Content Tagged As economy

Tagged News

  • US economy grew at strong 4 percent rate in spring

    July 30, 2014 10:29 AM

    WASHINGTON - After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending. The Commerce Department says the second-quarter rebound followed a sharp 2.1 percent annualized drop in economic... more »
  • Economists encouraged by retail sales report

    July 15, 2014 1:15 PM

    WASHINGTON - The retail sales numbers for June indicate that consumers are still cautious, despite steady job gains this year. The Commerce Department says sales rose by just two-tenths of one percent last month, held back by a sharp drop at building and garden supply stores. Sales also fell at... more »
  • Fed split on signals for first rate increase

    July 9, 2014 1:15 PM

    WASHINGTON - Federal Reserve officials had differing views on the best way to signal to financial markets when they might raise a key short-term interest rate. They were in broad agreement, however, that their monthly bond buying program will end in October. Minutes of the Fed's June 17-18 meeting showed... more »
  • US hiring surges as unemployment dips to 6.1 pct.

    July 3, 2014 10:48 AM

    WASHINGTON - The June jobs report shows the U.S. economy moving steadily closer to full health, after having shrunk at the start of the year. The Labor Department reports employers added 288,000 jobs last month, far more than economists had been expecting. It also revised the job gains for April... more »
  • Louisiana economic growth lags nation in 2013

    June 11, 2014 10:25 AM

    BATON ROUGE - New figures show Louisiana's economy grew by 1.3 percent in 2013, lagging neighboring states and the nation. Gross domestic product numbers released Wednesday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Louisiana's 2013 growth rate was below... more »
  • Applications up slightly for US jobless aid

    June 5, 2014 10:33 AM

    WASHINGTON - Slightly more Americans sought unemployment benefits last week, but claims for jobless aid continue to hover near seven-year lows. The Labor Department says weekly applications for unemployment benefits rose 8,000 to a seasonally adjusted 312,000. The four-week average, a less volatile measure, fell to 310,250. That's the lowest... more »
  • Louisiana companies gain, lose on Fortune 500 list

    June 4, 2014 12:49 PM

    MONROE- The Fortune 500 company based here, one of only two in Louisiana, dropped in the rankings when the 2014 list was released. CenturyLink fell from 150th to 158th. Its revenue was in the ball park of $18 billion. But, New Orleans' Entergy Corp. grew in the rankings.... more »
  • US gains 288k jobs; jobless rate falls to 6.3 pct.

    May 2, 2014 10:30 AM

    WASHINGTON - The U.S. unemployment rate plunged in April to its lowest level since September 2008 as employers added 288,000 jobs, the most in two years. The figures are a clear sign that the economy is picking up after a brutal winter slowed growth. The Labor Department says the unemployment... more »
  • Obama blames Republicans for blocking wage vote

    April 30, 2014 4:11 PM

    WASHINGTON - President Barack Obama blames Republicans for blocking an election-year increase in the federal minimum wage and says their vote denied millions of Americans a way out of poverty. Republicans argue that an increase in the minimum wage would result in job losses. In a mostly partisan vote, the... more »
  • Manufacturing bright for economy

    April 24, 2014 7:45 PM

    NEW YORK- It looks like big companies are finally starting to spend and that could mean a stronger economy and more jobs. General Electric, Honeywell and Caterpillar make equipment other companies need to buy to grow and those three have posted good results and tell investors orders for more... more »
  • Job market for college grads better but still weak

    April 22, 2014 10:47 AM

    WASHINGTON - The job market for new college graduates is brightening but remains weaker than before the Great Recession began. The Labor Department reports that the unemployment rate for 2013 college graduates - defined as those ages 20 to 29 who earned a four-year or advanced degree - was 10.9... more »
  • Sales of US existing homes slip to a 20-month low

    April 22, 2014 10:45 AM

    WASHINGTON - Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The National Association of Realtors says sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59... more »
  • First-time unemployment insurance claims rise

