GOP Rep. Paul Ryan, left, and Democratic Sen. Patty Murray describe the budget pact on Tuesday in Washington. AP. House and Senate negotiators, in a rare bipartisan act, announced a budget agreement Tuesday designed to avert another ...
NEW YORK - Five years after Ponzi scheme mastermind Bernard Madoff's arrest, his claim that he alone was responsible for the more than $17.3 billion fraud is being demolished in the conspiracy trial of five former employees charged with helping him.
Wall Street banks avoided their worst fears of the Volcker rule after regulators crafted the ban on speculative trading to leave market-making operations intact.
The dollar halted decline versus the euro on bets a U.S. budget agreement will boost prospects for tapering the Federal Reserve's stimulus program which tends to debase the currency.
... Stocks. * GM says closure of vehicle, engine plants to affect 2,900 jobs. * GM exit plans follows Ford, concerns about Toyota future.