U.S. continues push for global development funding

by Mallory Hughes & Jenny Leonard | Oct 4, 2011 | Business & Tech

WASHINGTON – Increased capital funding to multilateral development banks will promote economic prosperity and national security, witnesses told a House of Representatives committee Tuesday. In a hearing on international monetary policy and trade, U.S. Rep. Bob...

Bloomberg presses for immigration reform

by Mallory Hughes & Jenny Leonard | Sep 28, 2011 | Topics

WASHINGTON – New York City Mayor Michael Bloomberg came to Washington Wednesday with a plan for comprehensive immigration reform, calling on Congress to adopt four ideas he believes will speed economic recovery and create jobs. “As we approach the end of 2011, two...

U.S. cities’ financial outlook still weakening

by Mallory Hughes & Jenny Leonard | Sep 27, 2011 | Topics

WASHINGTON – The fiscal outlook of U.S. cities continues to weaken, according to the latest report from the National League of Cities. “Cities are squarely in the center of the economic downturn,” said Michael Pagano, dean of the College of Urban Planning and...

Fed governor defends ‘Operation Twist’

by Mallory Hughes & Jenny Leonard | Sep 26, 2011 | Topics

WASHINGTON – The actions taken by the Federal Open Market Committee are completely appropriate, said Federal Reserve Governor Sarah Bloom Raskin Monday morning. Raskin was defending the decision last week to sell $400 billion in short-term Treasury securities and buy...