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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Stocks and the euro dropped sharply on Monday as investors worried that Europe's new pact aimed at fixing the continent's debt crisis would be insufficient. Markets had rallied on Friday, when the European Union adopted a new fiscal pact meant to prevent a repeat of the financial fiasco that is...
Colorado Springs ranks number four on the most affordable cities, according to financial news magazine Kiplinger. The city is the only one in Colorado to make the list, “10 best value cities for 2011.” Kiplinger cited the Springs’ cost of living, median household income and the local unemployment rate. The list...
House Republicans will stick to their insistence that a bill extending a payroll tax cut and jobless benefits include language speeding work on a Canada-to-Texas oil pipeline, Speaker John Boehner said Friday. Boehner's remarks added a contentious backdrop to negotiations over the payroll tax cut measure. President Barack Obama and...
The European Union said Tuesday it wants to allow investors to sue credit rating agencies for compensation if they break EU regulations "intentionally or with gross negligence." The proposal from the European Commission, the EU's executive, is part of a new set of rules for credit rating agencies, which have...