Less than two weeks away from the deadline for an unprecedented government default, President Barack Obama sought Friday to pressure House Republicans to come around to a deal that he insisted must include new taxes as well as unpalatable spending cuts. At the same time, even with no clear end in sight to negotiations that […]
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The confidence of business leaders in Colorado continues to grow into the new year, according to University of Colorado Boulder’s Leeds Business Confidence Index. The university’s Leeds School of Business reported that business confidence appears at its strongest since the index was introduced 11 years ago, according to a news...
Federal Reserve Chairman Ben Bernanke signaled Friday that Congress must do more to promote growth, or risk delaying the U.S. economy's return to full health. Bernanke proposed no new steps by the Fed to boost the economy. But at a time when Congress has been focused on shrinking long-run budget...
  U.S. wholesale prices rose only slightly last month, as higher costs for food and pickup trucks offset another drop in energy prices. But overall inflation stayed mild, leaving the Federal Reserve room to take steps to boost the economy.   The Labor Department said Friday that the producer price index increased...
In an attempt to make lemonade out of particularly sour lemons, Pueblo County Commissioners put an ambitious “De-Brucing” measure on the November ballot last week. If voters approve, the county will be able to retain revenue that would otherwise be refunded to voters, and use them to fund multiple transportation and civic improvement projects. In […]
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Prices in the western region of the United States dropped slightly in November, according to the U.S. Bureau of Labor Statistics. The consumer price index dropped .2 percent last month, influenced by lower prices for electricity and gasoline. During the last 12 months, the consumer price index rose 3.2 percent. Energy...
Private commercial construction spending was up 17 percent nationally year-over-year in January, according to a report from the Associated General Contractors of America. Construction spending in January totaled $827 billion. While year-over-year construction spending was up across all sectors, spending slipped slightly in most construction categories in January, according to the report. Despite those declines, […]
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U.S. employers advertised more jobs in May than April, a hopeful sign after three months of weak hiring. Job openings rose to a seasonally adjusted 3.6 million, the Labor Department said Tuesday. That’s up from 3.4 million in April. It’s also the second-highest level in nearly four years, just behind March’s 3.7 million.   Still, […]
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Once wrecked, then patched up for several years, the economy locally continues to improve, rolling along at a modest pace. Not that the region — or the nation, for that matter — ought to expect robust growth any time soon, if ever. “The new normal” of economic growth, as Jim Paulsen, chief investment strategist at […]
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Businesses across the country have received their official Economic Census form in the mail. Owners have until Feb. 12 to respond. The Economic Census is the U.S. Government’s official five-year measure of American business and the economy. Forms went out to nearly 4 million businesses, including large, medium and small companies representing all U.S. locations […]
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Stocks moved higher early Tuesday for the second day in a row, led by technology companies. Cisco Systems Inc. rose the most of the 30 stocks in the Dow Jones industrial average, gaining 2 percent. Microsoft Corp. and Oracle Corp. also rose 2 percent. Bank of America Corp. sank more than...
Hang onto your wallets, Colorado. The Legislature is back in session. It’s an old joke, but it holds special significance for the 2012 session. This year, it’s all about helping voters’ pocketbooks. Expect long arguments over the next five months about how to strengthen the economy, chip away at Colorado’s 8 percent unemployment rate, and […]
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