    April 11, 2014 10:30 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending April 5 increased from the previous week's total. The Louisiana Workforce Commission said Friday that initial claims rose to 2,101 from the previous week's total of 1,985. There were 2,444 initial claims during the comparable week... more »
  • US employers advertised more open jobs in February

    April 8, 2014 10:42 AM

    WASHINGTON - U.S. employers posted more job openings in February, a sign that hiring will likely improve in the months ahead. The Labor Department said Tuesday that employers advertised 4.2 million job openings, up 7.7 percent from January. That's the highest number of postings since January 2008, when the Great... more »
  • Jobs picture brightens in Louisiana in February

    March 28, 2014 1:45 PM

    BATON ROUGE - Louisiana's unemployment rate fell to 4.5 percent in February, hitting the lowest level since mid-2008. The number of people who told surveyors they had a job hit a new record for the fifth month in a row, approaching 2 million. A separate survey shows payrolls... more »
  • Study: Coastal plan would create jobs, grow economy

    March 27, 2014 11:41 AM

    NEW ORLEANS - A study says funding the state's 50 year plan for coastal protection would create 109,000 to 212,000 jobs and help grow the economy. The study by economist and former University of New Orleans president Timothy Ryan, was commissioned by Restore Louisiana Now. That group was formed... more »
  • Young workers change jobs frequently, study shows

    March 26, 2014 10:30 AM

    WASHINGTON - The Labor Department says young adults held an average of just over six jobs each from ages 18 through 26. Since 1997, the department's Bureau of Labor Statistics has been keeping tabs on about 9,000 young men and women born in the early 1980s, surveying their educational and... more »
  • Economy growing jobs in southeast Louisiana

    March 14, 2014 3:55 PM

    NEW ORLEANS - The New Orleans region needs to prepare itself for economic growing pains. That's the message delivered Thursday by Michael Hecht, who leads the economic development group Greater New Orleans Inc. The New Orleans Advocate reports Hecht spoke to business leaders at the organization's annual meeting. He told... more »
  • Markets slide as tensions rise over Ukraine

    March 3, 2014 11:01 AM

    NEW YORK - Global stock markets are down sharply on tensions over Russia's military advance into Ukraine and the threat of sanctions by Western governments. The Dow Jones industrial average fell 202 points, or 1.2 percent, to 16,118 as of midday Monday. The Standard & Poor's 500 index... more »
  • State law filed to raise minimum wage

    February 14, 2014 10:51 PM

    BATON ROUGE- A state lawmaker will push legislation at the upcoming legislative session that would raise the state's minimum wage. Senator Yvonne Dorsey-Colomb (D-Baton Rouge) filed a bill to raise the lowest wages to $10.00 per hour. Currently, the minimum wage is set at $7.25. "Economic stability and... more »
  • Economists see encouraging signs in jobs report

    February 7, 2014 12:04 PM

    WASHINGTON - Some economists are seeing encouraging signs in the January jobs report -- even though hiring was weak for a second straight month. The government reported today that employers added 113,000 jobs last month. That compares with an average monthly gain of 194,000 last year. The sluggish growth in... more »
  • Minimum wage talk hits Baton Rouge Play Video

    January 31, 2014 5:19 PM

    BATON ROUGE - Some business owners in Baton Rouge say raising minimum wages to $10.10 per hour as President Obama suggests would cost consumers more money. But workers like Khadija Lamraoui say minimum wage increases would make day-to-day life better. "There's some people out here that get paid... more »
  • First-time unemployment insurance claims drop

    January 3, 2014 3:52 PM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Dec. 28 decreased from the previous week's total. The Louisiana Workforce Commission said Friday that initial claims dropped to 1,721 from the previous week's total of 2,578. The commission said the shorter work week due to... more »
  • Oyster prices up during shortage Play Video

    November 20, 2013 5:35 PM

    BATON ROUGE - It will cost more to put oyster dressing on your plate this holiday season with oyster prices increasing during a shortage. Bill Pizzolato with Tony's Seafood says prices have increased by around 20 percent in the past few weeks due to a shortage in Louisiana waters.... more »
  • Obama to pitch US exports at New Orleans port

