USA econovical news

Elizabeth Warren: Obama's economic team chose Wall Street over 'families'

Senator Elizabeth Warren, always outspoken on the tension between Main Street and Wall Street, took shots Sunday at a system she said is "rigged" against the little guy. In an interview in Salon, Warren, who has said she doesn't plan to seek the 2016 presidential nomination, said fellow Democrats including President Obama have not done enough to help consumers.

U.S. economy bounces back sharply

New data released Wednesday show the U.S. economy bounced back in the spring, growing at a 4% annual pace in the second quarter. That was even better than the forecast of 3% growth, according to a consensus of economists surveyed by CNNMoney.

Fewer economists believe US policy on right track

The Federal Reserve's monetary policy is headed in the right direction, but the U.S. also needs to enact structural policies in order to stimulate stronger economic growth, according to a new survey released Monday.

Dollar Falls Most in 10 Weeks After Fed Meeting

The dollar fell the most in 10 weeks against the euro after the Federal Reserve said it will keep interest rates at almost zero for a “considerable time” and cut the outlook for economic growth.

Americans think economy won't recover until 2017

According to economists, the Great Recession ended five years ago, but most Americans still don't feel recovered from the crisis. They expect a full recovery will take until 2017 or longer.

Defiant Russia shrugs off sanctions

Russia has annexed the Ukrainian region of Crimea in defiance of symbolic Western sanctions, raising the prospect of more punishing measures to come. President Vladimir Putin signed laws Tuesday paving the way for Crimea to join Russia, just a day after the United States and European Union slapped travel bans and asset freezes on 28 officials accused of violating Ukraine's sovereignty.

West hits back at Russians over Crimea

The United States and Europe targeted 28 Russian and Ukrainian officials with sanctions over the crisis in Crimea on Monday. But they stopped short of measures that would hit trade.

Economic growth gauge rises to highest since April 2010: ECRI

A measure of future U.S. economic growth strengthened last week to its highest level in three and a half years, while the annualized growth rate ticked higher, a research group said on Friday.

Financial regulators and industry officials say they are improving information sharing and spending millions of dollars to head off cyber threats, but more must be done.

WASHINGTON — Financial regulators and industry officials said Monday they have made progress in efforts to safeguard financial institutions from the kind of cyberattacks that disrupted large-bank websites last year but much work remains.

Home Permits and Prices Rise, Despite Mortgage Rates

WASHINGTON — Permits for future home construction rose to their highest point in nearly five and a half years in October and prices for single-family homes posted big gains in September, suggesting that the run-up in mortgage interest rates since May has not derailed the housing recovery.

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