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Patrice Hill

Articles by Patrice Hill

A job hunter fills out an employment application at the Fort Lauderdale Career Fair in Dania Beach, Fla., on Friday, Nov. 30, 2012. The U.S. economy added a solid 146,000 jobs in November, and the unemployment rate fell to 7.7 percent, the lowest since December 2008, the Labor Department announced. (AP Photo/J Pat Carter)

U.S. surpassed pre-recession peak in jobs in May

A gain of 217,000 jobs last month sent U.S. total employment past its previous peak of 138.4 million, set in January 2008 just after the Great Recession began, the Labor Department reported Friday. Published June 6, 2014

**FILE** Rep. Melvin Watt of North Carolina addresses the Democratic National Convention in Charlotte, N.C., on Sept. 6, 2012. (Associated Press)

S&P: Fannie, Freddie needed to sustain housing rebound

Standard & Poor's Corp., one of Wall Street's top credit agencies, said Tuesday that the fragile housing recovery cannot continue without support from Fannie Mae and Freddie Mac, the two mortgage finance giants many in Congress seem bent on eliminating. Published June 3, 2014

Russia's President Vladimir Putin and China's President Xi Jinping smile during a signing ceremony in Shanghai of a long-awaited, 30-year deal to buy Russian natural gas. (Associated Press)

Russia's Putin gains strategic victory with Chinese natural gas deal

In the tit-for-tat economic war between the United States and Russia this year, Moscow has scored a significant victory with its monumental deal to provide natural gas to China, directly challenging U.S. attempts to isolate Russia with economic sanctions. Published May 25, 2014

Unique dips her head in the fountain, cooling off from the heat.

(Rod Lamkey Jr/The Washington Times)

Power companies bulk up for summer load

As the first day of scorching summer heat set in over Washington, D.C., and the rest of the East Coast Tuesday, the principal power provider in the mid-Atlantic said it has more than enough capacity to handle a hot summer with high demands on air conditioning. Published May 13, 2014

Federal Reserve Chairwoman Janet Yellen listen to questions after addressing a luncheon at the Economic Club of New York, Wednesday April 16, 2014. Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges. (AP Photo/Bebeto Matthews)

Fed sees no 'sharp' slowdown

The Federal Reserve on Wednesday noted the "sharp" slowdown in the U.S. economy in the first quarter, when growth nearly stalled to a 0.1 percent pace, but did not indicate that would change its plans to gradually remove stimulus from the economy. Published April 30, 2014

The Senate Banking Committee this month is expected to mark up the bipartisan bill drafted last month by Chairman Tim Johnson, South Dakota Democrat (left), and the committee's ranking minority member, Sen. Mike Crapo, Idaho Republican (right), The bill would phase out Fannie and Freddie while setting up a new agency to offer a much more limited government guarantee on securities backed by prime mortgages. (ASSOCIATED PRESS)

Stalemate on the Hill may spare Fannie and Freddie from reform

Stepped-up demands from liberal Democrats and conservative Republicans are threatening the prospects for legislation to revive and reform the private mortgage market, six years after it collapsed and largely disappeared during the Great Recession. Published April 21, 2014

A Chinese clerk counts U.S. dollars in exchange for Chinese renminbi at a Hefei, China, bank. (Associated Press)

U.S. Treasury warns China on currency

In unusually pointed language, the U.S. Treasury on Tuesday warned China and Japan that it is closely watching them out of concern they may be intentionally depreciating their currencies to gain an advantage in trade with U.S. competitors. Published April 15, 2014

** FILE ** International Monetary Fund (IMF) Managing Director Christine Lagarde accompanied by IMFC Chair and Singapore Finance Minister Tharman Shanmugaratnam, arrive for a news conference during the World Bank Group-International Monetary Fund Spring Meetings in Washington, Saturday, April 12, 2014. ( AP Photo/Jose Luis Magana)

IMF gives U.S. Congress year-end deadline for passing reforms

The 188 members of the International Monetary Fund on Sunday gave the U.S. Congress until the end of the year to pass reforms giving large emerging countries like Russia and China a greater say in the Bretton Woods Institution, after which they may make plans to reform the IMF without the U.S. Published April 14, 2014

IMF eyes 'Plan B' for reforming itself without U.S.

The International Monetary Fund has a "Plan B" for proceeding with reforms giving greater powers to developing countries even though the U.S. Congress hasn't approved them, but it is not ready to take that route yet, IMF Managing Director Christine Lagarde said Thursday. Published April 10, 2014

IMF Managing Director Christine Lagarde continues to insist that there is little she can do without U.S. approval. Analysts point out that European countries, which continue to dominate the IMF's board of directors and stand to lose the most clout under the reforms, have been happy to let the U.S. block the legislation even while publicly deploring the congressional delays. (Associated Press)

Russia, China leading efforts to bypass U.S. as IMF reforms stall on Capitol Hill

Russia, China and other major developing countries — angry about the stalemate on Capitol Hill that has blocked approval of a reform plan that would give them a bigger voting share at the International Monetary Fund — are pushing to go ahead with the reforms without waiting for the United States. Published April 6, 2014

** FILE ** In this Thursday March 13, 2014, file photo, job seekers line up to attend a marijuana industry job far in Downtown Denver. (AP Photo/Brennan Linsley, File)

Jobs: U.S. private sector finally makes up recession's losses

American businesses created another 192,000 jobs last month and more than a half million workers surged back into the labor force to find jobs amid signs of a rebound in hiring after a long, cold winter, the Labor Department reported Friday. Published April 4, 2014

Federal Reserve Chair Janet Yellen speaks during her first news conference at the Federal Reserve in Washington, Wednesday, March 19, 2014. The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows. The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market.  (AP Photo/Susan Walsh)

Yellen's Fed votes for 'modest' easing of stimulus

The Federal Reserve Wednesday said it will continue easing its stimulus program for the economy, cutting its purchases of U.S. Treasury and mortgage bonds by another $10 billion a month. Published March 19, 2014