A bipartisan group of senators is considering legislation that would order Congress to meet a set of spending targets and other fiscal goals or face automatic tax increases and budget cuts.
Fed officials were slightly more optimistic about the U.S. economic outlook, but not enough to call an early end to their bond-buying program, minutes from the January meeting showed.
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Producer prices in the U.S. climbed during January to their highest in more than two years. Separately, industrial output fell and home construction rose last month.
The seeds of a sustained increase in food prices are about to be sown in Mississippi, Nebraska and other farm-belt states across the U.S.
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The threat of inflation is real. It is just a different threat than many realize.
In a move likely to reverberate among America's top-tier private colleges, the University of the South said Wednesday it will slash tuition and fees for the coming school year by 10%, or about $4,600.
G-20 officials have agreed to draw up a "limited set" of indicators aimed at curbing economic imbalances and coordinating economic policies, but have yet to decide what those indicators will be.
The Portuguese government said European leaders aren't acting fast enough to find a collective solution to the euro-zone crisis, as signs of stress continued to intensify for the small but highly indebted country.
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Icelandic lawmakers have approved the repayment of $5 billion to Britain and the Netherlands, potentially ending a long-running saga that caused political as well as financial friction between the three countries.
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Mexico is facing what could be its worst coffee harvest in almost 20 years as a result of bad weather and fewer coffee pickers willing to work. The poor harvest could cause coffee prices, already at a 13½-year high, to climb further.
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Look who has written a forward to the paperback edition of former Treasury Secretary Hank Paulson's book on the financial crisis: Barney Frank, the Massachusetts Democrat who worked closely with Paulson during the financial crisis as then-chairman of the House Financial Services Committee.
Meeting minutes from the Federal Reserve's late January policy meeting indicate the central bank's bond-buying program will almost certainly run its full course.
Former Sen. Simpson dredged up the term "green weenie" in an interview the other day on the budget deficit, sending reporters and bloggers scurrying for definitions.
Funding for home heating and cooling assistance would tumble by roughly half under the White House's proposed budget, but because state allocations rely partly on arcane demographic data, not all states will share the burden of cuts equally.
When Barack Obama's budget arrives on Monday, look for responses to two issues: The budget is on an unsustainable course, and the economy isn't growing fast enough to bring down unemployment and raise incomes.
Commercial property took less of a drubbing than residential real estate in the recession but still faces a long and painful recovery.
Companies are starting to hire again, but finding highly qualified applicants for more technical positions is proving a challenge for some firms.
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Strong economic growth should, in theory, make the U.S.'s problems easier to solve. In reality, it often fosters complacency and allows officials to avoid unpalatable choices.
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Since the start of the recession in 2007, U.S. consumer spending has taken a hit. Track adjusted estimates of spending, based on data from the monthly and annual Retail Trade Survey and administrative records.
As the world-wide economy slowly heals from the Great Recession, central banks take different paths to recovery. Most countries remain in an easing cycle with low interest rates, but some are seeking to tighten policy.
Dig in and download forecasts for GDP growth, inflation, oil prices, housing, recession calls and more. See prior survey installments at WSJ.com/Economist.