Senior Administration Officials Warn Business Leaders About Boehner’s Fiscal Cliff "Plan B"
Hemera/Thinkstock(WASHINGTON) — Senior Obama administration officials met with business leaders to argue that House Speaker John Boehner’s “Plan B” could put the nation on a path to go over the fiscal cliff, a source familiar with th…
US Economy Not Making Rapid Growth Soon, Economists Say
Comstock Images/Thinkstock(NEW YORK) — Will the U.S. economy get better soon? Yes, but not by much, according to a new survey of business economists out on Monday. Forecasters from the National Association for Business Economics expect onl…
Big Oil, Big Tobacco…Big Beer?
Ryan McVay/Thinkstock(WASHINGTON) — Standard Oil was broken up in 1911. Could the beer industry be next?A powerful Washington think tank says big beer companies are edging smaller microbreweries out of the market — and antitrust regulators are …
Stocks Slide Despite Some Positive Economic Data
Hemera/Thinkstock(NEW YORK) — Stocks slipped Thursday as investors watch and worry, with Congress and President Obama no closer to a deal to avoid the fiscal cliff of tax increases and deep government spending cuts. The Dow closed down 75 points …
Feds Release First Report on Credit Reporting Agencies
Zoonar/Thinkstock(WASHINGTON) — If you’re reading this, you probably have a credit file. Nearly every American is the subject of a unique credit report, detailing credit cards, loans, and bank accounts.But for the first time, the federal g…
US Intelligence: China Economy to Surpass US by 2030
iStockphoto/Thinkstock(WASHINGTON) — A report on global trends prepared by the U.S. intelligence community notes that by 2030 China is likely to have surpassed the United States as the world’s largest economy. The report suggests the United Stat…
VA Gov. Candidate McAuliffe Explains Building Plants in Mississippi
Chris Maddaloni/CQ-Roll Call(RICHMOND, Va.) — Virginia gubernatorial candidate Terry McAuliffe created American jobs with his recently acquired electric car company — just not in Virginia.After he was asked about it at a campaign event this week, the…
Consumer Spending Fell 0.2% in October, Incomes Fell Flat
Ryan McVay/Thinkstock(NEW YORK) — The economy took a hit last month as Superstorm Sandy pummeled through the East Coast, closing down major markets for days.The Commerce Department reported on Friday that consumer spending declined $20.2 billion, or …
Small Business Owners Stand with President Obama on Taxes
Official White House Photo by Pete Souza(WASHINGTON) — Small business owners emerged from the White House Tuesday confident that President Obama is committed to ending tax cuts for the wealthy and preserving tax breaks for the middle class as he works…
New Bailout Package for Greece Approved
iStockphoto/Thinkstock(NEW YORK) — Greece will not be defaulting on its loans anytime soon. After weeks of difficult talks, Greece’s European partners and the International Monetary Fund agreed on Tuesday to release a bailout payment. …
Hiring of New College Grads Expected to Rise 5 Percent
Hemera/Thinkstock(NEW YORK) — The job market appears to continue to improve as hiring is expected to increase 5 percent for new college graduates, according to an annual survey by the Michigan State University’s Collegiate Employment Research Institut…
Third East Idaho Call Center Closes; Blames Obama
AMMON – An Ammon call center is closing its doors, joining two others who closed down or laid off dozens of employees in the last week. Promark Research announced the closure Tuesday. An attorney for the Texas-based company claims the layoffs are the result of President Barack Obama’s reelection. KIDK reports most of the call [...]
Majority of Americans Skeptical a Deal Will Be Reached on ‘Fiscal Cliff,’ Poll Finds
Hemera/Thinkstock(NEW YORK) — Americans don’t trust Republicans and Democrats to get along, it seems.A new poll from the Pew Research Center finds that 51 percent of Americans don’t believe a deal will reached between President Obama and R…
Oil Drillers Find Massive Deposit in US
Comstock/Thinkstock(NEW YORK) — Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp those of the Organization of the Petroleum Exporting Countries, or OPEC…
Boise, Nampa Listed in ‘Best Home Values’ by Bankrate
BOISE – Boise, Idaho, just may be one of the best places to own a home. According to a report by Bankrate.com, home values were up 7.6 percent nationally from the third quarter of 2011 to the same period in 2012. According to the National Association of Realtors, Boise was listed No. 4 in the [...]
Two Million Could Lose Unemployment Benefits Next Month
Spencer Platt/Getty Images(WASHINGTON) — Millions of Americans could be headed off their own fiscal cliff at the end of December unless Congress does something to prevent benefits from ceasing.Currently, there are more than five million people who hav…
Is Japan Headed for a Recession?
Stockbyte/Thinkstock(TOKYO) — New economic data out Monday suggests Japan may be inching toward a recession yet again.The government reported that the country’s economy shrank 0.9 percent between July and September, while its gross domestic product fe…
What the ‘Fiscal Cliff’ Means for Typical Pocketbooks
Brand X Pictures/Thinkstock(NEW YORK) — The “fiscal cliff” is near, but what does it all mean for your pocketbook?In short, before the end of the year, Congress has to determine whether and how it will extend the tax cuts that most Americans have enjo…
Congressional Budget Office Describes Consequences of ‘Fiscal Cliff’
Comstock Images/Thinkstock(WASHINGTON) — Now that all the confetti has been cleaned up, the harsh reality of dealing with the so-called “fiscal cliff” looms for President Obama and Congress over the next seven weeks.Expiring tax cuts, deep automatic s…
Consumers Spending Less with Credit Cards, Says Fed
George Doyle/Thinkstock(WASHINGTON) — More families may be putting their financial houses in order. The government reports that credit card spending is down, despite an increase in available consumer credit. The Federal Reserve…