The Senate passed a short-term budget measure this afternoon to fund the government beyond March 27, which would avert a government shutdown but keep most of the budget cuts under sequestration in place. Read full article >>
NEW YORK (Reuters) – Dell Inc moved closer to a nearly $ 24 billion buyout deal, with price negotiations narrowing to $ 13.50 to $ 13.75 a share in what would be the biggest leveraged buyout since the financial crisis.
TOKYO (Reuters) – Japanese Economics Minister Akira Amari said on Sunday that the government and the Bank of Japan were getting closer to an agreement on a joint statement on monetary policy expected to be issued next week.
CHARLOTTE/WASHINGTON (Reuters) – Bank of America Corp announced more than $ 14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan … Continue reading
(Reuters) – A controversial genetically engineered salmon has moved a step closer to the consumer’s dining table after the U.S. Food and Drug Administration said Friday the fish didn’t appear likely to pose a threat to the environment or to … Continue reading
Here’s a riddle: If Congress doesn’t want to raise income tax rates but wants to raise revenue, what can it do? One answer: Pass a carbon tax. A relatively moderate-sized carbon tax could raise $ 1.25 trillion over the next decade, … Continue reading
There are currently 8.6 million workers in the United States who are employed part-time for economic reasons. These are workers who would prefer to clock a full 35 hours a week, but they have either seen their hours pared back by their … Continue reading
The historian Stephanie Coontz argues in Sunday’s New York Times that while the male-female pay gap has shrunk, this reflects a “convergence in economic fortunes, not female ascendance.” If anything, that’s too optimistic. Over the past decade, there are signs the … Continue reading
LOS CABOS, Mexico (Reuters) – Under pressure from financial markets and anxious world leaders, Europe agreed on Monday to move towards a more integrated banking system to stem a debt crisis that threatens the survival of the euro.