• Monday, August 31, 2015 - 14:43


    --Congress Must First Approve Stop-Gap Bill to Buy Time
    --After CR Approved, Broader Talks Set to Follow
    --Lawmakers Return to DC September 8th

    WASHINGTON (MNI) - The U.S.

  • Friday, August 28, 2015 - 14:09


    --Updating 12:29 08/28 EDT Story With Additional Details
    --Fischer Says Effect of China Slowdown on US Economy 'Reasonably Small'

    JACKSON HOLE, Wyoming (MNI) - U.S.

  • Friday, August 28, 2015 - 13:12


    --Hill GOP Leaders Signal Interest In Fiscal Deal W/Dems
    --But GOP's Rank-and-File Seem Skeptical of Compromise
    --Congress Confronts Stop-Gap, Debt Hike, Highway Funding

    WASHINGTON (MNI) - As lawmakers try to enjoy the final days of their August recess, several thorny fiscal issues have moved from the distant to the near horizon and will begin descending on Congress in a few weeks.

    Both House Speaker John Boehner and Senate Majority Leader Mitch McConnell have said they are determined to avoid a fiscal meltdown this fall.

    However, some rank-and-file Republicans seem less inclined to avoid a confrontation, arguing the GOP should use whatever leverage it has to advance its policy agenda.

  • Friday, August 28, 2015 - 12:14


    --Fischer Says Effect of China Slowdown on US Economy 'Reasonably Small'

    JACKSON HOLE, Wyo. (MNI) - U.S.

  • Friday, August 28, 2015 - 07:16


    By Elvina Nawaguna

    WASHINGTON (MNI) - As crude oil prices continue to tumble, the law of the jungle will set in, as weaker companies facing lower profits and tighter production costs get squeezed, and as bigger firms look for lucrative deals, experts say.

    Although the volatility in oil prices has cooled consolidation activity in the energy industry since the second half of 2014, analysts expect that as prices reach their bottom and start to stabilize, and as companies look at their balance sheets, mergers and acquisitions, even bankruptcies or distress sales will accelerate.

    A decline in crude oil prices that started last year has wreaked havoc on the energy industry, undercut stock prices and slowed the rate of mergers and acquisitions as buyers and sellers wait for a c

  • Wednesday, August 26, 2015 - 17:02


    --U.S. Stocks Investors Pile In by Wednesday Close
    --Repeats to Add Codes

    WASHINGTON (MNI) - China is at the center of the recent pandemonium in the global financial markets with its actions sending the stock markets into a frenzy and pushing commodity prices down. But Fitch Ratings said Wednesday the panic over the Asian country's economic outlook may be exaggerated and that recent consumption and labor market data do not signal a disorderly or rapidly deteriorating economy.

    Stocks investors appeared to agree by the close Wednesday, as the Dow industrials and the S&P 500 both closed up nearly 4% and the Nasdaq had an even better showing, up 4.24%.

    Earlier in the week, however, it was a lot different.

  • Tuesday, August 25, 2015 - 10:34


    --Updating 10:03 ET Story, Adds Details
    --Debt Limit Deadline Seen Between Mid-November, Early December

    WASHINGTON (MNI) - Larger than anticipated tax receipts are shrinking the U.S. budget deficit, the Congressional Budget Office projected Tuesday, with this fiscal year's red ink down to $426 billion, $59 billion less than last year and $60 billion less than last estimated in March.

    At 2.4% of GDP, the current year's deficit will be the smallest since 2007 and below the 50-year average relative to the size of the economy.

  • Tuesday, August 25, 2015 - 10:03


    --Debt Limit Deadline Seen Between Mid-November, Early December

    WASHINGTON (MNI) - Larger than anticipated tax receipts are shrinking the U.S.