| Feb 21, 2014
| 7:22 AM
WASHINGTON -- Fannie Mae posted its eighth straight profitable quarter in the final three months of last year and will send the federal government $7.2 billion, pushing its total dividend payments above the cost of the 2008 bailout for the first time, the...
| Feb 3, 2014
| 8:34 AM
WASHINGTON -- Treasury Secretary Jacob J. Lew on Monday pressured Congress to raise the debt limit well before an end-of-the month deadline, warning that lawmakers risked derailing a potential "breakthrough year for our economy" if they don't act quickly....
| Jan 29, 2014
| 6:51 AM
President Obama’s plan for a new type of retirement account may help some Americans, but it’s unlikely to be a panacea for the U.S. retirement crisis.
In his State of the Union address Tuesday night, Obama proposed new accounts that would be...
| Mar 26, 2014
| 6:40 AM
WASHINGTON -- Treasury Secretary Jacob J. Lew had successful outpatient surgery on Tuesday but remained at a New York area hospital overnight because of a low-grade fever, a Treasury Department spokeswoman said.
Lew, 58, underwent the procedure to treat...
| Feb 7, 2014
| 7:38 AM
WASHINGTON -- As the U.S. hit its debt limit on Friday, a leading business group urged Congress to act quickly to raise it to avoid damaging the economy.
The Business Roundtable sent a letter to House and Senate leaders Thursday night warning that...
| Mar 19, 2014
| 5:43 PM
In 1919, after allied sanctions on food shipments had starved the Kaiser's Germany into submission, President Wilson endorsed the continued use of sanctions to settle international disputes as an "economic, peaceful, silent, deadly remedy." Almost a...
| Mar 14, 2014
| 1:31 PM
A collection of religious groups and homeownership advocates sued California Gov. Jerry Brown on Friday demanding that he return about $350 million from the 2012 national mortgage settlement that was used to plug holes in the 2013 state budget.
| Apr 3, 2014
| 9:27 AM
WASHINGTON -- Federal Reserve Governor Jeremy C. Stein plans to step down next month, creating another vacancy on the central bank's already short-handed board.
Stein, 53, a Harvard economist and former Obama administration advisor, has served on the...
| Mar 20, 2014
| 5:49 PM
WASHINGTON — The U.S. and Russian presidents imposed sanctions on each other's top aides and other government officials Thursday as the dispute over Crimea intensified and the White House worried publicly that Moscow might be positioning its...
| Mar 24, 2014
| 3:26 PM
| Mar 14, 2014
| 4:40 PM
Three community groups sued Gov. Jerry Brown on Friday, demanding he restore more than $350 million in mortgage settlement funds that were used to plug state budget holes two years ago.
The money — from California's slice of the $25 billion...
| Apr 22, 2014
| 10:23 AM
While money is the root of all evil, it's still a good reminder of who's in charge, and has been for 150 years.
On April 22, 1864, the U.S. passed a law so that for the first time, the phrase "In God We Trust" would appear on currency. The first coin to...