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TOP BUSINESS STORIES EACH DAY
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| Thursday, 23-May-2013 07:27 EDT |
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Bush says rebates going out Monday will boost economy
WASHINGTON (AP) -- President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy.
Crude oil at new high just above $114; gas also at a record Oil Prices
NEW YORK (AP) -- Energy traders rewrote the record books again Tuesday, pushing oil futures past $114 a barrel as gasoline and diesel prices struck new highs of their own at the pump.
McCain Seeks Aid for Some Homeowners
NEW YORK - Republican Sen. John McCain called for federal aid for well-meaning homeowners who can't pay their mortgages, an attempt to fend off criticism that he has been indifferent to the housing crisis and the market upheaval it has spawned.
Uncertain Economy Awaits Next President
WASHINGTON - Hillary Rodham Clinton, Barack Obama and John McCain have diagnosed the swooning U.S. economy and have come up with rival plans to revive it. If the downturn lasts as long as some economists predict, one of the three will get a chance to try to sell his or her proposal to Congress as president.
Administration Pushes Regulatory Chnages
WASHINGTON - The Bush administration is trying to confront the credit crisis that has rattled nerves from Wall Street to Main Street by proposing wholesale changes in how Washington oversees the financial system.
Bush Seeks Financial Regulation Overhaul ¤
WASHINGTON - The Bush administration is proposing a sweeping overhaul of the way the government regulates the nation's financial services industry from banks and securities firms to mortgage brokers and insurance companies.
Stocks Jump on Revised Bear Stearns Deal / Wall Street Report
NEW YORK (AP) -- Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report, and sent the Dow Jones industrial average up nearly 190 points while also selling bonds sharply lower.
Stocks Jump on Revised Bear Stearns Deal / Wall Street Report
NEW YORK (AP) -- Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report and sent the Dow Jones industrial average up about 200 points.
Jobless Claims Rose Last Week / Jobless Claims
WASHINGTON (AP) -- The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is drying up jobs.
Bush Acknowledges Weakness in US Economy ¤
NEW YORK (AP) -- Trying to calm jitters about the economy, President Bush conceded on Friday that the country "obviously is going through a tough time" but expressed confidence that it will rebound. He cautioned against overreacting to fix the problems.
Bush Urges Patience on Economy ¤
NEW YORK (AP) -- President Bush preached optimism and Republican orthodoxy of minimalist government intervention Friday as the best approach to an increasingly troubled economy.
Bush Acknowledges Economy Troubled
NEW YORK - Trying to calm jitters about the economy, President Bush conceded on Friday that the country "obviously is going through a tough time" but expressed confidence that it will rebound. He cautioned against overreacting to fix the problems.
Boeing Supporters Target McCain ¤
WASHINGTON - Angry Boeing supporters are vowing revenge against Republican presidential candidate John McCain over Chicago-based Boeing's loss of a $35 billion Air Force tanker contract to the parent company of European plane maker Airbus.
Bush: Economy Has Slowed
WASHINGTON (AP) -- President Bush said Friday that "it's clear our economy has slowed" and tried to reassure an anxious public that the long-term outlook is good.
Rebate Checks in the Mail by Spring
WASHINGTON (AP) -- The checks aren't in the mail, but they will be soon.
Economic Aid Plan Just a Signature Away
WASHINGTON (AP) -- If government rebate checks ranging from $300 to $1,200 for just about every household don't spur a consumer spending spree strong enough to cure what ails the economy, Congress is ready to throw more money at the problem.
Bush Acknowledges Economic Uncertainty ¤
WASHINGTON - President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.
Bush Cuts Health and Community Services
WASHINGTON (AP) -- President Bush wants to cut funding for teaching hospitals and freeze medical research in a $3 trillion budget for 2009 that is still likely to generate a record deficit once war costs are tallied up.
Bush's Budget Lean on Domestic Programs
WASHINGTON (AP) -- President Bush's 2009 budget will virtually freeze most domestic programs and seek nearly $200 billion in savings from federal health care programs, a senior administration official said Thursday.
US Moves to Avert Economic Meltdown ¤
WASHINGTON - Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upwards of $150 billion in tax cuts and government spending.
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