Happy days here again? Jobs surge, stocks hit record high
Job growth surged in June, capping the best first half since 1999, driving blue chip stocks to a record high and leading analysts to say the economy is shifting to higher gear.
President dines with economists, again
President Barack Obama dined with prominent economists Wednesday, the second such lunch in less than a month as the administration seeks ways to accelerate the economic recovery.
Yellen: Fed couldn't have prevented financial crisis
The Federal Reserve was slow to understand how the collapse of the housing market would lead to a profound financial crisis, Chair Janet Yellen acknowledged Wednesday, arguing that even if it had acted more aggressively the crisis could not have been prevented.
ADP points to strong June job growth
Private-sector employers added 281,000 positions in June, according to payroll processor ADP in a report Wednesday that augers well for hiring as measured by the federal government.
You're paying more for gasoline, and here's why
Think you’re paying more than you should be for gasoline right now? You are.
Longtime Fed economist approved for key Treasury post
A longtime Federal Reserve and White House economist won Senate approval Thursday to head the Treasury Department’s Office of Economic Policy.
First-quarter growth revised down, again
The nations rate of growth contracted 2.9 percent in the first quarter, the Bureau of Economic Analysis reported in its third and final estimate for the period.
Consumer confidence, new home sales both jump
Consumer confidence came in stronger than expected in June, especially about perceptions about job availability, the Conference Board reported Tuesday in its monthly index.
Investigative committee subpoenas White House lawyer over IRS emails
Less than an hour before Internal Revenue Service Commissioner John Koskinen was scheduled to testify before the House Committee on Oversight and Government Reform Monday in a rare night hearing, the committee chairman announced a subpoena to compel testimony from a White House lawyer.
Home sales edge up, signs of stress remain
Existing home sales rose modestly in May, the National Association of Realtors reported Monday, a welcome improvement but one marred by continued signs of stress in the housing sector.
IRS chief refuses to apologize for lost emails
The head of the Internal Revenue Service refused to apologize Friday for lost emails in the scandal over the improper screening of conservative groups and denied more widespread computer failures.
What happens in Iraq doesn't matter to U.S. economy
More than a decade after the U.S.-led invasion, Iraq’s economy remains in shambles and two-way trade outside the oil sector remains minimal.