    November 8, 2013 8:17 AM

    WASHINGTON - President Obama is heading to the Gulf Coast to make the case that more exports equals more jobs. On Friday, he will tour the Port of New Orleans, where he'll speak about the need to boost exports and spend more on U.S. infrastructure projects like ports, roads... more »
  • Tax district planned for new shopping center

    November 7, 2013 11:05 PM

    DENHAM SPRINGS- City leaders approved setting an economic development district up for a planned new shopping center along the interstate. The Springs at Riverside Landing is expected to have restaurants and other merchants. Construction could start at the end of the year if the environmental impact study is approved.... more »
  • 5 things you'll notice in the proposed EBR budget

    November 5, 2013 10:26 PM

    BATON ROUGE- Tuesday, the mayor unveiled a $804,000,000 spending plan for the city that the metro council will spend the next month discussing. Public safety receives more than half of the monies allocated by Mayor Kip Holden in 2014. "Always, public service will be a top priority," Holden... more »
  • Parish workers still lowest-paid in new EBR budget

    November 5, 2013 5:14 PM

    BATON ROUGE- The mayor's $804 million spending plan for 2014 includes additional firefighters and police officers, but does not adjust the pay scale of workers, despite him being asked to recently. Instead, some workers will get a 3 percent merit and longevity raise. However, the mayor wrote in his... more »
  • Senators closing in on deal to reopen government

    October 15, 2013 8:12 AM

    WASHINGTON - Senate leaders are closing in on an agreement to reopen the government and forestall an economy-rattling default on U.S. obligations. Congressional aides predicted Majority Leader Harry Reid of Nevada and GOP leader Mitch McConnell of Kentucky would seal an agreement Tuesday, just two days before the Treasury... more »
  • Louisiana shrimp "red listed" by seafood program Play Video

    October 12, 2013 3:22 PM

    BATON ROUGE - A seafood watch program "red listed" Louisiana shrimp and recommends that people avoid the shrimp for now. The Monterey Bay Aquarium Seafood Watch program recommends which seafood items are "best choices," "good alternatives" or items that people should "avoid." Shrimp caught and harvested in Louisiana... more »
  • House GOP, White House seek to end budget fight

    October 11, 2013 8:07 AM

    WASHINGTON - President Barack Obama and Republicans are exploring whether they can end a budget standoff that has triggered a partial government shutdown and edged Washington to the verge of an economy-shaking federal default. Obama plans a White House meeting with GOP senators on Friday. Senate Republicans say they want... more »
  • Denham grows to include new shopping center

    October 7, 2013 10:55 PM

    DENHAM SPRINGS- The city annexed a piece of property that is expected to become a shopping center. Monday night, the land for The Springs at Riverside Landing was welcomed into the city. The property is on Vincent Road and South Range. The mayor hopes it will help bring... more »
  • House Democrats demand the government reopen

    October 5, 2013 12:06 PM

    WASHINGTON D.C. - In a letter to Speaker of the House John Boehner, 200 House Democrats demand the government re-open, ending the current shutdown. Lead by Congressmen Timothy Bishop and Patrick Murphy, the letter expressed a bipartisan majority in favor of ending the government shutdown. House Demcorats urged... more »
  • Area hunting destination closed due to gov't shutdown

    October 1, 2013 1:13 AM

    ST. FRANCISVILLE- Tuesday's government shutdown includes a popular outdoors area, especially one frequented by hunters. Cat Island will be closed as long as the stalemate in Washington, D.C. continues. An operator at the wildlife refuge said Monday, the gates would be locked if a budget deal was not... more »
  • Last minute work as shutdown looms

    September 30, 2013 9:47 PM

    WASHINGTON- House Republicans are expected to discuss more legislation dealing with funding the government Monday night as a shutdown nears. It could be the first in 17 years. The deadline is midnight. "There side thinks it is good that bureaucrats run our life; our side thinks 'heck, it... more »
  • Obama: 'Locked up' Washington could hurt economy

