WASHINGTON — Standard & Poor's cut Spain's credit rating by one notch to "AA-" from "AA" with a negative outlook on Thursday, following downgrades to the country's top banks.
WASHINGTON (Reuters) - President Barack Obama maintained his attack against congressional Republicans over his jobs bill on Saturday, upping pressure before it faces a vote in the Senate next week.
NEW YORK — US stocks jumped on Wednesday after a German court ruling helped clear the way for a eurozone bailout plan and the Federal Reserve said the US economy was still growing slowly.
WASHINGTON — The United States will not fall into a new recession despite sharp cuts to government spending, but unemployment could remain above eight percent through 2013, the White House said Thursday.
The US economy will not fall into a new recession and the country's budget deficit will decline sharply in the next three years, the White House said Thursday.
The Federal Reserve pledged Tuesday to hold interest rates near zero for two more years and said it was mulling the tools it has to boost a slowing economy.
