Factories turned out more cars, appliances and home furnishings in August, propelling the biggest increase in U.S. industrial production in six months and indicating manufacturing will contribute more to the expansion.
Housing starts in the U.S. probably fell in April from an almost five-year high, indicating a pause in the industry’s progress as builders slowed work on apartment buildings, economists said before a report today.
President Barack Obama defended the tax-cut deal he reached with Republican leaders as a pragmatic compromise grounded in the realities of families who otherwise could have seen their taxes rise or jobless benefits halted.
Investor sentiment on Treasures rose to the highest level in 2011, a weekly survey showed, as traders bet the Federal Reserve will announce plans to reduce long-term yields when officials meet this month.
President Barack Obama ’s advisers have discussed seeking a temporary cut in the payroll taxes businesses pay on wages as they debate ways to spur hiring amid signs that the recovery is slowing, according to people familiar with the matter.