Washington awoke with hair on fire Wednesday after media reports — many of which later required corrections — suggested that the Democratic Party was suddenly split over extending the Bush tax cuts.
When Hyundai announced in April it was planning to bring hundreds of new jobs to Montgomery, Ala., the news was met with excitement by local officials eager to boost the flagging economy.
Mitt Romney promised members of the nation’s small business lobby on Wednesday that, if elected, he would shut down health care reform, reduce taxes and tackle regulations.
Nasdaq said Wednesday that it plans to spend $40 million to compensate trading firms for losses caused by glitches that delayed Facebook’s debut.
U.S. stocks rallied Wednesday, with the Dow and S&P 500 logging their best gains of the year, as investors grew hopeful that more stimulus for the global economy is around the corner.
Pensions and other retirement benefits have become a multi-trillion-dollar black hole for state and local government budgets, sparking fierce battles between elected officials and voters on one side and public sector unions on the other.
No matter how hard President Obama may try, the Solyndra debacle — and its $529 million taxpayer-backed price tag — just won’t go away.
World markets rebounded Wednesday, as a report on eurozone economic growth revealed no further weakness, helping abate concerns about the European debt crisis and teetering banks.
JPMorgan Chase’s $2 billion in losses from risky bets can be blamed on “inadequate risk management,” a federal regulator told a Senate panel Wednesday.
Billionaire Warren Buffett says it’s unlikely that the U.S. economy will fall into another recession, calling the chances “very low.”