UNITED STATES

Mike Bloomberg: U.S. Default Would Be Catastrophic

Mayor Michael Bloomberg
New York City Mayor Mike Bloomberg is quite candid regarding his evaluation of the impact of a U.S. Government default on the financial system: it would be catastrophic, and also hurt the nation's largest city.
More news
IBTimes Logo

States' sales tax growth slows in June: report

State sales tax revenues grew slowly in June, with an average gain of only 2.1 percent, according to a report released on Wednesday, suggesting a weakening trend that could threaten states' recoveries.
IBTimes Logo

Fed prepared to respond if economy worsens: Bernanke

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, hinting policymakers were actively mulling further stimulus.
IBTimes Logo

As copper soars, thieves extract a price

When thieves ransacked eight air conditioners in an apartment complex in the city of Mobile, Alabama, the culprits made off with $800 worth of scrap metal and left residents with $38,000 worth of damages.
IBTimes Logo

Highlights: Bernanke's semi-annual testimony to House panel

The following are highlights of Federal Reserve Chairman Ben Bernanke's prepared remarks on Wednesday to the House of Representatives Financial Services Committee as part of his semi-annual testimony on the U.S. economy and monetary policy.
IBTimes Logo

Wall Street rises on Bernanke policy comments

Wall Street stocks rebounded from a three-day selloff on Wednesday as comments from Federal Reserve Chairman Ben Bernanke raised hopes for further stimulus of the U.S. economy if needed.
IBTimes Logo

Instant view: Bernanke says more policy support possible

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.
U.S. Sen. Mitch McConnell, R-Ky.

GOP Debt Talks Strategy: 'Refuse to Help Obama's Re-Election'

Top Senate Republican Mitch McConnell of Kentucky, assailed by his own party for a debt deal proposal that would surrender Congressional authority to President Barack Obama, laid out his brazenly political strategy for endorsing the move: shift the blame.
Burger King

Fast Food Sells Healthy Options, But Should We Buy it?

Burger King, IHOP, Chili's, and some 15,000 other restaurants have joined forces to offer more nutritional options on its menus. The measure is in part directed at fighting childhood obesity by offering more healthy options on menus, but the main question is will it make a difference?

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.