ARTICLES RELATING TO US ECONOMY

Yogurt makes NY official snack list

2014-10-20 19:00

Yogurt has become New York's official state snack, joining the likes of popcorn and salty boiled peanuts among popular foods honoured by US states.

Obama announces $33bn in commitments for Africa

2014-08-06 05:59

President Barack Obama has announced $33bn in commitments aimed at shifting US ties with Africa beyond humanitarian aid and toward more equal economic partnerships.

Qatar to buy missiles in $11bn US arms deal

2014-07-15 09:47

Qatar will buy US Patriot missiles for the first time in a major arms deal worth $11bn, officials say, as Washington awaits a decision by the Gulf state on a lucrative fighter jet contract.

European stocks drop, hit by US contraction

2014-06-25 16:44

European stock markets have fallen slightly, with losses accelerating after the US said its economy has recorded its biggest contraction in five years.

US new-home sales dive

2014-04-23 18:15

US new-home sales have dived in March, the second month in a row of slower sales, adding to signs of weakness in the housing market.

US inflation steady as Yellen takes lead

2014-03-18 21:17

US consumer inflation has remained stable in February, setting the stage for the next round of interest rate decisions under new Fed leadership.

US jobs growth upbeat amid weather fears

2014-03-09 12:28

US job growth has accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown.

US economy could be stuck in slow lane

2014-02-10 07:40

The US economy may be in the doldrums for years to come, with two straight weak job reports raising doubts about predictions of breakout growth in 2014.

Obama to bypass gridlock in Congress - speech

2014-01-29 10:40

President Barack Obama, looking to energise his sluggish second term, used his biggest speech of the year to push for programmes to narrow economic disparities between rich and poor.

US Treasury launches floating rate note

2014-01-23 20:04

The US Treasury has announced its first auction of floating rate notes, adding the first new security to its range of debt instruments in 17 years.

US $1 trillion bill awaits Obama signature

2014-01-17 09:12

Marking a truce after years of fiscal feuding in Washington, Congress has passed a $1.1 trillion spending package that effectively ended the threat of an election-year government shutdown.

Americans have little faith in govt - poll

2014-01-02 13:23

Americans enter 2014 with a profoundly negative view of their government, expressing little hope that elected officials can or will solve the nation's biggest problems, a new poll finds.

IMF signals rosier oulook for US economy

2013-12-23 08:53

The International Monetary Fund has indicated that it will raise its growth forecast for the US economy in 2014.

US manufacturing up despite auto slump

2013-11-17 16:33

US manufacturing output has risen for a third straight month in October even as automobile production fell, suggesting a turnaround after a slump early this year.

Republicans: Obamacare the next target

2013-10-20 21:58

"Obamacare" has escaped unharmed from the government shutdown Republicans hoped would stop it, but just as quickly they have opened a new line of attack.

Obama: Shutdown encouraged US foes

2013-10-17 17:34

US President Barack Obama has warned that America's political dysfunction had encouraged its enemies and depressed its friends, and said the crisis had left "no winners" in Washington.

Senate announces deal to end US shutdown

2013-10-16 18:29

Democratic leader Harry Reid says Senate leaders have reached a bipartisan deal to avoid default and end the government shutdown.

US races to strike last-minute deal

2013-10-16 17:22

US Senate leaders have raced to strike a last-minute deal to avert a historic lapse in the government's borrowing authority.

Reid, McConnell optimistic on shutdown deal

2013-10-14 22:35

Hopes have grown for heading off a US government default and ending a partial government shutdown after encouraging comments from the congressional leaders.

Obama summons leaders for debt crisis talks

2013-10-14 18:29

President Barack Obama has called top congressional leaders to the White House, stepping up efforts to stave off the rising threat of a historic US debt default.

Lagarde warns against US spending cuts

2013-10-13 21:18

IMF Director Christine Lagarde has warned that US spending cuts must not be too drastic or they could threaten global economic recovery.

Wall St faces volatile week

2013-10-06 21:00

US stocks are likely to face another week of rising turbulence as efforts to settle the budget dispute in Washington drag on.

Stop this farce, Obama urges Congress

2013-10-05 16:32

US President Barack Obama has called on the lower chamber of Congress to "stop this farce" and end the US government shutdown by unconditionally approving a federal budget.

US shutdown: Obama cancels Asia stops

2013-10-02 20:37

President Barack Obama has scrapped part of a long-planned trip to Asia as a US government shutdown entered a second day with no end in sight to the funding battle in Congress that triggered it.

US shutdown: Obama postpones Malaysia trip

2013-10-02 09:16

President Barack Obama has postponed a visit to Malaysia due to the US government shutdown, Malaysia's prime minister has confirmed.

