Republicans continue to indicate that they will not accept any tax hikes as part of a deal to increase the debt limit, a decision President Obama is calling unsustainable. Obama indicated that Democrats have been willing to compromise on issues that are important to them, including spending cuts that will affect their states’ programs – [...]

Americans are less optimistic about the economy this month than they have been all year. The drop in consumer confidence was unexpected after the outlook in May was better than expected. Many factors figure in to this outlook, among them rising inflation, joblessness, falling share prices and fears that the economy will stagnate. Respondents who [...]

Microsoft’s Office 365 launched today, geared toward helping small and medium-sized businesses migrate to the cloud. Its positioned as an alternative to products from rival Google, who has already been in the cloud space for quite some time. According to Microsoft Chief Executive, Steve Ballmer, 365 is designed to help smaller companies get the advantages [...]

Spending by U.S consumers fell last month, but the stock market rallied on signs of a debt repayment plan for Greece. French banks agreed to accept slower debt repayment from Greece, which would give the country more time to pay off other, more pressing financial obligations. Bondholders in France currently carry about $21.3 billion in [...]

Although Federal Reserve Chairman Ben Bernanke is predicting an economic rebound, he’s also leaving the door open for another round of stimulus money. He spoke after U.S. central bankers met Wednesday in Washington, saying The Fed would be “prepared to take additional action” including buying up more Treasury securities. Bernanke explained that the economy will [...]

President Obama is likely painfully aware that no president since FDR has been reelected with jobless numbers so high, so he’s taking to the streets – or in this case, cities relying heavily on manufacturing – to talk about his plan to revive that sector of the economy. In Pittsburgh, Obama announced The Advanced Manufacturing [...]

The U.S. economy grew during the first quarter of this year, but only at a rate of 1.9 percent, signaling what policy makers are calling a temporary slowdown in growth. Stimulus money is still being pumped into the economy to help underscore the recovery but a number of factors contributed to this slowdown, among them [...]

The U.S. Postal Service is losing cash to the tune of $8.3 billion this year alone and to help cover their costs, they’re looking at a few options. First, the Postal Service is planning to shun a federal requirement to pay into a health care retirement fund, and stop making prepayments in order to stave [...]