    September 18, 2013 10:26 AM

    WASHINGTON - President Barack Obama is touting positive gains in the economy but also warning that a "locked up" Washington is delaying progress on other issues that could build on that growth. Obama says the most obvious example is his push for a comprehensive immigration bill. He says a Senate-passed... more »
  • US employers posted fewer jobs, but hired more

    September 10, 2013 10:29 AM

    WASHINGTON - U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market. The Labor Department says job openings fell 180,000 in July to 3.7 million. That's down from 3.9 million the previous month, which was revised lower.... more »
  • Developer's own deadline for Juban Crossing passes

    September 9, 2013 10:13 PM

    DENHAM SPRINGS- Thirty-two days since the developer of Juban Crossing told WBRZ News 2 construction would start, the empty lot at the intersection of I-12 and Juban Road in Livingston Parish remains quiet and it appears construction on the long-delayed shopping center has been pushed back. After a request... more »
  • Obama touts economy at G20 meeting

    September 6, 2013 9:33 AM

    ST. PETERSBURG, Russia - President Barack Obama says the world's economic powers focused on pursuing financial reforms and addressing tax evasion and avoidance during the G20 summit. Obama says during a news conference that the economies of the U.S. and European nations have emerged from a difficult recession. ... more »
  • Gas rising for extended weekend

    August 29, 2013 10:33 PM

    GONZALES- The price of gas in Ascension Parish, and every parish in Louisiana, is rising. Here, gas was about $3.40 Thursday. That was a one-cent increase overnight. Gonzales shared the same average as Baton Rouge, Denham Springs, and Hammond. The national average was about $3.56. The increase... more »
  • La. jobless rate flat as payrolls dip slightly

    August 19, 2013 1:15 PM

    BATON ROUGE - Louisiana's unemployment rate held steady at 7 percent in July. A separate survey showed state employer payrolls fell slightly for the second straight month. Both sets of figures - adjusted to cancel out normal seasonal changes - were released Monday by the federal Bureau of Labor Statistics.... more »
  • La. weekly initial unemployment claims down

    August 16, 2013 11:38 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Aug. 10 decreased from the previous week's total. The state labor department figures released Friday show 2,719 initial claims compared to 2,844 a week earlier. The four-week moving average of initial claims decreased to 2,806 from... more »
  • Fed downgrades assessment on economy

    July 31, 2013 7:40 PM

    WASHINGTON- The Federal Reserve says the economy is growing modestly, considered a downgrade from its assessment in June. The Fed expects growth will pick up in the second half of the year and it will keep buying $85-billion a month in bonds to keep long-term interest rates low, in hopes... more »
  • US consumer confidence dips from 5-year high

    July 30, 2013 10:21 AM

    WASHINGTON - Americans' confidence in the economy fell only slightly in July, remaining close to the highest level in more than five years. The Conference Board, a New York-based private research group, says that its consumer confidence index dipped to 80.3 in July. That's down from a reading of 82.1... more »
  • La. weekly initial unemployment claims down

    July 29, 2013 2:43 PM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending July 20 decreased from the previous week's total. The state labor department figures released Monday show 3,035 initial claims compared to 3,764 a week earlier. The four-week moving average of initial claims increased to 2,978 from... more »
  • CBO: Reversing cuts would boost jobs, economy

    July 25, 2013 4:37 PM

    WASHINGTON - A new study says that reversing more than $100 billion in automatic spending cuts hitting the economy this year and next would boost the economy by 0.7 percent and increase employment by 900,000 jobs. The Congressional Budget Office study is similar to prior estimates by the agency. The... more »
  • Obama: Washington took its eye off economic ball

    July 24, 2013 1:43 PM

    GALESBURG, Ill. - President Barack Obama is accusing Washington of taking "its eye off the ball" and getting distracted from the economy. The president is trying to refocus debate on pocketbook concerns after months that have been dominated by what he calls "phony scandals" and "stale debates." Obama's remarks come... more »
  • La. National Guard employees furloughed

