- Nancy Pelosi tells Democrats to pass budget: ‘Embrace the suck’
- Key Obamacare official: Last two months much harder than anyone hoped
- Sen. Mike Lee: We must stop ‘the prez’ from acting like the queen
- George Bush consoles embattled Alabama kicker Cade Foster: You will be stronger
- Megachurch pastor with ties to Obama commits suicide
- WaPo to readers: Send us your ‘gun violence’ stories for Sandy Hook anniversary
- U.S. threatens Ukraine with sanctions over dispatch of riot police
- Canada doing away with door-to-door mail delivery by 2018
- NSA chief defends phone spying: ‘There is no other way’
- Hawaii Health Department head killed in plane crash
Latest Ryan Sweet Items
The Federal Reserve took aggressive action Thursday to try to reinvigorate the economy and generate more jobs, announcing a major program of purchasing $40 billion a month in mortgage bonds that it hopes will drive down interest rates to record lows and spur faster growth.
The economy is showing signs of modest improvement — not enough to reduce high unemployment but enough to ease fears that another recession might be near.
For a region that has been rocked by an earthquake and slammed by a tropical storm in the space of less than a week, Mother Nature may be providing a silver lining in the form of a business stimulus package.
Early reports out Wednesday showed a significant strengthening of the economy last month, with another double-digit increase in auto sales and the largest gain in small-business jobs in three years.