WASHINGTON — Treasury prices are dropping as emerging plans to aid Europe’s banks diminished the appeal of U.S. government debt. The European Commission’s president said Wednesday banks should stop paying dividends and bonuses until they have increased their capital cushions. ...

Tagged with: debt Economy Government treasury u.s. washington

WASHINGTON — Europe has a debt crisis. America has a jobs crisis. Corporate profits could be in trouble. World financial markets are in turmoil. And no one seems prepared to ride to the rescue. Federal Reserve Chairman Ben Bernanke bluntly ...

Tagged with: Ben Bernanke consumer confidence index dow jones industrial average Economy federal reserve republicans Stocks treasury Unemployment

WASHINGTON — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. The average on a 30-year fixed mortgage fell to 4.01 percent this week, Freddie Mac said Thursday. That’s ...

Tagged with: economists federal reserve bank fixed mortgage freddie mac home loans homes mortgage mortgage rates Real Estate treasury

WASHINGTON — The world’s major economic powers are pledging to launch a bold effort to deal with a chronic slowdown in growth and a European debt crisis threatening to push the global economy into another recession. But so far, markets ...

Tagged with: asia debt crisis Economy europe federal reserve germany great britain international monetary fund Stocks treasury united states world bank

Administrative Law Import restrictions BOTTOM LINE: Coin importer’s complaint, challenging the legality of import restrictions imposed on certain ancient coins under the Convention on Cultural Property Implementation Act, was dismissed for failure to state a claim. CASE: Ancient Coin Collectors ...

Tagged with: administrative law treasury

Fears about Europe’s debt crisis are pushing the yield on the 10-year Treasury note to its lowest point on records dating back nearly 50 years as investors seek safety. The rally in Treasury prices was sparked in part by the ...

Tagged with: Banks europe European Central Bank greece investors treasury treasury note

WASHINGTON — Postmaster General Patrick Donahoe warned that the Postal Service is on “the brink of default” as he battles to keep his agency solvent. Without legislation by Sept. 30, the agency “will default on a mandated $5.5 billion payment ...

Tagged with: mail post office postal service postmaster general postmaster general patrick donahoe treasury united states postal service usps

NEW YORK — Wall Street’s wildest week since 2008 continued with another 300-plus point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy might not be headed into another recession. ...

Tagged with: cisco credit rating dow jones europe gold Nasdaq s&p Stocks Stocks treasury treasury note

NEW YORK — Stocks plunged again Wednesday as investors turned their attention back to the weak global economy and Europe’s debt problems. Most of the big gains that followed a Federal Reserve pledge to extend super-low interest rates vanished. The ...

Tagged with: auto sales dow jones dow jones industrial average global economy gold inflation Nasdaq s&p stock market Stocks Stocks treasury

WASHINGTON — When it meets Tuesday, the Federal Reserve could signal what it can or will do to help the nation avoid another recession. Since the Fed last met in June, Standard & Poor’s has downgraded long-term U.S. debt, stock ...

Tagged with: bond chairman ben bernanke credit rating debt debt ceiling Economy federal reserve standard & poor's stimulus treasury united states