Before lawmakers grilled SEC Chairwoman Mary L. Schapiro on Thursday on whether she mishandled of a conflict of interest, one of her leading critics chatted amiably with her and shared some sympathetic words.
Wisconsin Gov. Scott Walker signed a highly contested bill Friday morning that takes collective bargaining rights away from most of the state's public employees. He also rescinded layoff notices for about 1,500 state workers.
Interest payments on the national debt are projected to quadruple over the next decade, surpassing spending on Medicaid, Medicare and domestic programs. Explore the government's projected spending through this interactive chart:
U.S. employers added 113,000 private-sector jobs in December, the Labor Department reported Friday, fewer than analysts expected. But the unemployment rate dropped from 9.8 to 9.4 percent--the lowest level since May, 2009. Economists had expected the report to show significantly...
General Motors said that it will price its stock at $33 a share for its initial public offering on Thursday, setting it up to be one of the biggest IPOs in history in a remarkable turnaround for the beleaguered auto giant. The total offering size could be as large as $23.1 billion, according to GM in an announcement late Wednesday. At that amount, counting sales of preferred shares, the GM IPO would be the largest ever in the world.
In her final speech as White House chief economist, Christina Romer on Wednesday will call on Congress to summon the political will to approve additional spending on the economy.