U.S. National Economy
Buffett thanks Uncle Sam for helping economy
Nov 17, 2010 15:33 EST
Warren Buffett pens thank-you to Uncle Sam for stabilizing the economy during 2008 meltdown. Billionaire Warren Buffett thinks the U.S. government performed well during the economic meltdown of 2008, so he wrote an admittedly tardy thank-you note to his "Uncle Sam."
Donohue: US Chamber won't seek Obama's defeat
Nov 17, 2010 15:30 EST
Chamber president: Group has no interest in seeking Obama's defeat but will fight regulations. Declaring "this is not personal," the U.S. Chamber of Commerce president said Wednesday that his trade group would work with the White House, despite the chamber's hardcharging midterm election campaign and continued opposition to Obama administration policies.
Republicans to Bernanke: QE2 may imperil dollar
Nov 17, 2010 13:53 EST
WASHINGTON (Reuters) - The Federal Reserve's bond-buying program may imperil the dollar, spawn inflation and generate asset price bubbles, top Republican lawmakers said in a letter to Fed Chairman Ben Bernanke released on Wednesday.
Federal Reserve officials see need for full QE2
Nov 17, 2010 13:30 EST
WASHINGTON (Reuters) - Federal Reserve officials said on Wednesday the U.S. central bank is likely to follow through on its entire $600 billion bond buying program based on an anticipated weak economic recovery.
Inflation subdued, housing starts tumble
Nov 17, 2010 13:19 EST
WASHINGTON (Reuters) - U.S. core consumer inflation touched a record low in October and new home building sagged, lending support to the Federal Reserve's move to boost the sluggish economy through additional monetary easing.
Fed likely to buy entire $600 billion in plan: Bullard
Nov 17, 2010 12:22 EST
ST. LOUIS (Reuters) - A top Federal Reserve official said on Wednesday the central bank is likely to follow through on its entire $600 billion bond buying program based on an anticipated weak economic recovery.
Consumer prices rise moderately but inflation tame
Nov 17, 2010 12:06 EST
Consumer prices rise due to higher gas costs; core prices flat for third straight month. Consumer prices rose moderately in October but there was little sign of inflation as the cost of autos, clothing and hotels fell.
Fed lays out details on risky trading ban
Nov 17, 2010 11:48 EST
Fed proposes details how banks can get extra time to comply with new law barring risky trades. A Federal Reserve proposal says banks that want extra time to comply with a law intended to limit risky trading must make a case that it wouldn't endanger the financial system.
Fed's new round of easing to boost jobs: Rosengren
Nov 17, 2010 10:11 EST
PROVIDENCE, Rhode Island (Reuters) - The U.S. Federal Reserve's newest bid to lower borrowing costs should boost jobs and lift inflation to healthier levels, making the controversial action worth the risk, Boston Fed President Eric Rosengren said on Wednesday.
Advisory panel urges action on Chinese currency
Nov 17, 2010 10:01 EST
Congressional panel sees Chinese currency and market risks but no end to debt purchases. A congressional advisory panel is recommending that lawmakers prod the Obama administration into tougher action against what it calls China's policy of keeping its currency undervalued.
Panel urges U.S. to label China currency manipulator
Nov 17, 2010 09:13 EST
WASHINGTON (Reuters) - The United States should use all available tools, including labeling China a currency manipulator, to put pressure on Beijing to raise the value of its yuan, a U.S. watchdog panel said on Wednesday.
Panel urges U.S. to label China currency manipulator
Nov 17, 2010 09:13 EST
WASHINGTON (Reuters) - The United States should use all available tools, including labeling China a currency manipulator, to put pressure on Beijing to raise the value of its yuan, a U.S. watchdog panel said on Wednesday.
Instant View: Core inflation lowest on record
Nov 17, 2010 09:01 EST
NEW YORK (Reuters) - Core U.S. consumer prices rose at its slowest rate on record, data showed on Wednesday, further supporting the Federal Reserve's decision to ease monetary policy.
Annual core CPI rise smallest on record
Nov 17, 2010 08:34 EST
WASHINGTON (Reuters) - U.S. consumer prices rose less than expected in October and the increase in the year-on-year core rate was the smallest on record, data showed on Wednesday, further supporting the Federal Reserve's decision to ease monetary policy.
GM stock offering to be largest in US history
Nov 17, 2010 07:37 EST
General Motors on Wednesday announced a hike in the number of shares in its stock listing, which puts the US auto maker on track to rebound from bankruptcy with the largest public share offering in US history.
N.Korea to build light-water reactor soon: expert
Nov 16, 2010 22:16 EST
North Korea claims to be building an experimental light-water nuclear reactor for completion by 2012, says a US expert who visited the communist state this month.
Lockhart says Fed not trying to weaken U.S. dollar
Nov 16, 2010 21:01 EST
MONTGOMERY, Alabama (Reuters) - The Federal Reserve's latest push to drive down borrowing costs is aimed at supporting the U.S. economic recovery, not weakening the dollar, Atlanta Fed President Dennis Lockhart said on Tuesday.
Obama interviews Altman as new economic adviser
Nov 16, 2010 19:06 EST
WASHINGTON (Reuters) - President Barack Obama on Tuesday interviewed investment banker Roger Altman, a former Treasury official, as a candidate to replace departing economic adviser Larry Summers, a White House official said.
Obama interviews Altman as new economic adviser
Nov 16, 2010 19:06 EST
WASHINGTON (Reuters) - President Barack Obama on Tuesday interviewed investment banker Roger Altman, a former Treasury official, as a candidate to replace departing economic adviser Larry Summers, a White House official said.
Senate panel backs Fed nominee Diamond
Nov 16, 2010 18:40 EST
WASHINGTON (Reuters) - A Senate committee approved the nomination of Nobel laureate Peter Diamond to the Federal Reserve Board on Tuesday over Republican objections, sending it to the full Senate for a vote three months after it was blocked.
