United States economy - updates

Rappler's latest stories on United States economy


New leader to take the helm at U.S. Federal Reserve

Feb 04, 2018 - 10:09 AM

Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis

NEW FED CHAIR. In this file photo, Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty Images/AFP

Janet Yellen to depart U.S. Federal Reserve in February

Nov 21, 2017 - 7:00 AM

In her resignation letter to Donald Trump, Yellen said she is pleased by the US economy's continuing recovery from the Great Recession of 2008-2009

STEPPING DOWN. In this file photo, Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC.  Chip Somodevilla/Getty Images/AFP

White House calls for rollback of U.S. banking regulations

Jun 13, 2017 - 7:38 PM

While they do not call for scrapping the entire Dodd Frank law the new measures would implement a series of far reaching changes especially over the supervision of large banks

MONEY, MONEY. A view of the US Treasury February 7, 2017 in Washington, DC. Brendan Smialowski/AFP

Trump's popularity lowest of any U.S. president in decades – polls

Jan 17, 2017 - 11:42 PM

UPDATED The president elect immediately slams the findings pointing out that a majority of surveys ahead of his electoral win predicted victory for his Democratic opponent Hillary Clinton

President-elect Donald Trump speaks to the media following a meeting with Steve Harvey at Trump Tower on January 13, 2017 in New York. / AFP PHOTO / Bryan R. Smith

Argentina passes bill to end 15-year debt battle

Mar 31, 2016 - 3:32 PM

The vote clears the final legislative hurdle for the deal and paves the way for the government to pay off creditors that rejected Argentina s efforts to restructure its mountain of defaulted debt

DISCUSSING DEBT. Argentine senators debate the status of debt with several creditors in Buenos Aires, Argentina, March 30, 2016. Sturla Fernando/EPA

Feeling global slowdown, Fed keeps interest rate unchanged

Mar 17, 2016 - 2:25 PM

The Federal Open Market Committee expects the US economy to grow only 2 2 in 2016

epa05214765 Chair of the US Federal Reserve Janet Yellen responds to a question from the news media during a press conference at the Federal Reserve in Washington, DC, USA, 16 March 2016. The press conference comes at the conclusion of a two-day meeting of the Federal Open Market Committee (FOMC), led by Fed Chair Yellen. EPA/SHAWN THEW

Argentina, 'vulture' funds end 15-year debt battle

Mar 01, 2016 - 11:02 AM

UPDATED The deal opens the door for the South American country to escape financial pariah status

Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

New Argentine gov't resumes talks with 'vulture' creditors

Jan 14, 2016 - 8:02 AM

President Mauricio Macri says he hopes for a reasonable agreement with the creditors

Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

US judge calls for Argentina to make next interest payment

Nov 11, 2014 - 9:09 AM

The judge said he was postponing a hearing that had been set for December 9 on the case to allow Buenos Aires to make payment

Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

Argentine central bank chief resigns amid economic turmoil

Oct 02, 2014 - 11:16 AM

Juan Carlos Fabrega s decision to quit after less than a year in the post comes a day after an emotional President Cristina Kirchner alleged in a televised address that domestic and US interests were pushing to devalue the peso topple her center left government – and even kill her

Picture taken on June 26, 2014 of Argentina's central bank governor Juan Carlos Fabrega during a speech in Buenos Aires. Hugo Villalobos/AFP

US court ruling on Argentine debt violates int'l law – Buenos Aires

Sep 30, 2014 - 7:50 AM

Argentina: The ruling by Judge Thomas Griesa saying that the Argentine Republic is in contempt of court violates international law the UN Charter and the OAS charter

Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

Argentine lawmakers OK debt payment alternatives

Sep 04, 2014 - 2:17 PM

Argentina s lawmakers approve a measure that would transfer the payment site for the country s restructured debt obligations from New York to Buenos Aires

The Argentinean Senate session in Buenos Aires, Argentina, on 06 August 2014. Fernando Sturla/EPA

Buenos Aires moves to pay bondholders in Argentina – Kirchner

Aug 20, 2014 - 10:26 AM

Buenos Aires moves to pay bondholders domestically after a US bank left it unable to do so President Cristina Kirchner said

Argentina's President Cristina Fernandez de Kirchner speaks during a ceremony at the government house in Buenos Aires on July 31, 2014. Daniel Garcia/AFP

Hedge funds fail to clinch Argentina debt deal

Aug 14, 2014 - 9:59 AM

Negotiations break down over a possible bank purchase of the 1 3 billion in Argentine bonds owned by holdout funds that would allow the country to exit default

Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

US judge backs mediator in Argentina debt dispute

Aug 05, 2014 - 8:38 AM

Argentina s government had announced earlier that it would formally ask the judge to dismiss mediator Daniel Pollack accusing the attorney of failing to be impartial in the case

Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

Trade to dominate as Obama welcomes African leaders

Aug 04, 2014 - 3:15 PM

Washington has also vowed to ensure issues such as security governance and human rights are on the agenda

AFRICA IN FOCUS. In this photo, US President Barack Obama takes questions during a Young African Leaders meeting at the Soweto University of Johannesburg Campus in Soweto, South Africa, 29 June 2013. Kim Ludbrook/EPA

US growth rebounds strongly but Fed sticks to policy

Jul 31, 2014 - 12:21 PM

The US economy grows at a peppy 4 pace in the 2nd quarter erasing the impact of the sharp winter contraction but the Federal Reserve remains cautious

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US judge urges Argentina, hedge funds to avoid default

Jul 23, 2014 - 7:23 AM

US judge: A default is the worst thing I don t want that People will be hurt

NO DEBT DEFAULT, SAYS KIRCHNER. Argentine bank notes pictured on December 7, 2011 in Buenos Aires. Daniel Garcia/AFP

US economy slows to mere 0.1% growth in first quarter

Apr 30, 2014 - 9:26 PM

The slump was driven by a downturn in exports and business investment and a larger decrease in inventory investment

US economy grew 0.1% in Q4, revised data show

Feb 28, 2013 - 9:44 PM

The US economy grew slightly in the fourth quarter of 2012 the government said Thursday revising its prior estimate of a contraction

Obama goes negative with Romney attack ad

Jul 15, 2012 - 7:51 AM

The US presidential race grew increasingly hostile and bitter Saturday July 14 with President Barack Obama releasing an attack ad that blamed Republican rival Mitt Romney for shipping American jobs abroad

Obama calls for rebuilding of US economy

Jul 07, 2012 - 8:01 PM

He says United States needs to do more than just reclaim jobs lost to the recession