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December 20, 2015

US and Brazil resolve cotton trade fight

The United States and Brazil have resolved a decade-long trade battle over subsidies Washington provided to U.S. cotton growers

December 20, 2015

Economy grew at 4.6 percent rate in April-June

After a dismal winter, the U.S. economy expanded at an annual rate of 4.6 percent in the spring, the fastest pace in more than two years, the government reported Friday. The solid rebound is expected to provide momentum for strong growth the rest of the year.

December 20, 2015

Vice President Biden says union workers deserve 'fair share'

Vice President Joe Biden told hundreds of Detroit-area union members that they deserve a "fair share" of any improvement in corporate profits.

December 20, 2015

US economy grew at brisk 4.2 percent in second-quarter

After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated.

December 20, 2015

Federal consumer watchdog agency hit with complaints of retaliation, discrimination

The federal consumer watchdog agency has been beset by complaints of retaliation and discrimination, according to a published report. 

December 20, 2015

US economy forecast to grow by just 1.5 percent in 2014

The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.

December 20, 2015

GOP leader says Labor Dept. is wasting tax money

The chairman of a House panel is asking Labor Secretary Thomas Perez to turn over to Congress documents and information the lawmaker alleges will show "a pattern of wasteful spending and mismanagement" at the Labor Department.

December 20, 2015

Hiring seen strengthening under Obama, but wages -- not so much

A report commissioned by the U.S. Conference of Mayors finds the United States has finally regained all the jobs lost during the so-called Great Recession, which commenced at the end of 2007 – but that the money workers are earning now is far less than what they used to take home.

December 20, 2015

Yellen says economy still needs Fed support

Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.

December 20, 2015

Obama asking companies to pay suppliers faster

Dozens of companies, including Apple, Honda and Coca-Cola, have agreed to pay their suppliers more quickly in a bid to boost small businesses, the White House announced Friday.