First-time claims for jobless benefits fell by 9,000 last week, another sign that businesses are laying off fewer workers and the labor market is improving.
On The Money
Alexander Bolton 03/13/14 01:20 PM EDT
Reid says GOP holding up bill to protect Koch brothers.
Kerry said Russia doesn't have troops in place to take over all of Ukraine.
It is “natural” to be concerned about outsized political influence by large financial institutions, according to a top nominee to join the Federal Reserve.
Stanley Fischer, tapped by the president to serve as the Fed’s vice chairman, told members of the Senate Banking Committee Thursday that it obviously would be a concern if a handful of big banks or a single institution gained a disproportionate amount of say in the federal government. But at the same time, he said, Congress should not fret about the time he spent at Citigroup, one of the nation's largest banks.
The Speaker said he rejected an analysis, circulated by Democrats, that insisted Republicans dropped the ball in their attempts to hold a former IRS employee in contempt of Congress.
Retail sales thawed out last month after plunging in January as severe winter weather battered most of the country.
February sales rose by a seasonally adjusted 0.3 percent, a swing back into positive territory after a 0.6 percent drop the previous month, which was even lower than first reported, the Commerce Department said Thursday.
The Speaker said funding for the IMF "has nothing to do with Ukraine."
“This is a serious hole in your budget here,” said Rep. Rodney Frelinghuysen.
Officials say cost-sharing subsidies will no longer receive a cut under the sequester.
Trade talks between the United States and Japan remained at an impasse after more high-level discussions this week.
Major gaps remain between Washington and Tokyo as they aim to complete negotiations as part of the Trans-Pacific Partnership (TPP) trade agreement.