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Obama: Debt deal will be "painful"
After putting controversial cuts to Social Security and Medicare on the table in negotiations with congressional Republicans over a plan to raise the nation's debt ceiling, President Obama still doesn't have a deal in the works. Emerging from a meeti - Click for more...
Manufacturing rises but consumers remain wary
NEW YORK (Reuters) - The pace of growth in U.S. manufacturing picked up for the first time in four months in June, surprising investors and fueling optimism the recent economic slowdown will be temporary.The picture that emerged from other data relea - Click for more...
Fuzzy math in health law formula
WASHINGTON (AP) — Another unintended consequence of President Barack Obama's health care law has emerged: Older adults of the same age and income with similar medical histories could pay widely different amounts for private health insurance due - Click for more...
Oil drops 11 percent in 2nd quarter
NEW YORK (AP) — After rising to become an obstacle to economic growth, oil prices went backward in the second quarter.The benchmark price in the U.S. dropped nearly 16 percent in May and June, and closed the quarter with an 11 percent decline. - Click for more...
2011-06-29 "Everybody Wins" B of A's $8.5 Billion Settlement
Bank of America is poised to pay what may be the biggest settlement of the financial crisis era: $8.5 billion. The sum exceeds the company's profits earned so far this year and is roughly equivalent to Armenia's GDP. "It’s about time the i - Click for more...
How Gold Affects Currencies
By Kalen Smith, Investopedia -- Gold is one of the most widely discussed metals due to its prominent role in both the investment and consumer world. Even though gold is no longer used as a primary form of currency in developed nations, it continues t - Click for more...
Iran fires missiles in second day of war games
TEHRAN (Reuters) - Iran's Revolutionary Guards tested 14 missiles on Tuesday, the second day of war games intended as a show of strength toward enemies Israel and the United States.The Iranian-made surface-to-surface missiles, with a maximum range of - Click for more...