President Obama's push to deploy body-imaging scanners at airports worldwide will cost U.S. taxpayers roughly $3 billion over eight years, congressional investigators report, but it is unclear that the controversial devices would have caught an alleged al-Qaeda terrorist who tried to blow up a...
Industrial production rose in February because of increased demand for computers and semiconductors, a sign some economists say that gains in U.S. business investment are continuing.
The United States and other top world economies need to make potentially painful government spending cuts or risk losing the high-grade credit ratings that have kept borrowing affordable, the Moody's rating agency said Monday.
On a recent Saturday morning, a group of Latino men wearing paint-spattered jeans and grim expressions strode through Adams Morgan in search of the contractor who had cheated them. He'd hired them to remodel a wine shop in the Northwest neighborhood in November and December but paid a fraction of...
In the details of the financial reform legislation introduced this week are fundamental changes to the Federal Reserve that would shift power from the regional Fed banks around the country and concentrate it in Washington and New York.
BEIJING -- A decade ago, China's leaders gave the go-ahead to a colossal plan to bring more than 8 trillion gallons of water a year from the rivers of central China to the country's arid north. The project would have erected towering dams, built hundreds of miles of pipelines and tunnels, and cre...
BroadSoft, a Gaithersburg-based maker of telecommunications software, said Tuesday that it has filed for an initial public offering that could raise as much as $103.5 million for the company.
Global power company AES, based in Arlington, said it raised $1.58 billion by selling a portion of the company to a subsidiary of China Investment Corp.
LONDON -- The Greek government won key backing from the Standard & Poor's credit rating agency for its efforts to dig out of a debt crisis that has shaken up the entire eurozone.
Key members of Congress are pushing legislation that would require the White House to collaborate with the private sector in any response to a crisis affecting the nation's critical computer networks.
Republicans assailed a proposed overhaul of student lending Tuesday as a "government takeover," a "job killer" and an "outrage," seeking to rally opposition to a Democratic measure that would cut private lenders out of the federal loan market.
BEIJING -- The Chinese government on Tuesday appeared to set the foundation for Internet giant Google to pull out of the country, with one spokesman contending that the company's potential departure would be an "individual business act" and another warning Google to obey Chinese law whether it...
NEC UNIVERGE IP solutions supports theWit hotels distinctive brand, enables faster service delivery and helps to create a unique, memorable guest experience.
The U.S. Chamber of Commerce, already one of Washington's largest lobbying groups, is gearing up to play a major role in this year's midterm elections on a scale that rivals the nation's two main political parties.
BEIJING -- The Chinese government on Tuesday appeared to set the foundation for Internet giant Google to pull out of China, with one spokesman contending that the company's potential departure would be an "individual business act" and another warning Google to obey Chinese law whether it leaves...
Key Events 8:30 a.m.: The Commerce Department releases data on new home construction in February; economists surveyed by Bloomberg expect housing starts to have dropped 3.6 percent from January, mainly because of inclement weather. Another economic release worth watching: the Labor Department i...
Senate banking Chairman Sen. Christopher J. Dodd will try to strike a delicate balance Monday as he introduces a new measure to overhaul the nation's financial regulatory system, including provisions aimed at shoring up support among fellow Democrats but also incorporating compromises he reached...
Investigators from Toyota and the government have been unable to duplicate the runaway acceleration in a 2008 Prius that a Southern California man said took him on a 30-mile wild ride last week, according to a draft memo from a congressional panel.
BEIJING -- Chinese Premier Wen Jiabao on Sunday lectured the United States, criticizing its call for China to let its currency rise against the dollar to boost U.S. exports, advising it to work harder to improve its financial system and directing it to change its foreign policy to improve relations...
Dodd's second draft of financial reform legislation tracks closer to the bill that passed the House in December, eliminating several of the bold reforms he proposed last fall. But Republicans remain opposed, despite Dodd's decision to incorporate their ideas on some issues.
