Senate votes to repeal ethanol tax credits
Posted: June 17, 2011WASHINGTON – (AP) The Senate voted Thursday to repeal tax credits for producing ethanol, a vote that budget cutters hope will demonstrate a growing appetite in Congress to en... read more.
Wall Street sinks as Greek fears rise; more losses eyed
Posted: June 15, 2011NEW YORK (Reuters) - Stocks tumbled on Wednesday, driven lower by escalating Greek debt woes, while troubling U.S. data pointed to further losses ahead.Financials came under fire a... read more.
Calif Gets Over $800 Million in Unemployment Funds (06/15/2011)
Posted: June 15, 2011LOS ANGELES (AP) — Federal officials announced Wednesday that California will receive more than $800 million in funding to help the unemployed as the state struggles to deal ... read more.
2011-06-14 Bernanke says Debt Limit Battle Risks Crisis
Posted: June 14, 2011WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous lo... read more.
Social Security makes $8B in improper payments
Posted: June 14, 2011WASHINGTON (AP) — The Social Security Administration made $6.5 billion in overpayments to people not entitled to receive them in 2009, including $4 billion under a supplement... read more.
NY jury convicts 3 in NYC hedge fund trial
Posted: June 13, 2011NEW YORK (AP) — The second trial to result from a massive investigation into insider trading at hedge funds ended Monday with the conviction of a trio of Wall Street traders ... read more.
U.S. banks prepare to lower use of Treasuries: report
Posted: June 13, 2011NEW YORK (Reuters) - A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.The decision come... read more.
S&P slashes Greece to lowest, says default likely
Posted: June 13, 2011ATHENS/NEW YORK (Reuters) - Greece became the lowest-rated country in the world in the rankings of Standard & Poor's on Monday, putting it below Ecuador, Jamaica, Pakistan and ... read more.
Fed prepares for last spurt of easy money flood
Posted: June 10, 2011NEW YORK (Reuters) - The flood of Federal Reserve money that has supported Wall Street and the rest of the U.S. economy for 2-1/2 years will shrink to a trickle with the conclusion... read more.
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