IMF calls for deficit cuts in US (AP)
U.S. Economy · Tags:
AP – The International Monetary Fund is calling for the United States to make a stronger effort to curb its budget deficits. Read More →
Obama: Choice between moving ahead or back (AP)
U.S. Economy · Tags:
AP – President Barack Obama on Thursday cast upcoming elections as a choice between the party that caused the economic meltdown and the one that’s fixing it, seizing on a populist, sharply... Read more
Obama administration loses drilling moratorium appeal (AFP)
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AFP – The Obama administration lost its bid Thursday to maintain a six-month moratorium on offshore deepwater drilling which a federal judge ordered to be lifted last month. Read More →
US avoids labeling China currency manipulator (AFP)
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AFP – The US Treasury avoided labeling China a currency manipulator in a much delayed report to Congress Thursday but maintained that the yuan was undervalued. Read More →
Joblessness and housing add risks to U.S. recovery: IMF (Reuters)
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Reuters – High unemployment and a moribund housing market have increased risks to the U.S. economic recovery, while the public debt looms large and needs to be cut, the International Monetary Fund... Read more
Economy tempers American enthusiasm for the road (AP)
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AP – Americans won’t be taking long road trips this summer — at least if the latest data on gasoline demand is any indication. Read More →
Agricultural Bank of China expected to announce record IPO (AFP)
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AFP – Agricultural Bank of China is expected to announce Friday a new world record IPO worth about 22.1 billion US dollars, underscoring investors’ confidence in the Chinese economy. ... Read more
Consumer borrowing down sharply in May (AP)
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AP – Consumer borrowing fell again in May, more evidence that Americans remain jittery over their finances and the durability of the economic recovery. Read More →
Retailers post choppy June, deepen discounts (AP)
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AP – Stores deepened discounts more than planned in June to draw recession-scarred shoppers to buy summer tops and other merchandise. But shoppers bought mostly items they needed, resulting in small... Read more
Obama says U.S. will dig itself out of economic hole (Reuters)
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Reuters – President Barack Obama defended his handling of the U.S. economy and blasted Republicans on Thursday for “peddling snake oil” as he went on a two-day campaign swing for fellow... Read more