Economic Crisis News
Pence in Florida: US won't stand by as Venezuela crumbles
Vice President Mike Pence addressed a sympathetic crowd of Venezuelans in South Florida as he assured them the U.S. will use its economic and diplomatic power to push for free elections.
UK subprime lender loses two-thirds of value as CEO quits
Shares in Provident Financial, a British sub-prime lender, have more than halved after the company's chief executive announced he was leaving with immediate effect following another profit warning
Global stocks recover their poise as Jackson Hole looms
Global stocks have risen after Wall Street gained as investors look ahead to this week's gathering of central bankers in Jackson Hole, Wyoming
Asian stocks mixed after Wall Street gains
Asian stocks were mixed after Wall Street gained as investors looked ahead to this week's gathering of central bankers in Jackson Hole, Wyoming
McConnell: 'America is not going to default'
Senate Majority Leader Mitch McConnell said there is "zero chance" Congress will allow the country to default on its debt by voting to not increase the borrowing limit
Economists see only slight impact from Fed bond trimming
Business economists believe that the Federal Reserve's long-awaited move to start reducing its massive bond holdings will push long-term bond rates up, but most think the impact will be fairly modest.
Fed officials split in July over inflation worries
Fed split at July meeting over inflation worries, pace of future rate hikes
SBA head sees businesses held back by lack of loans, workers
Six months into her tenure, SBA head sees businesses as optimistic but held back by lack of loans, workers
Congress leader says Brazil gov't lacks votes to pass reform
The head of Brazil's lower house of congress says the government doesn't have the votes to pass a social security overhaul that is key to President Michel Temer's economic agenda _ and possibly his survival in office
Top Fed official tells AP: Bond portfolio could shrink soon NEW YORK (AP) — A top Federal Reserve official is suggesting that the Fed will likely announce next month that it will begin paring its bond portfolio — a step that could lead to slightly higher rates on mortgages and other long-term