 

World Trade Centre to become new business hub

2014-09-10 08:37

New York officials say a completed World Trade Centre complex will create a vibrant district and make Lower Manhattan a business and shopping destination.

US job growth cools, unemployment rate up

2014-08-03 20:19

US job growth has slowed and the unemployment rate unexpectedly rose, pointing to slack in the labour market that could give the Fed room to keep interest rates low.

US economy picks up as job growth surges

2014-07-04 09:28

US employment growth has jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was growing briskly.

US Federal Reserve keeps faith in recovery

2014-06-19 09:17

The Fed has expressed confidence that the US economic recovery is on track and hinted at slightly more aggressive interest rate increases starting next year.

Yellen surprise puts investors on defence

2014-03-23 19:12

Investors worried that the Federal Reserve will start raising interest rates in a year's time should stick with defensive-oriented securities, analysts say.

Bernanke: Natural gas bright spot for US

2014-03-09 13:17

The boom in onshore natural gas output in the US has brought down power prices and may be contributing to a "reshoring" of jobs from overseas, says Ben Bernanke.

US Senate vote avoids devastating debt default

2014-02-13 07:55

The US has averted a damaging debt default as the Senate passed legislation to allow the government to borrow money to pay its bills in a major win for Obama.

'New' Obama tinkers rather than transforms

2014-01-29 13:04

US president Barack Obama once galvanised vast crowds with the cry: "let's go change the world!" However his State of the Union Address has revealed a more incremental approach.

Poll: Obama seen as nice, so-so president

2014-01-23 11:36

Taking stock of President Barack Obama at the five-year mark in his term, less than a third of Americans think he is an above-average chief executive. Twice as many find him likable.

US Congress unveils $1 trillion spending bill

2014-01-14 10:05

Negotiators from the US Senate and House of Representatives have unveiled a $1 trillion spending bill, eliminating the threat of another government shutdown, at least until October.

Bargain-hungry shoppers in driving seat

2013-12-23 09:07

Consumers have shopped less on the final weekend before Christmas despite more discounts, a sign of how difficult a season this is turning out to be for retailers.

Americans unhappy with politicians - polls

2013-11-30 11:55

Americans are deeply unhappy with Congress and President Barack Obama, and there's no quick fix in sight, according to recent polls.

White House: Obamacare not costing jobs

2013-10-22 22:37

The White House has said there was no evidence President Barack Obama's signature healthcare programme is driving up the number of part-time workers.

Americans find little cheer in fiscal deal

2013-10-20 15:06

Most Americans have found little to cheer in the congressional deal to reopen the government and avoid a national default, according to a poll.

US avoids default as Congress ends shutdown

2013-10-17 07:59

The US government has reopened its doors after Congress passed legislation to end a government shutdown and - just in the nick of time - avert a US debt default.

Senator: US budget, debt deal in hand

2013-10-16 17:31

Senate leaders have agreed to a bipartisan plan to avert a threatened Treasury default and reopen the federal government after a 16-day closure.

Senate leaders nearing US debt ceiling deal

2013-10-15 09:26

With a potential debt default looming, Senate leaders are nearing completion on a deal to stave off a self-inflicted political calamity that would shred US credibility.

Obama delays debt meeting

2013-10-14 21:19

A meeting between President Barack Obama and congressional leaders to discuss progress toward a deal to re-open the government has been postponed to give the Senate more time, the White House says.

US lawmakers split despite Oct 17 deadline

2013-10-14 10:59

The US is still facing a potentially devastating sovereign debt default, after senators failed to agree on terms to reopen the federal government and raise the country's borrowing limit.

Senate leads hunt for shutdown deal

2013-10-13 19:54

Senators have looked to party leaders to devise a plan that will reopen the government and steer clear of a potential default.

Pentagon to recall most workers

2013-10-06 10:28

The Pentagon says it will recall most of the roughly 400 000 civilian defence department employees sent home during the government shutdown.

White House talks fail to end shutdown

2013-10-03 07:28

Talks between an "exasperated" US President Barack Obama and top Republicans have failed to end a government shutdown, with both sides accusing the other of refusing to negotiate.

US govt shutdown: No end in sight

2013-10-02 11:46

The political impasse in Congress shows no signs of easing, leaving federal government functions - from informational websites, to national parks, to processing veterans' claims - in limbo.

Fears that US shutdown may last weeks

2013-10-02 07:29

Democrats and Republicans have blamed each other as much of the vast machinery of the US government ground to a halt, amid fears that the shutdown could last for weeks.

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