ARTICLES RELATING TO US ECONOMY

Bernanke: No Fed stimulus pullback yet

2013-05-23 08:40

The Federal Reserve's monetary stimulus is aiding US recovery but the bank won't take its foot off the gas pedal without further signs of traction, it says.

Unpaid leave for US department civilians

2013-05-15 12:00

Most of the US Defence Department's civilian employees will be placed on unpaid leave for 11 days as the military scrambles to comply with budget-cutting targets, says Defence Secretary Chuck Hagel.

US first-quarter growth quickens

2013-04-26 15:05

US economic growth regained speed in the first quarter, but not as much as expected, which could heighten about fears the already weakening economy.

US budget worries Republicans and liberals

2013-04-11 09:03

Barack Obama has rolled out a $3.78 trillion budget, angering Republicans with a call for higher taxes on the rich, while worrying liberals by supporting cuts to retirement benefits.

US economy 'still far' from desired state

2013-04-09 07:58

Federal Reserve chairperson Ben Bernanke says that the US economy still has far to go to recover to an acceptable state of health.

Republicans warned to co-operate on budget

2013-04-08 10:02

The White House has warned Republicans that an inflexible approach will mean defeat for them in upcoming budget negotiations.

US 'won't balance budget in next 10 years'

2013-03-13 10:04

President Barack Obama has warned that America will not balance its budget within a decade because Republican plans to do so would entail slashing social programmes many citizens rely on.

Obama dines with Republicans

2013-03-07 11:05

President Barack Obama has met a dozen Republican senators for dinner, in a rare break from the rancour that has driven two years of paralysing Washington rows over taxes and spending.

US economy shows strength

2013-02-27 07:57

Even with automatic spending cuts looming, the outlook for the US economy brightened a bit after reports showed that Americans are more confident.

US-SA business council launched

2013-02-21 07:56

The US Chamber of Commerce’s US-South Africa Business Council joined a congressional delegation led by a US senator for the council's SA launch in Johannesburg.

Obama's State of the Union speech

2013-02-13 08:26

Here is the complete text of President Barack Obama's State of the Union speech.

Obama stakes 2nd term on ambitious reform

2013-02-13 07:17

US President Barack Obama has used his State of the Union address to unveil his plans to strengthen America at home by reigniting its economic engine, cutting gun murders and fixing immigration.

Obama unveils plans to avert budget cuts

2013-02-06 08:15

US President Barack Obama has called for a balanced programme of spending reductions and tax reforms to prevent automatic budget cuts from kicking in on March 1.

Americans feel bite as pay tax rises

2013-01-13 18:21

US consumers are starting to cut back on spending as payslips across the country are shrinking due to higher federal tax rates.

US jobless claims rise

2013-01-10 16:01

More Americans have filed new claims for unemployment benefits, but seasonal volatility makes it difficult to get a clear picture of the labour market's health.

Obama signs fiscal cliff legislation

2013-01-03 07:57

President Barack Obama has signed legislation that raises tax rates for top earners and extends tax cuts for the middle class, the White House says.

US to reach debt limit on New Years Eve

2012-12-27 07:30

The United States government will reach its statutory $16.39 trillion debt limit - a ceiling imposed by Congress on December 31, Treasury Secretary Timothy Geithner says.

US House puts off 'fiscal cliff' vote

2012-12-21 07:28

Republicans in the US House of Representatives have abandoned a vote on legislation aimed at averting a fast-approaching "fiscal cliff", after failing to gather enough support.

Hopes rise for US fiscal cliff deal

2012-12-18 07:59

The differences over how to resolve the fiscal cliff have narrowed significantly as President Obama made a counter-offer to Republicans.

Senate approves $631bn defence budget

2012-12-05 10:58

The US Senate has unanimously passed the 2013 budget, despite a political impasse over debt reduction that could see huge cuts to military spending next year.

US fiscal cliff talks stall

2012-11-30 07:59

US Democrats and Republicans bickered over whether to raise taxes on the wealthiest Americans, as crunch negotiations on avoiding the so-called fiscal cliff stalled.

Obama pushes for tax on wealthy first

2012-11-15 07:53

President Barack Obama has said Republicans would have to agree to raise taxes on the wealthy as the first step in a budget deal that would prevent a recession.

