Reuters: Economic News

May consumer sentiment highest in more than four years

Fri, 25 May 2012 18:54:22 -0400

NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see...

Fed's Plosser warns on discretionary policy decisions

Fri, 25 May 2012 05:31:46 -0400

ELTVILLE, Germany (Reuters) - The debate over how the Federal Reserve can best articulate its policy actions grew on Friday as a top Fed official warned against discretionary decisions, and asked...

USDA won't change report schedule for now

Fri, 25 May 2012 15:22:04 -0400

WASHINGTON (Reuters) - The U.S. government will gather ideas from all sides on whether to change the release time of potentially market-moving Agriculture Department reports now that exchanges are...

Heard in more states: See you in tax court!

Fri, 25 May 2012 07:05:25 -0400

(Reuters) - Georgia State Representative Allen Peake owns 20 restaurants and this year he took his frustrations with his tax bills to the state capitol, where he helped push through legislation...

IRS prepares for potential private equity tax hike

Fri, 25 May 2012 13:33:25 -0400

WASHINGTON (Reuters) - Tax regulators are preparing for a potential tax hike on profits earned by private equity managers such as Republican presidential candidate Mitt Romney known as "carried...

Commercial real estate services expanding in U.S

Fri, 25 May 2012 16:47:03 -0400

NEW YORK (Reuters) - New commercial real estate brokerages are launching in the United States, in what may be a sign that the market's recovery is durable.

What would Greek exit mean for the U.S. economy?

Thu, 24 May 2012 19:04:25 -0400

WASHINGTON (Reuters) - Uncertainty over the fate of the euro currency is already dampening U.S. economic growth and any significant worsening of the crisis would deal a blow to a recovery that is...

USTR Kirk plans to go in January, upbeat on EU-U.S. trade

Thu, 24 May 2012 17:27:47 -0400

PARIS (Reuters) - U.S. Trade Representative Ron Kirk said on Wednesday that he expects to leave office at the end of President Barack Obama's first term, and also expressed enthusiasm about the...

Fed's Dudley says for now, more easing not needed

Thu, 24 May 2012 16:58:07 -0400

NEW YORK (Reuters) - Further action by the Federal Reserve to stimulate the U.S. recovery is not warranted for now because current growth is making a dent in "slack" in the economy, including in the...

U.S. defense cuts hit home at Ohio tank plant

Thu, 24 May 2012 17:31:55 -0400

LIMA, Ohio (Reuters) - Jeff Bingman began studying psychology in college, but soon ran out of money. He was tending bar when a welding job came open at the plant in this Ohio city of about 38,000...