Bernanke warns Congress must act to avert recession risk
Federal Reserve Chair Ben Bernanke warned that a failure to reach a budget deal could push the economy back into recession and delay recovery. He urged Congress to extend or adjust tax cuts and deepen deficit reduction, noting uncertainty and rising rates if inaction continues. He avoided specific Fed actions and pressed lawmakers to act before year end.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Ben Bernanke
U.S
Congress
Bernanke
Senate Banking Committee
House GOP bills seek end to AmeriCorps and funding cuts
House Republicans proposed a fiscal year 2015 funding bill to end AmeriCorps and cut federal support for NPR PBS and Planned Parenthood. The plan would reduce overall funding by four percent to 150 billion, shift savings to other programs, and faces steadfast Democratic opposition.
MENTIONED IN THIS ARTICLE
Washington
House
AmeriCorps
National Service Program
National Public Radio
Public Television
Planned Parenthood
Senate
Norm Dicks
Appropriations Committee
Barack Obama
Public Broadcasting Service
NPR
PBS
Hogs and cattle futures mixed on Chicago exchanges
On Friday with the New York markets and Chicago exchanges showing varied action, the Apr and May hog contracts settled with gains and losses at different levels while corn and other inputs showed unsettled moves. Traders watched open highs lows and settlements across the CME and CBOT sessions.
MENTIONED IN THIS ARTICLE
New York
Chicago Merchantile Exchange
N.Y
Cheaper gas holds US prices steady in June report
The Labor Department notes June consumer prices unchanged as gas costs fall 2 percent. Core prices rise 0.2 percent while food climbs slightly, showing mild inflation despite wage and demand concerns. Fed Chair Bernanke to testify as inflation remains near 1.7 percent year over year.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Paul Ashworth
Capital Economics
Federal Reserve Room
Fed
Ben Bernanke
Capitol Hill
Senate Banking Committee
House
Bernanke
AAA
North Andover
Mass
Also Mentioned on This Page
United States
George W. Bush
Federal Reserve Board
Roswelt
Chicago
Chicago Board of Trade
Mons
New York Mercantile Exchange
Sa Nyha
Monse
Seema Ies
London
Handy & Harman Oy
Handy & Harman
N.q
N.a
Poe
Larse
SCO Eet
BkofAm
NwGoldg
SprintNex
NovaGldg
HumGen
Spdr Facl
Rentech
Micront
Telviste
CSR Picn
McMoRn
MeetMe
DigitalGen
ProtoLabn
Lannett
RIT Tech
Forest Oils
CCA Indi
FuelTech
KeyEngy
Medgeant
OdysMar
SL Ind
DTS Inc
AuRico G
CheniereEn
Tekmirag
Youku
Mattrssf
Richmat G
Dow Jones Industrials
Dow Jones Transportation
Dow Jones Utilities
NYSE
S&p
Wilshire
Russell
At&t Inc
PNM Res
PepsiCo
Boeing
Pfizer
Chevron
SwstAiri
TimeWarn
EOG Res
Tric Ale
VerizonCm
WalMart
WashFed
WellsFargo
XcelEngy
Brett Leach
SWS Financial Services
Wilshire Blvd
Roswell
Swst
Elm Street
Dallas TX
FINRA
SIPC
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