is recovering, while import prices recorded their largest decline in nearly a year in May.
Fed orders caps on credit card late fees (Jun-15, 14:15 EDT )-- The Federal Reserve on Tuesday ordered credit card issuers to cap penalty fees at $25 for a single violation within a six-month period and $35 for multiple transgressions. Business - Credit card - Personal Finance - Financial Services - Home
1.6 million more Americans volunteered in 2009 (AP) (Jun-15, 13:44 EDT )-- AP - Amid rough economic times, more Americans volunteered in their communities last year than at any time since 2005, according to a federal report.
China's US govt debt holdings hit 2010 high: Treasury (AFP) (Jun-15, 13:33 EDT )-- AFP - China's holdings of US debt climbed to the highest level this year, the US Treasury said Tuesday even as Beijing stepped up attacks on the United States for its burgeoning debt.
Fed launches CD-like program for banks (AP) (Jun-15, 11:08 EDT )-- AP - The Federal Reserve has launched a new program that allows banks to set up the equivalent of certificates of deposit at the Fed.
Who Will Win This Race to the Bottom? (The Motley Fool) (Jun-15, 10:24 EDT )-- The Motley Fool - There's nothing better for customers than a price war. For a while, competing companies beat each other up, offering increasingly attractive deals to woo new clients to their services. As long as those competitive pressures don't...
June homebuilder sentiment falls post-tax credit (Reuters) (Jun-15, 09:25 EDT )-- Reuters - Home-builder sentiment fell in June by the sharpest amount since the height of the financial crisis as the expiration of a popular homebuyer tax credit dimmed prospective sales, the National Association of Home Builders said on Tuesday.
China and other countries buy US Treasury debt (AP) (Jun-15, 08:28 EDT )-- AP - China boosted its holdings of U.S. Treasury debt for the second straight month as total foreign holdings of U.S. government debt increased.
Import prices show largest drop in nearly a year (Reuters) (Jun-15, 08:27 EDT )-- Reuters - Manufacturing in New York state grew in June even as employment declined, while U.S. import prices recorded their largest decline in nearly a year in May, reports on Tuesday showed.
May import prices post largest drop in 10 months (Reuters) (Jun-15, 07:53 EDT )-- Reuters - Import prices recorded their largest decline in nearly a year in May as petroleum costs plummeted, according to a government report on Tuesday that bolstered views of tame inflation and low interest rates.
German investor confidence tumbles amid crisis (AP) (Jun-15, 07:18 EDT )-- AP - German investor confidence has fallen sharply this month on worries about the persistent eurozone debt crisis and the impact of spending cuts by European governments, a survey showed Tuesday.
Fed's Bullard says U.S. economy won't double dip (Reuters) (Jun-15, 07:16 EDT )-- Reuters - The U.S. economy will not slide into a double dip and inflation risks linger in the medium term, St. Louis Federal Reserve Bank President James Bullard said on Tuesday.
Brussels attacks Moody's over Greece downgrade (AFP) (Jun-15, 06:21 EDT )-- AFP - The European Union's top economic commissioner Olli Rehn criticised US-based rating agency Moody's on Tuesday for slashing its sovereign debt rating for Greece to 'junk' status.
EU commissioner attacks Moodys on Greek downgrade (Reuters) (Jun-15, 06:12 EDT )-- Reuters - Moody's decision to downgrade Greek debt was ill-advised and ill-timed, European Economic and Monetary Affairs Commissioner Olli Rehn said on Tuesday, adding that it cast fresh doubt on ratings agencies.
UK consumer price inflation down to 3.4 pct in May (AP) (Jun-15, 04:08 EDT )-- AP - U.K. consumer price inflation fell to 3.4 percent in May, down from 17-month high of 3.7 percent in April, but remains well above the official target, official statistics showed Tuesday.
Apple set to open Georgetown store (Jun-14, 23:00 EDT )-- Apple plans to welcome customers into its first retail store in the District on Friday evening, formally opening its Georgetown location after years of wrangling over the storefront design. Georgetown University - Apple - United States -...
Afghan mineral reserves could take years to turn into profit (Jun-14, 23:00 EDT )-- KABUL -- It could take years and even a peace settlement for Afghanistan to reap profits from nearly $1 trillion in untapped mineral resources that U.S. geologists say lie beneath its rugged terrain -- some in areas currently controlled by Taliban...
Republicans seek pay freeze for federal workers; a 'cynical ploy,' Democrats say (Jun-14, 23:00 EDT )-- Looking to demonstrate their commitment to balancing the budget, Republicans are increasingly targeting the federal workforce. Democratic - United States - Politics - Republican - Parties
Commercial health insurers inaccurately process 20% of medical claims, AMA says (Jun-14, 23:00 EDT )-- One in five medical claims is processed inaccurately by commercial health insurers, often leaving physicians shortchanged, the American Medical Association reported Monday in its third annual assessment of insurers. American Medical Association -...
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Obama's call for economic stimulus, jobs spending a tough sell in Congress (Jun-14, 23:00 EDT )-- Congressional Democrats were stewing Monday over President Obama's urgent appeal for more spending on the economy, saying they share his goals but need more help from the White House to fend off rising concern among rank-and-file lawmakers about budget...
Spanish bank plans to open first U.S. office in D.C. next year (Jun-14, 23:00 EDT )-- A newly formed Spanish bank that partners with charities and donates a portion of its profits to social causes plans to open its first U.S. office in downtown Washington early next year. United States - Business - Financial Services - Banking...
New health-care rules could add costs, and benefits, to some insurance plans (Jun-14, 23:00 EDT )-- If you like your health plan, you can keep it. That's what President Obama promised during the long months of debate over health-care reform. Health care - Insurance - United States - Financial Services - Business
Moody's cuts Greek debt rating to junk (Jun-14, 23:00 EDT )-- Moody's Investors Service slashed Greece's credit rating to junk status in a new blow to the country, which is under intense global scrutiny after narrowly avoiding default last month. Greece - Business - Financial services - Moody - Financial...
U.S. to object to China-Pakistan nuclear reactor deal (Jun-14, 23:00 EDT )-- NUCLEAR EXPORTS The Obama administration has decided to object to a lucrative deal in which state-owned Chinese companies would supply Pakistan with two nuclear reactors, U.S. officials said. Nuclear - Pakistan - Weapons - Warfare and Conflict -...
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