-- A March 14 Outlook article about how colleges deal with campus sexual assault cases mischaracterized the policy at Bucknell University. The school does not use mediation to adjudicate such cases; rather, mediation is an option made available by Bucknell to victims of sexual assault in addition to...
Maryland's two largest counties outlined spending cuts Monday that would reach from children's health clinics to nursing homes, slice tens of millions of dollars in education spending and furlough thousands of public employees.
LONDON -- European finance chiefs failed to produce a detailed bailout plan for Greece on Monday but laid the groundwork for a potential rescue if the financial situation in the troubled Mediterranean nation deteriorates sharply.
Toyota on Monday said that extensive testing of the 2008 Prius that allegedly took a Southern California driver on a 30-mile runaway ride last week casts serious doubts on his story.
MERGERS & ACQUISITIONS Allied Capital Corp., a publicly traded private-equity firm based in the District, is eliminating most of its local workforce as it prepares to be acquired by New York-based Ares Capital. Although the combined company will maintain "an ongoing presence" in Washington, Allied...
Two Washington area drivers have filed personal injury lawsuits against the Toyota Motor Corp., joining about 280 personal injury and class-action suits filed across the country against the company.
Federal auditors on Monday put a stop to Army plans to award a $1 billion training program for Afghan police officers to the company formerly known as Blackwater, concluding that other companies were unfairly excluded from bidding on the job.
NEW YORK -- Several former American International Group employees might sue the insurer after it gave them less retention bonus money than they should have received, their attorneys said Monday.
NEW YORK -- The former chief executive of a New York bank shut down by regulators last week was arrested Monday for attempting to steal from the taxpayer-funded bailout program, marking the first time criminal charges have been filed in connection with alleged abuse of the government's...
Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate banking committee, introduced a revised bill on Monday to overhaul financial regulation that included compromises forged with Republicans in recent months but fell short of winning endorsement from conservatives, including members in his ...
STRONGSVILLE, Ohio -- With a decisive vote on his health-care overhaul possible within days, President Obama declared repeatedly Monday that "we need courage" from elected leaders to pass the far-reaching package.
Key Events 9:15 a.m.: The Federal Reserve issues figures on industrial production for February. Economists surveyed by Bloomberg think that output will stay unchanged from January. Finance ministers from the 16 euro-zone nations are scheduled to meet to discuss the Greek debt crisis. Senate banki...
Investigators from Toyota and the government have been unable to duplicate the runaway acceleration in a 2008 Prius that a Southern California man said took him on a 30-mile wild ride last week, according to a draft memo from a congressional panel.
LOS ANGELES -- U.S. citizens reported losing more than $550 million in 2009 in Internet fraud, falling prey to a variety of increasingly sophisticated scams, according to a report by the Internet Crime Complaint Center .
RICHMOND -- The Virginia General Assembly adjourned its annual legislative session Sunday evening after adopting a two-year, $82 billion budget that cuts millions from education, health care and public safety -- curtailing state spending more aggressively than any in generations while fulfilling ...
HONG KONG -- Leading offshore-oil producer China National Offshore Oil Corp. said Sunday that it has agreed to pay $3.1 billion to form a joint venture with a major Argentine energy firm, helping to expand China's access to natural resources in South America.
Twice in recent years, House Appropriations Committee Chairman David R. Obey (D-Wis.) helped obtain earmarks totaling $3.2 million for a home-state university to study how to make military jet fuel from plants. Standing behind that nonprofit work, however, is a for-profit Chicago firm that often ...
In the fight over how to overhaul the nation's financial regulatory system, one of the key power struggles has pitted the states -- in particular a core group of state attorneys general -- against federal regulators, financial lobbyists and some members of Congress.
Economists Carmen Reinhart and Ken Rogoff have published an important (and, given the current economic situation, rather scary) working paper that shows extensive connections between countries that experience a banking crisis and those that experience a sovereign debt crisis. And Mark Thoma at CBS...