U.S. stocks declined a fifth day, sending the Standard & Poor’s 500 Index to a two-week low, after improving economic data boosted bets the Federal Reserve will curb its monthly bond purchases sooner than estimated.
Vice President Joseph Biden arrives in Japan today on a trip to demonstrate the American commitment to the Asia-Pacific and defuse tensions over a Chinese air defense zone that drew criticism from the U.S. and its allies.
During a meeting in the West Wing of the White House this month, President Barack Obama’s aides posed an unusual question to business leaders across the table: How can the administration help House Speaker John Boehner?
White House budget director Jacob Lew said the administration wants to shift the focus of budget talks from spending cuts to long-term deficit reduction, which will force Republicans to discuss raising government revenue .
President Barack Obama ’s budget chief, Jacob Lew , said he is optimistic lawmakers will reach an agreement to fund the government through the end of the fiscal year and signaled the administration is open to more spending cuts in negotiations with Republicans.
Treasury Secretary Jacob Lew said his agency has been involved in a bipartisan Senate effort to overhaul U.S. housing finance while retaining a government backstop for mortgages in the event of a financial crisis.
House and Senate Republicans are starting to narrow their demands for health-care law changes in the U.S. fiscal impasse as they prod President Barack Obama to attach such revisions to a bill to end the government shutdown.
President Barack Obama’s budget chief, Jacob Lew, said during a Bloomberg Breakfast in Washington with reporters yesterday in Washington that he is optimistic lawmakers will reach an agreement to fund the government through the end of the fiscal year and signaled the administration is open to more spending cuts in negotiations with Republicans.