Dan Grebler
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Lacker sees no need for Fed to ease
Dec 19, 2011 14:56 EST
CHARLOTTE (Reuters) - The Federal Reserve is unlikely to need to ease monetary policy further given the country's steady if moderate pace of economic growth, Richmond Fed President Jeffrey Lacker said on Monday.
Virginia governor wants bigger reserves, no tax hikes
Dec 19, 2011 12:18 EST
(Reuters) - Virginia's governor said on Monday he wants to rebuild the state's rainy day and pension funds while remaining vigilant about possible local economic effects from perpetual budget wars at the federal level.
Home builder sentiment rises for third month: NAHB
Dec 19, 2011 10:56 EST
NEW YORK (Reuters) - Homebuilder sentiment perked up in December for the third month in a row, to its highest level in a year and a half, the National Association of Home Builders said on Monday.
U.S. housing heals even as its damage widens
Dec 18, 2011 15:03 EST
WASHINGTON (Reuters) - The U.S. housing market, once the epicenter of the global financial collapse that spawned today's European debt crisis, is on the verge of delivering some positive news.
Moody's cuts Belgium ratings by 2 notches
Dec 16, 2011 17:44 EST
NEW YORK (Reuters) - Moody's on Friday cut Belgium's credit ratings by two notches, saying "fragile sentiment" in the euro zone increases funding risks for countries with high public debt burdens.
Moody's cuts Belgium ratings by 2 notches
Dec 16, 2011 17:02 EST
NEW YORK (Reuters) - Moody's on Friday cut Belgium's credit ratings by two notches, saying "fragile sentiment" in the euro zone may cause funding stress for countries with high public debt burdens.
CBO raises TARP cost estimate to $34 billion
Dec 16, 2011 16:16 EST
(Reuters) - The Congressional Budget Office said on Friday it was raising its estimate of the cost of the Troubled Asset Relief Program to $34 billion, primarily because of a drop in the market value of government investments in GM and AIG.
Firms get rich job subsidies with poor oversight
Dec 14, 2011 13:52 EST
(Reuters) - States, counties, cities and towns give employers $70 billion a year to help create jobs and train or retain workers but the programs often fail to set job-related requirements, a new study said on Wednesday.
Fed sees risks from Europe, some improvement in U.S.
Dec 13, 2011 21:08 EST
WASHINGTON (Reuters) - The Federal Reserve on Tuesday warned that turmoil in Europe presents a big risk to the U.S. economy, leaving the door open to possible further steps to boost growth even though it noted a somewhat stronger labor market.
Fed likely to stay on sidelines at policy meeting
Dec 13, 2011 09:12 EST
WASHINGTON (Reuters) - The Federal Reserve is likely to hold off offering the U.S. economy fresh stimulus at a meeting on Tuesday as it weighs encouraging signs on the recovery against risks coming from Europe.
Long-term jobless eye bleak future as benefits end
Dec 11, 2011 06:19 EST
WASHINGTON (Reuters) - George Parks has been out of work for 21 months and his unemployment benefits will run out at the end of the month.
U.S. targets mortgage servicers for poor performance
Dec 07, 2011 17:48 EST
WASHINGTON (Reuters) - The Obama administration said on Wednesday it will keep the pressure on two big U.S. banks to help more troubled borrowers from losing their homes by withholding payments to the banks under a foreclosure-prevention program for the third straight quarter.
Mortgage servicers targeted for poor performance
Dec 07, 2011 15:50 EST
WASHINGTON (Reuters) - The Obama administration said on Wednesday it will keep the pressure on two big banks to help ease the foreclosure crisis, withholding payments to them under a foreclosure relief program.
U.S. targets mortgage servicers for poor performance
Dec 07, 2011 15:02 EST
WASHINGTON (Reuters) - The Obama administration said on Wednesday it will keep the pressure on two big banks to help ease the foreclosure crisis, withholding payments to them under a foreclosure relief program.
S&P says Franco-German fiscal plan promising
Dec 06, 2011 18:58 EST
NEW YORK (Reuters) - A plan by France and Germany to increase fiscal integration in Europe is "promising" and could help avoid a mass debt downgrade of euro zone countries by Standard & Poor's, a director with the ratings agency said on Tuesday.
S&P says Franco-German fiscal plan promising
Dec 06, 2011 15:04 EST
NEW YORK, Dec 6 - A plan by France and Germany to increase fiscal integration in Europe is "promising" and could help avoid a mass downgrade of euro zone countries by Standard & Poor's, a director with the ratings agency said on Tuesday.
S&P warns of broad euro zone downgrade over debt
Dec 05, 2011 17:47 EST
NEW YORK (Reuters) - Standard & Poor's on Monday warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to reach an agreement on how to solve the region's debt crisis in a summit later this week.
S&P warns of broad euro zone downgrade over debt crisis
Dec 05, 2011 17:30 EST
NEW YORK (Reuters) - Standard & Poor's on Monday warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to reach an agreement on how to solve the region's debt crisis in a summit later this week.
Time of reckoning for the euro zone
Dec 04, 2011 15:03 EST
WASHINGTON (Reuters) - Failure by European leaders at their summit this week to fix the fatal flaw in the euro zone, its lack of political union, would risk tremendous market upheaval, a rupture of the common currency and global economic fallout.
Ten days of secret planning to rescue markets
Dec 02, 2011 08:19 EST
LONDON/FRANKFURT (Reuters) - Britain orchestrated this week's bold move by central banks to stave off a cash crunch in global markets, helping drive a plan that began to take shape around 10 days ago.
