Economy News

Supreme Court Turns Away New Appeal From Chinese Muslims at Gitmo

Apr 18, 2011 - 10:55 AM |AP

WASHINGTON -- The five remaining Chinese Muslims who are being held at Guantanamo Bay lost their latest bid Monday to get the Supreme Court to hear their case. The justices turned away a plea from...

Was Rajaratnam Just Smart or Inside Trader? Decision Time Nears

Apr 16, 2011 - 2:27 PM |AOL News

Seth Wenig, AP

NEW YORK -- Was former billionaire Raj Rajaratnam just a smart trader who based his deals on a "mosaic" of public information or were his profits based on insider tips? Rajaratnam's defense made the...

Study: US Suicide Rate Rises, Falls With Economy

Apr 15, 2011 - 8:02 AM |AOL News

Orange County Register / AP

America's suicide rate rises and falls in relation to how well the economy is doing, according to the first-ever study to compare age-specific suicide rates to U.S. business cycles. The study,...

Budget Tricks Helped Obama Save Favorite Programs From Cuts

Apr 12, 2011 - 10:12 AM |AP

WASHINGTON -- Details of last week's hard-won agreement to avoid a government shutdown and cut federal spending by $38 billion were released Tuesday morning. They reveal that the budget cuts, while...

Obama First to Put Tax Hikes on Budget Table

Apr 12, 2011 - 5:26 AM |AP

WASHINGTON - Higher taxes have been missing from the fierce budget battle that nearly shut down the federal government. But President Barack Obama is about to put them on the table - at least a...

Possible Deal Near as Shutdown Deadline Approaches

Apr 8, 2011 - 10:00 PM |AP

AFP / Getty Images

WASHINGTON -- Perilously close to a government shutdown, the White House and congressional leaders closed in on a possible deal to cut tens of billions of dollars in federal spending and avert the...

Workers Brace for Effect of Government Shutdown

Apr 8, 2011 - 4:26 AM |AP

LITTLE ROCK, Ark. - A weather forecaster says he may have to live off the money he's been setting aside for a Caribbean vacation. A worker in Washington hopes to polish his resume so he can retire...

Obama Threatens to Veto GOP Budget Extension Plan

Apr 7, 2011 - 5:23 PM |AP

Charles Dharapak, AP

WASHINGTON -- House Republicans advanced legislation Thursday to avoid a government shutdown for one more week, cut spending and fully fund the Pentagon, but the White House labeled the measure a...

No Budget Deal Yet as Possible Government Shutdown Looms

Apr 6, 2011 - 3:55 PM |AP

AP / Getty Images

WASHINGTON -- The Senate's second ranking Democrat said Wednesday that negotiators on the budget are making progress but that conservative GOP policy prescriptions remain obstacles as they scramble...

Rising Oil Prices Beginning to Hurt US Economy

Apr 6, 2011 - 3:27 AM |AP

WASHINGTON - Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy's gains. Some economists are scaling back their estimates for growth this...

Obama: No Need for More Budget Extensions

Apr 5, 2011 - 4:32 PM |AP

AP / Getty Images

WASHINGTON -- Raising the pressure for a budget deal, President Barack Obama on Tuesday rejected a Republican stopgap proposal to extend government operations for a week while negotiators try to...

GOP Appears Poised to Take On Entitlements

Mar 27, 2011 - 10:43 AM |AP

CORAL SPRINGS, Fla. -- If there's any place where tea partiers in Congress might hesitate to call for cuts in Social Security and Medicare to shrink the federal debt, Florida's retirement havens...