    July 17, 2013 11:05 PM

    CARVILLE- Half of the state's full-time National Guard employees are being furloughed. It is related to the national government sequestration. Employees, including guardsmen, could get a 20% reduction in their pay because of the unpaid days off. It started in July and continues until September. Leadership at... more »
  • Baton Rouge businesses hiring more workers Play Video

    July 5, 2013 5:20 PM

    BATON ROUGE - Today's jobs report reported stronger-than-predicted gains in the economy, something which workers say is being reflected in Baton Rouge. Melissa McLain is learning the ropes from one of her new bosses at a Baton Rouge party supply store. She just started a few weeks ago. ... more »
  • More likely Fed could ease bond buys

    July 5, 2013 12:35 PM

    WASHINGTON - The Federal Reserve could now be more likely to slow its bond purchases in the next few months, after a jobs report that was stronger than expected today. The government reported that employers added 195,000 jobs in June, and many more in April and May than previously thought.... more »
  • Walker may raise utility rates

    June 15, 2013 10:33 AM

    WALKER, La. - Utility rates in Walker may rise for the first time in more than a decade. The Advocate reports the Board of Aldermen has scheduled a public hearing for June 24 on four ordinances to adjust the city's rates on gas, water, sewer and garbage collection. The adjustments... more »
  • Louisiana economic growth lags nation in 2012

    June 6, 2013 12:10 PM

    BATON ROUGE - New figures show that Louisiana's economy grew by 1.5 percent in 2012. Gross domestic product numbers released Thursday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Louisiana's 2012 growth rate was below the national average of... more »
  • Charges could be filed against people who haven't paid bills Play Video

    June 4, 2013 10:27 PM

    SORRENTO - Delinquent water, sewer and trash customers in Sorrento could go to jail if they don't pay what they owe. It's the plan from the city council after discovering more than $11,000 in back bills where the people were still receiving services. It's an issue WBRZ News... more »
  • Obama: Economy showing signs of strength

    June 1, 2013 10:56 AM

    WASHINGTON - President Barack Obama says the economy is showing new signs of strength. He's pointing to the auto industry, new jobs and a recovering housing market as signs of progress. In his weekly radio and Internet address, Obama calls on Congress to do more to ensure that progress continues.... more »
  • More people pay up after News 2 investigation

    May 29, 2013 10:14 PM

    SORRENTO- More people have paid overdue utility payments since a WBRZ News 2 investigation into why people were not paying, yet still receiving services such as water and trash collection. Around $1,000 has been collected in a week but somewhere around $10,000 is still owed. A town council... more »
  • People pay delinquent city bills after News 2 investigation

    May 24, 2013 10:20 PM

    SORRENTO- Leaders said a number of people showed-up at city hall to pay delinquent water, sewer, trash, and other city costs after a WBRZ News 2 investigation Thursday night. The story found people were not paying and services were not being disconnected, costing the city thousands of dollars. ... more »
  • Thousands owed to City of Sorrento Play Video

    May 23, 2013 9:30 PM

    SORRENTO - Several dozen people owe thousands of dollars to the City of Sorrento for city services like water, trash, sewer and even for the demolition of condemned properties. Some of the bills add up to more than $1,000. "We are operating a lot in the red," said Councilman... more »
  • US gas prices up 11 cents over past 2 weeks

    May 19, 2013 4:14 PM

    CAMARILLO, Calif. - The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is... more »
  • New jobs and energy gains helping lift US economy

    May 5, 2013 10:42 AM

    WASHINGTON - A stronger-than-expected April rebound in job creation and recent dramatic discoveries of vast U.S. oil and gas reserves are helping to lift the American economy out its long funk. The economic advances also are drawing attention to the importance of private-sector innovation rather than government policy in fostering... more »
  • Popular religious store to close for good Saturday

