A new study finds that government programs have done a better job keeping the poor above the poverty line than the economy at large over the last 50 years.
The Treasury Department sold off its remaining stake in General Motors on Monday, losing $10.5 billion on its investment that kept the automaker afloat through the financial crisis.
Treasury Secretary Jack Lew told reporters that the government recouped $39 billion of the $49.5 billion it sank into the Detroit-based company in 2008 and 2009, essentially saving about 1 million jobs.
Obama said his "bet" on auto industry has "paid off" after Treasury sold its final GM shares.
Emerging economies, for the first time, grabbed a majority of the globe's foreign direct investment in 2012.
Top Fed policymakers think it would be less harmful to take their time with the decision, as opposed to hitting the brakes too soon.
Lawmakers are in for a busy week as they race to finish deals on the budget and farm bill before the holiday recess.
Budget negotiators say they are closing in on a compromise that would avert the sequestration cuts for two years, and they...
Supporters of the extension point to a couple factors in their favor.
A strong employment report is buoying the case of stimulus skeptics.
White House disagrees, says federal benefits for unemployed should be extended.
Governments and banks around the world still don't know how to handle Bitcoin – and that's made the virtual currency even more susceptible to fraud.