Headline Articles

Obama Weighs Flexibility on Sequester Cuts

Amid flight cancellations and delays because of furloughed air traffic controllers, the White House signaled that it might consider legislation that would give it more flexibility over cuts to the FAA budget while leaving the rest of the sequester cuts in place.


California Moves Toward Raising Minimum Wage

A bill to raise California's minimum wage from $8 an hour to $9.25 over the next three years passed its first legislative test this week.


Jobless Claims Down Sharply

The U.S. Labor Department said first-time jobless benefits claims dropped by 16,000 to 339,000 in the week that ended last Saturday.


New $100 Bill on Its Way

The U.S. will begin printing newly designed $100 bills later this year to make the widely circulated note more difficult to counterfeit, the Federal Reserve said Wednesday.


Dollar Threatened by Chinese Yuan as Global Currency

In a sign of China's growing international financial influence, Australia's central bank will start investing in Chinese bonds as China promotes the yuan as an alternative to the U.S. dollar.


eBay CEO Says Online Sales Tax Bill to Hurt Small Business

The online sales tax act is not fair and could bring damage to small enterprises and the jobs they create, said John Donahoe, chief executive officer of eBay Inc., one of the world's leading e-commerce companies, Tuesday.


Chicago Minimum Wage Workers 'Fight for $15'

Organizers of a protest in Chicago said hundreds of retail workers, including many at fast food outlets, were expected to walk off their jobs Wednesday in a "Fight for $15" campaign.


Durable Goods Down in March

U.S. durable goods orders dropped 5.7 percent in March, marking the second downturn in the past three months, the U.S. Commerce Department said Wednesday.


G-20: World Economy Functions at 3 Different Speeds

The IMF opened the spring G-20 meetings last week by stating that emerging markets are seeing strong growth even as Europe drops further behind.


Home Prices Rose in February

A U.S. home price index rose 0.67 percent January to February, the Federal Housing Finance Agency said Tuesday.


Eurozone Remains in Recession

The eurozone remains mired in recession, with a key economic sentiment survey released on Tuesday pointing to a protracted downturn in the region.


Flight Delays Abound as U.S. Controllers Take Furloughs

As furloughs started for the air-traffic controllers on Sunday, the effects are being felt a day later.


Marathon Bombing Suspect Charged

The suspect in the bombing of the Boston Marathon was formally charged on Monday. Dzhokhar Tsarnaev's first court appearance was from his hospital bed.


Existing Home Sales Dip in March

Homes sales slipped in March because of limited inventories.


New 401(k) Fee-Disclosure Rule Causing Confusion

Federal mandates to help consumers better understand the costs of their retirement plans has led to confusion.


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