    April 30, 2013 10:15 PM

    BATON ROUGE- A popular spot for faithful to buy books and other religious materials is closing. The Bible and Book Store can't beat the competition created by the Internet and other new technology. Owners of the store on Government Street said the economy also took a toll on business.... more »
  • Strong housing and auto sales boost economy

    April 17, 2013 7:43 PM

    WASHINGTON- A new Federal Reserve survey says a strengthening housing recovery and strong auto sales meant moderate growth across the country in February and March. The Fed's 12 banking districts showed growth and it accelerated in two districts, New York and Dallas, in January into February. The survey found hiring... more »
  • Council approves facility project in Gonzales

    April 8, 2013 9:45 PM

    GONZALES- City leaders approved plans for Emerson Process Management to build a new headquarters in Ascension Parish. It will be built on West Edenborne Parkway, off I-10 and adds about 60 jobs. It was briefly stalled because city leaders could not agree on zoning change until late last... more »
  • Livingston Master Plan out

    April 1, 2013 9:45 PM

    LIVINGSTON- The parish's master plan is available for public comment. It is on display at public library locations in Livingston Parish and hearings are set for April 10th and 17th. The plan could be adopted in May. The plan calls for projecting future development areas, identifying major road... more »
  • US consumer spending, income jump in February

    March 29, 2013 10:22 AM

    WASHINGTON - Consumers earned more and spent more in February, helped by a stronger job market that has offset some of the drag from higher taxes. The Commerce Department says consumer spending rose 0.7 percent in February compared with January. It was the biggest gain in five months and followed... more »
  • Council backs zoning change for Emerson project

    March 25, 2013 7:56 PM

    GONZALES - City leaders were able to agree on a zoning change, paving the way for a planned Ascension Parish headquarters for Emerson Process Management. Monday night, the city council was able to settle a disagreement by making changes over the type of special use permit the facility would... more »
  • Higher tax doesn't slow economy

    March 13, 2013 8:12 PM

    WASHINGTON- An economist says it looks like the impact of the higher Social Security tax that hit Americans in January "hasn't been too bad." Paul Dales of Capital Economics reacted to Wednesday's report on retail sales from the Commerce Department. It says Americans boosted their spending by 1.1 % last... more »
  • Economists: Economy may be growing faster

    March 13, 2013 10:16 AM

    WASHINGTON - One economist says it looks like the impact of higher Social Security taxes and higher gasoline prices "hasn't been too bad." Paul Dales of Capital Economics is reacting to today's report on retail sales. The Commerce Department says Americans boosted their retail spending by 1.1 percent last month... more »
  • US unemployment falls, jobs added

    March 8, 2013 8:04 AM

    WASHINGTON - U.S. employers ramped up hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7 percent from 7.9 percent in January. Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts. The government's February employment report was filled with... more »
  • Dow trading at new record high

    March 5, 2013 10:34 AM

    NEW YORK- With a jump of more than 100 points in early trading, the Dow Jones Industrial Average has moved into territory it's never seen before. The jump to an all-time high for the blue-chip average was powered in part by China's strong economic growth targets, and by a jump... more »
  • Obama: may take weeks, months to fix budget mess

    March 1, 2013 11:07 AM

    WASHINGTON - President Barack Obama says it may take a couple of weeks or a couple of months to reach a deal to end Washington's battle over spending cuts. The president spoke after meeting with congressional leaders at the White House on $85 billion in automatic spending cuts that go... more »
  • Automatic cuts will have to wait until midnight

    March 1, 2013 7:53 AM

    WASHINGTON - The White House says automatic spending reductions set to kick in will be put off until as close to midnight Friday as possible. Congress passed the law in January. It says that "on March 1, 2013, the president shall order a sequestration for fiscal year 2013."... more »
  • Obama asks Congress for boost in manufacturing