 

Earnings frenzy: Will Apple get crushed?

2013-04-21 16:33

Apple may have lost nearly half of its value since its peak in September, but it's still the talk of the town. Only this time, it's all about how low can it go.

Obama's new budget targets millionaires

2013-04-10 13:18

The White House has proposed a budget that sharply trims the US deficit over three years by forcing millionaires to pay more in taxes.

The Democrats: A party united, somewhat

2013-04-08 14:03

There is indeed the potential for a full on civil war within the Republican Party before the next elections. But it most certainly isn’t exclusive to them, writes Simon Williamson.

US Congress OKs stopgap spending bill

2013-03-22 12:08

American lawmakers have averted a government shutdown by approving a stopgap spending bill, but heated debate over future federal spending has taken shape as they clash over budget plans.

US auto sales could rise 8% in March

2013-03-21 16:02

US auto sales in March are expected to rise 8% and the annual sales pace should top 15 million for the fifth straight month.

Sturdy US job gains show economy growing

2013-03-10 12:40

US employers have added a surprise 236 000 workers to their payrolls in February and the jobless rate fell to a 4-year low, a good sign for the economy.

US sequester: Crying wolf

2013-02-28 09:32

The American people have lost interest in what is now the fifth major economic political fight in two years, writes Simon Williamson.

High risk for Obama in spending fight

2013-02-25 12:00

Barack Obama may have the upper hand against Republicans in a high-risk new spending showdown, but a drawn-out clash would likely damage the economy.

US jobless claims drop

2013-02-14 16:13

The number of Americans filing new claims for unemployment benefits fell, pointing to a continued steady improvement in labour market conditions.

Obama proposes raising minimum wage

2013-02-13 07:46

US President Barack Obama has proposed to hike the minimum wage by more than 20% and spend $15bn on a construction jobs program in a bid to boost economic growth.

Strong US economy ahead of Obama speech

2013-02-12 14:01

As President Barack Obama delivers his State of the Union speech, he will preside over an economy much healthier than the one he inherited four years ago.

Bernanke: US debt ceiling hike critical

2013-01-15 08:41

Federal Reserve chief Ben Bernanke has urged US lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default.

US snubs platinum coins as debt remedy

2013-01-13 17:23

The US Treasury will not produce platinum coins as a way of generating $1 trillion in revenue and avoiding a battle in Congress over raising the US debt ceiling.

US CEOs pan fiscal cliff deal

2013-01-03 08:02

Executives have lambasted the congressional deal to steer the US away from the fiscal cliff, saying Washington wasted an opportunity to address long-term debt.

'Fiscal cliff' plan goes to Republican House

2013-01-01 18:29

A legislative fix to patch up America's fiscal crisis will be taken up by lawmakers in the Republican-controlled House of Representatives after passing the Senate overnight.

Talks stall as fiscal cliff looms

2012-12-31 08:05

Last-gasp talks have not produced a deal between US political leaders struggling to avert fiscal calamity due to hit the American and world economy in hours.

US fiscal cliff battle heats up

2012-12-28 07:45

US President Barack Obama will host top congressional leaders including his Republican rivals in a last-ditch bid to halt America's slide over the so-called fiscal cliff.

US fiscal cliff talks falter

2012-12-20 08:00

US President Barack Obama and Speaker John Boehner have duelled over the fiscal cliff and are still at odds over how to avoid tax hikes and spending cuts.

Mild pick-up for US economy next year

2012-12-12 18:13

The US economy is expected to remain sluggish next year, despite widespread expectations for more monetary stimulus from the Federal Reserve, a poll shows.

Tough talk as US 'fiscal cliff' looms

2012-12-03 11:54

A sense of deja vu gripped Washington as Democrats and Republicans locked in brinkmanship over taxes and spending, with pundits calling for a deal to be struck urgently.

Fed details stress test for big banks

2012-11-16 08:29

The latest round of "stress tests" will test how US banks would handle recessions in Europe and Japan and severe slowdowns in other Asian countries.

Fiscal uncertainty keeps lid on markets

2012-11-12 14:27

Uncertainty over whether Washington will agree a spending and taxation deal kept a lid on global market gains.

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