Posts Tagged ‘D.C.
World Bank president plans to leave in June
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – World Bank President Robert Zoellick plans to leave his post after five years when his term expired on June 30. Zoellick began his term under President George W. Bus. He previously served the Bush administration as deputy secretary of state and U.S. Trade [...]
Supreme Court tax case to determine extent of IRS enforcement authority
Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – The U.S. Supreme Court plans to issue a ruling in a corporate tax shelter case this spring at a time of uncertainty in the tax laws. Some tax breaks for individuals and corporations are scheduled to expire next month but Congress is [...]
Supreme Court tax case to determine extent of IRS enforcement authority
Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – The U.S. Supreme Court plans to issue a ruling in a corporate tax shelter case this spring at a time of uncertainty in the tax laws. Some tax breaks for individuals and corporations are scheduled to expire next month but Congress is [...]
US consumer prices edge up by a modest 0.3%
Linda Young – AHN News Writer Washingtong, D.C., United States (AHN) – Consumer prices rose by 0.3 percent in September with fuel costs going up the most, the United States Labor Department says. However, strip out the more volatile fuel and food prices and U.S. consumer prices only increased by 0.1 percent. Fuel prices increased [...]
Bernanke plays diplomat on next Fed moves, cautions Congress
Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – There was a recovery in the stock market with indicators closing on a slightly higher level after dipping earlier as Federal Reserve Ben Bernanke on Friday reiterated his views that the next round of efforts to goad the economy on track are now [...]
Majority of Americans lack enough savings to handle $1,000 emergency
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The majority of Americans do not have enough money to deal with a $1,000 emergency, according to the National Foundation for Credit Counseling’s (NFCC). NFCC conducted an online poll in July that found 64 percent of Americans would have $1,000 in savings to [...]
Fannie Mae names new VP and CFO
Ayinde O. Chase – AHN News Staff Washington, D.C., United States (AHN) – Fannie Mae has named Susan R. McFarland as the company’s new executive vice president and chief financial officer (CFO) effective July 11, 2011. McFarland previously worked with Capital One Financial Corporation, where she served as executive vice president, Finance and Principal Accounting [...]
Unemployment claims decrease to 409,000
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Initial jobless claims declined by 29,000 to 409,000 for the week ending May 14 compared to the previous week’s tally of 438,000 claims. That is still above the 400,000 mark. Analysts say first time unemployment compensation insurcance claims must drop below 400,000 and [...]
How More Homeowners Are Making Their Existing Homes Work (U.S. News & World Report)
U.S. News & World Report – When Travis Slocum and his partner contemplated selling their Washington, D.C., home this spring, they had high hopes of upgrading to a larger place. After all, in recent months, nationwide news has underscored falling home prices and historically low mortgage rates, both boons for would-be home buyers. View full [...]
Slighly higher unemployment rate despite more jobs in April
Kris Alingod – AHN News Contributor Washington, D.C., United States (AHN) – The unemployment rate grew 9 percent in April despite the economy adding more jobs than was expected. The Labor Department said on Friday nonfarm payroll increased 244,000 during the period, boosted by gains in the service, manufacturing and mining industries. In the private [...]
