Global Economy
Obama Renews Offer To Cut Social Safety Net For Budget Deal
President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in ...India Surprises With Spending Surge
India unveiled a surge in government spending on Thursday, despite expectations of an austerity budget to shore up its finances, imposing new taxes on the rich and large companies to fund a dash for ...U.S. Economy Anemic Growth At Weakest Pace Since 2011
The U.S. economy barely grew in the fourth quarter although a slightly better performance in exports and fewer imports led the government to scratch an earlier estimate that showed an economic ...A.M. Best Comments On Moody’s UK Downgrade
A.M. Best Europe-Rating Services Ltd. said it "does not anticipate any impact on its ratings of insurers operating in the UK as a direct consequence of the sovereign downgrade." Best was referring to ...Bernanke: Jobless Rate Won’t Fall To 6% Until 2016
The U.S. jobless rate is unlikely to reach more normal levels for several years, Federal Reserve Chairman Ben Bernanke said on Wednesday as he again defended the central bank's forceful easing of ...Bernanke To Congress: Fed Stimulus Benefits Clear
Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's monetary stimulus before Congress on Tuesday, easing financial market worries over a possible early retreat from bond ...