After a lengthy and politically charged search, President Barack Obama has decided to nominate Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the powerful U.S. central bank, succeeding Ben Bernanke at a pivotal time for the economy and the Fed’s monetary policies.
The price of oil fell Monday, edging off a two-year high as the likelihood of a U.S. attack against Syria appeared to diminish.
By Matthew Daly
President Barack Obama is hailing a last-minute deal that pulled the country back from the “fiscal cliff,” but warned that he “will not compromise” over his insistence that Congress lift the federal debt ceiling.
By Bryan McManus
Fears that debt-stricken Greece may be headed for a chaotic eurozone exit loomed large as President Barack Obama met other G8 leaders for crisis talks in the United States on Friday.
By Veronica Smith
US businesses shifted into hiring gear in January, creating jobs at the fastest clip in nine months, official data showed Friday amid signs the recovery from deep recession is gaining traction.
By Totel V. de Jesus
Recession in the US will affect mainly the Overseas Filipino Workers, said former Department of Budget and Management Sec. Benjamin Diokno, in an interview on “In Desk Corner” of 990 AM Radyo Inquirer, Wednesday morning.
If the US economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around. Given the tumult of the Great Recession, this may be hard to believe. But the economy is much weaker today than it was at the outset of the [...]
By Pallavi Gogoi
NEW YORK — The U.S. averted a debt default Tuesday when President Barack Obama signed a bill raising the country’s debt ceiling into law. But that might not enough to maintain its coveted AAA debt rating, according to Fitch Ratings. U.S. debt has held a AAA rating since 1917. Currently, fewer than 20 countries have [...]