Business
California's median home sale price jumps 11.2% in February
California's median home price rose a robust 11.2% in February from the same period a year ago as fewer foreclosure properties sold, while the number of homes sold fell 3.8%.
Two dark-suited IRS agents demanding payment of delinquent taxes visited Harv's Metro Car Wash in Sacramento, California on Wednesday. They delivered a letter to the on-site manager, which was about the amount of money the carwash owed to the feds...
Economists Warn New Crisis Looming Over U.S.
Another financial crisis, even worse than the current one, is threatening the United States, according to a new report from a group of leading economists, financiers, and former federal regulators.
The US central bank has launched an inquiry into derivatives contracts arranged between Goldman Sachs Group Inc. and investment banks with Greece, Ben Bernanke, chairman of the Federal Reserve, said on Thursday. .
The U.S. Department of Agriculture agreed to pay $1.25 billion to settle more claims by black farmers who said they were discriminated against in federal farm loan programs.
South Carolina State Rep. Mike Pitts has introduced a bill that would ban the recognition or use of US currency in South Carolina. The lawmaker says if the Federal Government continues to spend at the current rate, there’s a chance the U.S. econom...
Paterson document dump reveals high-stakes wheeling and dealing to win Aqueduct racino competition
ALBANY - Documents in the secretive Aqueduct racino deal show the winning bidder kept increasing upfront payments to the state and suddenly projected sharply higher profits as the chaotic process unfolded.
Joe Biden says stimulus good for Michigan, rest of US
UNIVERSITY CENTER, Mich. — The year-old federal Recovery Act that has pumped billions in stimulus dollars into economically devastated states such as Michigan is working well, Vice President Joe Biden said Tuesday.
Pennsylvania lawmaker tries again to loosen beer-sales law
Beer drinkers, meet your liberator. State Sen. John Rafferty, flanked by a fife and drum corps in Revolutionary War getup and dozens of convenience store employees holding "Free My Beer" signs, said Tuesday that he will attempt once again to loose...
New York to Receive $83M in Stimulus Funds for New Rail Station
The long-delayed plan to construct a new rail gateway at New York's main post office is set to receive $83 million in federal stimulus funds.
Obama pledges $8 billion for new nuclear reactors
President Obama announced $8.3 billion in federal loan guarantees Tuesday to help finance the first new nuclear reactors in the U.S. in nearly three decades, stoking hopes in the industry that a nuclear renaissance will take hold.
White House insists healthcare summit no trap
The purpose of the Obama administration's upcoming summit on healthcare is to find solutions to issues like soaring insurance premiums, not score political points against the Republicans, the White House insisted on Tuesday.
Obama stimulus plan halted economic freefall, White House
President Barack Obama's $787 billion stimulus prevented another Great Depression while creating or preserving 2 million jobs, according to a White House report to be released on Wednesday.
Excise Tax Loses Support Amid White House Push
WASHINGTON — An agreement to tax high-cost, employer-sponsored health insurance plans, announced with fanfare by the White House and labor unions last month, is losing support from labor leaders, who say the proposal is too high a price to pay for...
LA budget crisis threatens jobs, credit rating
Los Angeles, the second-largest city in the United States, is confronting a mounting budget deficit that threatens to force thousands of job cuts, deplete its fiscal reserve and further damage its credit rating.
U.S. Department of Agriculture imposes new standards for milk to qualify as organic
Got grass? The U.S. Department of Agriculture has imposed strict new standards for what kind of milk qualifies as organic: Cows must get plenty of fresh grass and spend at least four months a year grazing in pastures.
Obama Signs Debt-Limit Increase Into Law
WASHINGTON—President Barack Obama signed a $1.9 trillion increase in the federal government's borrowing limit into law Friday, the White House said.
Obama Said Set to Give Southern Co. First Nuclear-Loan Support
President Barack Obama will announce next week that Southern Co. will get a federal loan guarantee to build two nuclear reactors in Georgia, the first support awarded under a five-year-old law, an administration official said.
White House formally invites Republicans to health-care summit
The White House formally invited Republicans on Friday to attend a health-care summit Feb. 25, calling it "the next step" in the process of reforming the country's broken health insurance system and pledging to post the text of a reform proposal o...
House Dems offer mixed signals on Senate jobs bill
WASHINGTON — House Democratic leaders sent mixed signals Friday on a new jobs bill supported by Senate Majority Leader Harry Reid, and a senior Republican senator predicted his party will block action on the Senate floor.