Rebel Democrats on Monday threw their weight behind Janet Yellen to take over the Federal Reserve and called for tougher policy toward Wall Street.
The withdrawal of Lawrence Summers from the race to succeed Ben Bernanke as chairman of the Federal Reserve gave stocks a boost and weighed on the dollar Monday, as investors believe the move will prolong the U.S. central bank's monetary stimulus.
Social Security made $1.3 billion in potentially improper disability payments to people who had jobs when they were supposed to be unable to work, congressional investigators said in a report Friday.
Mexican authorities rushed preparations ahead of likely life-threatening conditions when Hurricane Ingrid is set to make landfall Monday.
The sizzling Bay Area housing market cooled a bit in August, according to a report released Friday.
U.S. retail sales rose modestly in August, but a new report says consumer confidence is waning.
The U.N. secretary-general said Friday he believes the findings his team of chemical weapons experts will present "an overwhelming report" on last month's attack on Syrian civilians.
President Obama hasn't decided on his choice to head the Federal Reserve, the White House said Friday, despite a Japanese report that he has already settled on Lawrence Summers.
The U.S. Producer Price Index for finished goods rose 0.3 percent July to August, the Bureau of Labor Statistics reported Friday.
Initial, unconfirmed reports that Larry Summers will be the next chair of the Federal Reserve rattled markets at a time when Fed policy is the dominant theme in the markets.
U.S. businesses restocked their shelves and warehouses in July at the fastest pace since January, a sign that retailers are expecting sales to increase.
More than 350 economists signed a letter to President Obama calling on him to nominate Federal Reserve Vice Chairwoman Janet Yellen to be the Fed's next chair.
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