WASHINGTON - Republicans in the U.S. House of Representatives on Wednesday were falling in line behind a bipartisan two-year budget deal, indicating that the normally rambunctious group of lawmakers is not spoiling for a year-end fiscal fight. | Video
- Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve's next vice chair once Janet Yellen takes over as chief of the U.S. central bank, a source familiar with the issue said on Wednesday.
- JPMorgan Chase & Co CEO Jamie Dimon said on Wednesday he was thankful congressional leaders had reached a budget deal and was "less worried" about the impact of an eventual scaling back of the Federal Reserve's market-friendly stimulus measures.
NEW YORK - Fitch Ratings said the bipartisan U.S. budget deal hashed out Tuesday still leaves U.S. sovereign credit vulnerable to a downgrade, but reduces the risk of damaging the economy or perceptions of U.S. creditworthiness. | Video
WASHINGTON - U.S. growth is set to accelerate in 2014 as the headwinds from a tightening of fiscal policy fade, giving the Federal Reserve room to start dialing back its monetary stimulus, a Reuters poll showed.
NEW YORK - U.S. money market fund assets increased by $10.33 billion to $2.693 trillion in the week ended Dec 10, the Money Fund Report said on Wednesday.
NEW YORK/SAN FRANCISCO - Now that the central question before the Federal Reserve has shifted from whether to cut its extraordinary stimulus to when exactly to pull back, the debate at next week's meeting will center on how best to communicate that plan.
NEW YORK - The Pimco Total Return Fund, the world's largest bond fund, kept its exposure to U.S. government debt unchanged in November even as worries over the Federal Reserve's plans for cutting its stimulus hurt Treasury prices, data from the firm's website showed on Tuesday.
WASHINGTON - The U.S. Senate is likely to vote next week on President Barack Obama's choice of Janet Yellen to be the next chief of the Federal Reserve, a senior Senate Democratic aide said on Tuesday.
WASHINGTON - The U.S. Senate on Tuesday confirmed Representative Mel Watt to lead the agency that regulates taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac , providing greater leeway for the Obama administration's mortgage aid initiatives.
* Employment rises 21,000 in November, double the forecast