    February 13, 2013 7:53 AM

    WASHINGTON - President Barack Obama is launching three manufacturing hubs and is asking Congress to create 15 more. Obama says the "manufacturing innovation institutes" would bring together businesses, universities and the government to create high-tech jobs. The proposal is a central element of Obama's plan to spur manufacturing, which has... more »
  • Stocks slide following Dow's rally to 14,000

    February 4, 2013 11:00 AM

    Stocks are falling on Wall Street after the Dow Jones industrial average hit its highest level since the financial crisis last week. The Dow was off 118 points at 13,891 shortly before noon Eastern time. Travelers and Merck fell the most of the 30 stocks in the index. The Standard... more »
  • Gasoline prices get early start on spring surge

    February 1, 2013 5:40 AM

    NEW YORK - Gasoline prices are getting an early start on their annual spring march higher. The average retail price rose 13 cents over the past two weeks to $3.42 per gallon, and within a few days it will likely set a record for this time of year. ... more »
  • Dow edges lower, still headed for stellar January

    January 31, 2013 11:05 AM

    NEW YORK- The Dow drifted lower Thursday, but stayed on track for its best start to the year in more than two decades. The Dow Jones industrial average fell 23 points to 13,887 as of 11:51 a.m. The index has gained 6 percent so far this month, putting it in... more »
  • Economy "paused" last quarter

    January 30, 2013 7:40 PM

    The Federal Reserve took no action after a two day policy meeting even though it says the economy paused in recent months. It did reaffirm its commitment to boost the sluggish economy by keeping borrowing cheap for the foreseeable future. Last month The Fed said it would keep its key... more »
  • Fed cites "pause" in growth, stands by stimulus

    January 30, 2013 1:18 PM

    WASHINGTON - The Federal Reserve says growth "paused" in recent months and reaffirmed its commitment to boost a sluggish U.S. economy by keeping borrowing cheap for the foreseeable future. The Fed took no new action after a two-day policy meeting. But it stood behind aggressive steps it launched in December... more »
  • Stocks edge lower after economy report

    January 30, 2013 10:58 AM

    NEW YORK (AP) - Stocks are little changed after a report that showed the U.S. economy unexpectedly contracted in the fourth quarter, putting the brakes on a January rally that has lifted stocks toward record levels. The Dow Jones industrial average is down 2 points to 13,952 as of midday... more »
  • White House: Sandy to blame for lack of growth

    January 30, 2013 10:37 AM

    WASHINGTON - The White House says Superstorm Sandy is partially to blame for the unexpected contraction of the U.S. economy. Top White House economist Alan Krueger says the storm, which battered the East Coast, disrupted economic activity and destroyed $44 billion in fixed capital. Krueger also says federal defense spending... more »
  • Stocks edge higher, pushing Dow toward 14,000

    January 29, 2013 10:52 AM

    NEW YORK- Stocks edged higher on Wall Street, pushing the Dow toward 14,000, as investors digested the latest round of earnings and economic reports. The Dow Jones industrial average rose 57 points to 13,939 points. The Standard and Poor's 500 rose 4 points to 1,505 points. The Nasdaq composite dropped... more »
  • GOP turns to governors in post-2012 review

    January 25, 2013 1:06 PM

    GOP turns to governors in post-2012 review Eds: APNewsNow. Will be updated. KEN THOMAS Associated Press CHARLOTTE, N.C. (AP) - Looking for a new direction, many Republicans are turning to the states for ideas on how to come back from their 2012 election defeat. Republicans are promoting the tax and... more »
  • House passes bill to defuse debt crisis

    January 23, 2013 12:29 PM

    WASHINGTON (AP) - The House has passed a bill to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes, spending and the deficit. The House... more »
  • Obama stands his ground on fiscal debates

    January 22, 2013 6:56 AM

    WASHINGTON - President Barack Obama devoted one word - "deficit" - to the issue that brought Washington to the brink of fiscal crises time and again during his first term. But it was the paragraph that followed in his inaugural address that foreshadowed what's to come - more hard bargaining... more »
  • US economy adds 155K jobs, rate stays at 7.8 pct.

