The most striking thing about Janet Yellen's appointment as the first-ever female chairman of the U.S. Federal Reserve is how little fuss has been made about her gender.
The nation's capital, where tourism and the federal government are the top two employers, feels more pain than most other U.S. cities when the government shuts down.
Stronger economic growth in China and a pickup in U.S. corporate earnings sent the stock market mostly higher in early trading.
The U.S. dollar was hammered yesterday in the backlash of the country's debt crisis that 'inflicted completely unnecessary damage' on the economy and America's standing in the world.
Even with the federal government reopened and the threat of a default lifted, the cost of Congress's gridlock has run well into the billions, economists estimate.
The nation's economy expanded during the past six weeks, but job growth was subdued, and business uncertainty mounted due to the federal government shutdown and debt-ceiling standoff, the Fed said.
The federal government reopened Thursday after a 16-day shutdown, restoring government services and ordering furloughed federal employees back to work.
U.S. stock markets jumped Wednesday after lawmakers in Washington closed in on deals to reopen the federal government and avoid a catastrophic default.
Republican leaders acknowledged the fight was over in their battle to derail Obamacare, agreeing to votes that likely will re-open the government and avert a debt default.
BREAKING NEWS: A Republican senator says leaders have reached an agreement to avoid a default. An announcement is expected soon.
An impasse between the U.S. Senate and House on raising the debt ceiling could precipitate a financial crisis and recession more severe even than the Great Depression. However, self-preservation could prompt lawmakers to pass a deal to avoid voter backlash.
The fast-food industry's business model of minimum wage and few employee benefits costs American taxpayers billions of dollars a year in public assistance, according to reports published Tuesday.
Sonia Sotomayor is the first Hispanic to serve on the U.S. Supreme Court, and the third female to do so.
Despite expressing confidence that the U.S. will avoid a default, S&P has issued a quiet warning that the nation's AA+ rating will plunge to a shocking D if a political resolution doesn't come in time to prevent the Treasury from missing a debt payment in the next month.
The stock market edged down in morning trading Tuesday even though GOP and Democratic leaders in the Senate reported progress on a deal over the nation's borrowing limit.