Republicans in the U.S. House of Representatives are meeting Friday to once again revise their plan to raise the U.S. borrowing limit and cut government spending, just four days before the government faces a possible default on its financial obligations. Republican leaders were forced to delay on a vote Thursday night on a plan crafted […]
US Republican Leaders Looking for New Debt Plan
Posted July 29th, 2011 at 9:05 am (UTC-5)
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US Stocks Advance in Midday Trading Thursday
Posted July 28th, 2011 at 1:05 pm (UTC-5)
U.S. stock indexes moved higher in afternoon trading Thursday. The Dow Jones Industrial Average is up four-tenths of a percent. The broader S & P 500 index is ahead by six-tenths of a percentage point, while the NASDAQ index is up 1.1 percent. Stocks finished mixed in Europe. London’s Financial Times index advanced three-tenths of […]
New US Jobless Benefit Claims Fall to 16-Week Low
Posted July 28th, 2011 at 11:30 am (UTC-5)
Applications for jobless benefits dropped in the U.S. last week to their lowest level since early April, a sign the nation’s labor market may be starting to improve. The U.S. government reported Thursday that the number of first-time benefit claims fell by 24,000 from the previous week to 398,000, the first time in 16 weeks […]
US Stocks Advance in Early Thursday Trading
Posted July 28th, 2011 at 10:30 am (UTC-5)
U.S. stock indexes moved slightly higher in early trading Thursday. Both the Dow Jones Industrial Average and the broader S & P 500 index are up one-tenth of a percentage point, while the NASDAQ index is ahead two-tenths of a percent. Stocks are falling in afternoon trading in Europe. London’s Financial Times index is down […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 3:25 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remain deadlocked about plans to raise the nation’s debt limit as a possible default looms in one week. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August 2 […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 2:55 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remained deadlocked Tuesday on plans to raise the nation’s debt limit as a possible default looms a week away. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 2:05 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remained deadlocked Tuesday on plans to raise the nation’s debt limit as a possible default looms a week away. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August […]
US Stocks Mixed in Tuesday Trading
Posted July 26th, 2011 at 1:10 pm (UTC-5)
U.S. stock indexes are mixed in Tuesday trading. The Dow Jones Industrial Average is off more than four-tenths of one percent, while the S&P 500 index is down one-tenth of a percent. The NASDAQ is a tenth of a percent higher. Stocks ended mixed in Europe. London’s Financial Times index finished ahead one-tenth of a […]
US Stocks Open Lower Tuesday
Posted July 26th, 2011 at 10:20 am (UTC-5)
U.S. stock indexes open lower on Tuesday. The Dow Jones Industrial Average is off more than one-half of one percent, while the S&P 500 index is down three-tenths of a percent. The NASDAQ is a tenth of a percent lower. Stocks are down in afternoon trading in Europe. London’s Financial Times index is down less […]
Airlift of Food for Somalia and Horn of Africa to Begin Tuesday
Posted July 26th, 2011 at 7:25 am (UTC-5)
The U.N. World Food Program will begin airlifting food to Somalia Tuesday. WFP Executive Director Josette Sheeran says this will be the first airlift of food since the U.N. declared a famine in two parts of Somalia last week. The United Nations says “massive” action is needed to save millions of people living in the […]