    January 4, 2013 3:13 PM

    WASHINGTON - The U.S. job market proved resilient in December despite fears that the economy would tumble over the fiscal cliff. The Labor Department reports employers added 155,000 jobs, roughly matching the solid but unspectacular monthly pace of the past two years. The gains were not enough to reduce unemployment... more »
  • US economy adds 155K jobs, rate stays at 7.8 pct.

    January 4, 2013 6:56 AM

    WASHINGTON - U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during tense fiscal cliff negotiations in Washington. The Labor Department says the unemployment rate stayed at 7.8 percent last month. November's rate was revised higher from an initially reported 7.7 percent. ... more »
  • Congress gets a raise as country goes over cliff

    December 31, 2012 10:28 PM

    Washington DC - While the country braces for the fiscal cliff, congress will prepare of pay raises. On Thursday the President signed an executive order ending long time pay freezes for federal employees. It ushers in raises for the Vice President, congress, and circuit and district court judges. The VP... more »
  • Obama invites congressional leaders to cliff talk

    December 27, 2012 11:18 PM

    WASHINGTON - With the "fiscal cliff" clock winding down, President Barack Obama will meet with congressional leaders at the White House on Friday. The last-minute gathering will apparently attempt to reach a compromise to avoid a year-end across-the-board tax increases and deep spending cuts. Word of the meeting came after... more »
  • Obama cuts vacation short as 'fiscal cliff' looms

    December 26, 2012 6:43 AM

    HONOLULU - President Barack Obama is cutting short his traditional Christmas holiday in Hawaii, planning to leave for Washington on Wednesday evening as he and lawmakers consider how to prevent the economy from going over the so-called fiscal cliff. Obama was expected to arrive in Washington early Thursday, the White... more »
  • Lawmakers see 'fiscal cliff' deal as elusive

    December 24, 2012 8:11 AM

    WASHINGTON - Lawmakers say it'll be time to get back to work when they and President Barack Obama return to Washington on Thursday following the Christmas holiday. Time is running out to avert the fiscal cliff of tax increases and domestic program cuts in January, and some members of... more »
  • Boehner on averting fiscal cliff: 'God only knows'

    December 21, 2012 9:33 AM

    WASHINGTON - House Speaker John Boehner says he's still open to talks with President Barack Obama on avoiding the double economic hit of automatic tax hikes and spending cuts but he needs Obama to compromise more. Boehner spoke to reporters Friday morning, hours after his rank-and-file Republicans handed him... more »
  • Leading conservative says Obama will win tax fight

    December 13, 2012 10:08 AM

    WASHINGTON - A leading conservative who's resigning from the Senate is predicting that President Barack Obama will win the battle over raising taxes. South Carolina Republican Jim DeMint calls it "a political trophy" within Obama's grasp. He says, quote, "The president's proposal is not a plan, it's not a... more »
  • House GOP press Obama for balanced fiscal deal

    December 12, 2012 9:54 AM

    WASHINGTON - House Republican leaders are pressing President Barack Obama to come up with plan they can accept for spending cuts and tax revenue to avoid the so-called "fiscal cliff" of automatic tax hikes and budget reductions. Speaker John Boehner tells reporters at a Capitol Hill news conference that... more »
  • Fiscal cliff stalemate spurs anxiety in states

    December 10, 2012 12:35 PM

    JEFFERSON CITY, Mo. - A potential plunge over the federal "fiscal cliff" is causing anxiety for many state officials - not only because of prospective federal funding cuts, but because of the confusion surrounding the ongoing stalemate in Washington. The longer the White House and Congress remain at odds, the... more »
  • Oscar maker plans layoffs in Chicago

    December 7, 2012 11:59 AM

    CHICAGO - The Chicago company that makes the familiar gold-plated Oscar statues is laying off almost 100 employees. R.S. Owens & Co. Inc. said this week in a notice to the Illinois Department of Commerce that it will lay off 95 workers on Dec. 17. The notice says the layoffs... more »

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