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Poll: Public Would Blame GOP for Sequester

U.S. voters agree with President Barack Obama on reducing the debt through increased revenues and spending cuts, a Pew Research Center/USA Today poll found.

One in 5 Americans Say Tax Cuts Should Be Left Off Table

Survey released by Pew Research offers good news and bad news for President Obama as sequestration once again moves to the forefront of national debate.

Existing Home Sales Rise Slightly Month to Month

Existing-home sales rose 0.4 percent month to month to a seasonally adjusted annual rate of 4.92 million from a downwardly revised annual rate of 4.9 million in December.

Owner of Swiss Account in Heinz Stock Trading Still a Mystery

Goldman Sachs & Co. has told federal regulators investigating suspicious trading in H.J. Heinz options in advance of the $28 billion bid for the global food giant that it does not know who owns the Swiss bank account used to make the trades.

Leading Indicators Show US Economy 'Sound but Sluggish'

A private gauge of the U.S. economy's direction in the next three to six months rose in January, according to data issued Thursday.

Storm Spreads Snow, Rain Across 20 States

About 20 percent of the U.S. population -- roughly 60 million people in 20 states -- were under winter weather warnings, watches and advisories, CNN reported.

Inflation Steady in January

Consumer price inflation held steady in January, the U.S. Bureau of Labor Statistics said Thursday. Prices rose 1.6 percent on an annual basis, a slight drop from December, when the 12-month rate was 1.7 percent. On a month-to-month basis, however, prices were listed as unchanged for the second consecutive month. In the previous month, November, the month-to-month change was minus 0.2 percent.

CalPERS Enrollees Receive Notice of Long-term Care Rate Hikes

The reality of the increase literally came home this week as letters from CalPERS hit the mailboxes of 148,000 policyholders.

Massachusetts Staring at $5 Gas Soon, Experts Say

The increase comes as Gov. Deval Patrick is proposing to tie the price of gas to inflation as part of his $1.9 billion dollar tax hike.

Budget Cuts Could Sequester Naval Ships

Speaking to sailors at the Yokosuka Naval Base in Japan, Secretary of the Navy Ray Mabus said the $55 billion in congressionally mandated cuts through the sequestration process were "mindless," Stars and Stripes reported.

WEDC Secures Funds for Hispanic Chamber

The Wisconsin Economic Development Corp. (WEDC) invested $100,000 to expand the Hispanic Chamber of Commerce of Wisconsin's revolving loan fund.

Office Depot and OfficeMax Agree to Merge

The merger will create an $18 billion global office supply company. The marriage is aimed at making the new company more competitive with Staples, the nation's largest office supply company.

Fed Seen as Unlikely to Halt Treasury Bond Buying Soon

A majority of economists surveyed said the Fed will continue the bond-buying into next year. Sixty percent predict the Fed will keep buying long-term Treasury bonds until after Jan. 1, 2014, and 58% say the same about the Fed's monthly purchases of mortgage-backed securities.

Obama Says Job Creation Top US Priority

U.S. President Barack Obama said on Tuesday that the top priority for the nation is to bolster economic growth and create jobs for the middle class, warning that drastic government spending cuts will hurt U.S. economic recovery.

DoD Prepares to Furlough 800,000 Civilian Workers

The Pentagon said it is preparing to notify Congress it plans to impose furloughs on civilian U.S. defense workers because of impending budget cuts.