Reuters: Economic News

Bernanke says banks need bigger capital buffer

Tue, 10 Apr 2012 10:16:25 -0400

STONE MOUNTAIN, Georgia (Reuters) - Federal Reserve Chairman Ben Bernanke said on Monday banks need to have more capital at hand in order to ensure the financial system is stable.

Obama healthcare could worsen U.S. debt: Republican study

Tue, 10 Apr 2012 09:41:30 -0400

WASHINGTON (Reuters) - Instead of curbing government spending, President Barack Obama's healthcare law could add up to $530 billion to the federal debt over ten years, a Republican expert on U.S....

Fed's Fisher: weak jobs data doesn't change outlook

Tue, 10 Apr 2012 14:12:52 -0400

NORMAN, Oklahoma (Reuters) - Friday's weak jobs report does not change the outlook for the economy, Dallas Federal Reserve Bank President Richard Fisher told reporters on Tuesday after a speech at...

Global growth worries push yields to 4-week lows

Tue, 10 Apr 2012 11:59:39 -0400

NEW YORK (Reuters) - U.S. Treasury debt prices rose on Tuesday, pushing benchmark yields below 2 percent for the first time in over four weeks as worries about the pace of global economic growth...

Obama team slams Romney for not paying "fair share" of taxes

Tue, 10 Apr 2012 14:17:37 -0400

BOCA RATON, Florida (Reuters) - President Barack Obama's campaign team attacked Mitt Romney on Tuesday for not paying his "fair share" of taxes, escalating rhetoric against the top Republican...

China surprises with export-led March trade surplus

Tue, 10 Apr 2012 08:08:06 -0400

BEIJING (Reuters) - China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to...

Analysis: How low can U.S. jobless rate really fall?

Mon, 09 Apr 2012 10:37:11 -0400

NEW YORK/WASHINGTON (Reuters) - Gary Feeman has been searching for a job for 16 months. He's not ready to give up just yet, but the 60-year-old worries he is running out of options.

Despite recovery, U.S. public employees face more layoffs

Sun, 08 Apr 2012 07:13:13 -0400

(Reuters) - Since 2009, the city of Chesapeake, tucked up against the Great Dismal Swamp in southern Virginia, has cut its workforce twice. This summer, nearly three years after the recession ended,...

Ranks of America's working poor grew in 2010

Fri, 06 Apr 2012 17:44:44 -0400

WASHINGTON (Reuters) - The number of working Americans earning so little they lived in poverty reached 7.2 percent of the labor force in 2010, the highest level in at least two decades, the...

Jobs recovery suffers setback in March

Sat, 07 Apr 2012 09:48:56 -0400

WASHINGTON (Reuters) - Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy.