California Braces for Setback in Federal Cuts
And then came the automatic federal budget cuts known as sequestration. As the $85 billion in spending cuts slowly roll out nationwide, California officials are girding themselves for a blow not only...
View ArticleFed Weighs a Reaction to Stirrings of Recovery
The economy added an average of 187,000 jobs a month from September to February, slightly faster than the average monthly pace from 2004 to 2006, the best years of the last economic upswing. The...
View ArticleEconomix Blog: The Incredible Shrinking Budget Deficit
For four years, during and in the wake of the recession, the federal budget deficit ballooned to more than $1 trillion. But because of belt-tightening in Washington and a strengthening economy, it has...
View ArticleTech Companies Lead S.&P. to New High
Technology companies led the Standard Poor’s 500-stock index to a new closing high on Monday. The stock market has recovered all the ground it lost over the previous two weeks, when worries over slower...
View ArticleOrders for Durable Goods Rose 3.3 Percent in April
Orders for durable goods, items expected to last at least three years, rose 3.3 percent last month from March, the Commerce Department said on Friday. That followed a 5.9 percent decline in March. A...
View ArticleTrade Gap Falls, Hinting At Pickup in U.S. Growth
The Commerce Department said on Tuesday that the United States trade gap fell more than 22 percent, to $34.2 billion, in June from May. That is lowest level since October 2009. American companies...
View ArticleFed Closer to Easing Back Stimulus, but Still No Consensus on Timing
The minutes of the central bank’s Federal Open Market Committee meeting late last month, released Wednesday, showed hints that some committee members were more comfortable with easing back sooner...
View ArticleNo Clarity From Fed on Stimulus, Upsetting Wall St.
The confusion over exactly when the Federal Reserve will begin scaling back its huge economic stimulus efforts only deepened Wednesday, with the release of a summary of the deliberations at the central...
View ArticleMuted Fears of Contagion as Asian Currencies Fall
The most affected large economies have been those of India and Indonesia, two countries where many domestic and foreign investors are now rushing for the exits, exchanging local currencies for dollars....
View ArticleSharp Fall for Orders of Durable Goods
Manufacturing continues to struggle, and its weakness could prevent economic growth from picking up in the July-September quarter. Orders for durable goods dropped 7.3 percent in July, the Commerce...
View Article
