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Tag Archives: treasury

Bernanke says economic recovery close to faltering

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 ...

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Rate on 30-year mortgage falls to record 4.01 pct.

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 ...

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Global leaders struggle to calm recession fears

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 ...

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Opinions – 9/12/11: U.S. District Court, Maryland

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 ...

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In financial crisis, post office turns to Congress

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 ...

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Stocks plunge as attention returns to weak economy

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 ...

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