The administration is touting the economic benefits of the president's controversial executive action that would legally permit up to 5 million undocumented immigrants to stay in the United States temporarily. The move will increase productivity, expand the workforce and reduce the deficit, the White House's economic advisers say. And it will have no impact on employment of U.S. citizens and legal immigrants.

NEW YORK – Stocks are moving lower midday trading, led by declines in the energy sector as the price of oil continues to fall.

The U.S. economy is strengthening but the Federal Reserve remains in cruise control. The Fed decided to once again reduce its monthly bond purchases by $10 billion, as expected.

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.

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.

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.

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.

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.

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.

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.