Category Archives: Economy news - Page 30

Consumer financial bureau on the hot seat

House Republicans got their first chance Wednesday to grill White House adviser Elizabeth Warren about the new Consumer Financial Protection Bureau (CFPB), taking a first step in a campaign aimed at gutting, curbing or controlling the new agency.

Millionaires on the rebound

What recession? The millionaire population jumped in the U.S. by 8% last year, fueled by the stock market recovery, according to an industry report on Wednesday.

Building permits fall to all-time low

The housing market just can’t seem to catch a break.

Gas prices finally notch down

Gasoline prices dipped for a second straight day on Wednesday, providing a reprieve to motorists after a 20-day streak of gains, even though they’re expected to rise again.

Fed not sweating high oil prices

The nation’s economic recovery is getting stronger but inflation remains in check, according to the Federal Reserve. The Fed said Tuesday it will remain on its current course of pumping more cash into the economy.

Ohio governor slashes $8B from budget

Fulfilling his promise not to raise taxes, Ohio Gov. John Kasich Tuesday unveiled a budget that slashes spending and seeks to privatize certain government functions to eliminate an $8 billion budget deficit.

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