The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Barack Obama has promised to address next year.
The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat.
Federal regulators plan to disclose Thursday that the top executives of government-controlled mortgage finance companies Fannie Mae and Freddie Mac each earned between $4 million and $6 million this year, two people briefed on the matter said.
Chevron Corp. will pay $45.5 million to resolve claims that it underpaid natural gas royalties to the government and Native Americans, the Justice Department announced Wednesday.
In the battle against black unemployment, places like the Opportunities Industrialization Center are ground zero. Savory aromas wafted from a king-size kitchen one recent day as the instructor demonstrated a fish recipe to a dozen aspiring cooks.
Oil prices held above $74 a barrel Wednesday in Asia after OPEC left output levels unchanged and a report showed U.S. crude inventories fell last week.
The economy started the year in free-fall but is on track to end 2009 on stronger footing. After a record four straight quarters of declines, the economy returned to growth in the July-to-September period.
Minivan salesman Zhu Yi has a problem that most auto dealers elsewhere would happily swap for their own — he doesn’t have enough vehicles to satisfy customer demand.
The Transportation Department responds to tarmac horror stories by ordering airlines to let passengers stuck in stranded airplanes to deplane after three hours.
Retail Web sites have bumped back deadlines and offer free express shipping after weekend snowstorms kept holiday shoppers home in large areas of the East Coast.
Inside, there are no victims, no killers, and no questions. There are only bright white lights and the click-clack of sewing machines in this new garment factory in war-torn eastern Sri Lanka.
Web sites that buy original video clips often pay so little that “The Bannen Way,” a flashy crime thriller debuting online, looked destined to be made poorly if it could be made at all.
It was almost unthinkable. The president of the United States walked into a meeting of fellow world leaders and there wasn’t a chair for him, a sure sign he was not expected, maybe not even wanted.
Around the world, countries and capitalism are already working to curb global warming on their own, with or without a global treaty.
Swiss watch maker Tag Heuer said Friday that it will “downscale” its use of golfer Tiger Woods’ image in its advertising campaigns for the foreseeable future.