February 16, 2014 |
Ever since a wave of conservative insurgents arrived in Washington after the congressional election of 2010, Congress has careened from one tea party-inspired fiscal crisis to another, from the debt-ceiling showdown of 2011 to last year's 16-day government shutdown. But last week, when the debt ceiling needed to be raised again, conservative Republicans decided not to fight. They still voted no, but they meekly stood aside to let the ceiling rise. "You've got to know when to hold them and when to fold them," Rep. Michele Bachmann (R-Minn.)
January 30, 2014 |
WASHINGTON - U.S. consumer spending ended last year with a flourish, lifting overall economic growth and renewing hopes that the recovery will hit its stride this year and boost employment and incomes. The economy expanded at a solid 3.2% annual rate in the fourth quarter, the government estimated Thursday. Figures showed that people ate out more and bought more cars, clothes and other goods and services. Rising exports and a rebound in business spending for equipment also helped.
January 23, 2014 |
Despite a harsh winter, a government shutdown and other problems, the nation's largest airlines reported strong earnings for 2013. The country's largest airlines benefited from a steady growth in demand, stable fuel prices and a continuing rise in revenue from passenger fees to check luggage and reserve roomier seats, among other charges, according to financial reports. Southwest Airlines, for example, reported Thursday net income of $754 million, or $1.05 per diluted share, for 2013, compared with $421 million, or 56 cents, for 2012.
January 15, 2014 |
WASHINGTON -- The bitter partisan feud over the proper size of government came to a temporary truce Wednesday as the House easily approved a $1-trillion spending bill to avert another federal shutdown. Speaker John A. Boehner (R-Ohio) corralled his often restless Republican majority to support the bipartisan accord, which is expected to be approved by the Senate later this week. The measure, approved 359 to 67, will fund almost every aspect of federal operations for the remainder of the fiscal year, through Sept.
January 13, 2014 |
WASHINGTON -- As senators narrowed their differences on a proposal to break a stalemate over unemployment insurance, congressional leaders reached agreement late Monday on a $1-trillion spending package to avoid a government shutdown this week. The intense day of private negotiations on Capitol Hill shows a Congress that is trying to move past the partisan brinkmanship that has paralyzed the legislative process in recent years. Republicans, in particular, have calculated that voters are tired of the gamesmanship and want the federal government to provide basic services.
January 7, 2014 |
WASHINGTON - Americans' confidence in the economy has jumped since the end of the partial federal government shutdown in October, another positive sign for the recovery as the new year begins, according to data released Tuesday by Gallup. The public opinion firm's economic confidence index rose to minus-19 in December from minus-25 in November. The monthly average, based on Gallup's daily tracking interviews, had plunged to minus-35 in October as a partisan standoff in Washington caused many federal agencies to shut down for 16 days.