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The International Monetary Fund urged US policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.
In a surprise move after a two-day meeting the US Federal Reserve said on Wednesday that it would continue buying bonds at a rate of 85 billion dollars monthly and expressed concern that a sharp rise in borrowing costs in recent months could weigh on the economy.
The U.S. Census Bureau reported Tuesday that median household income in the United States in 2012 was 51,017 dollars and the official poverty rate was 15%, which is 2.5 percentage points higher than in 2007. Neither figure represents a statistically significant change from 2011.
Hackers have hit back in retaliation for US cyber-spying on Brazil but mistook the US space agency NASA for the National Security Agency (NSA), a news website reported here Tuesday.
Brazilian President Dilma Rousseff on Tuesday postponed a state visit to Washington over allegations of US cyber-spying on her country. She announced the decision after discussing the spying row with US President Barack Obama Monday in a telephone call.
US President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the US debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.
Lawrence “Larry” Summers, the former Treasury Secretary who served Presidents Clinton and Obama, called President Barack Obama on Sunday to say he is pulling out of the race to succeed Ben Bernanke as chairman of the Federal Reserve.
China's economy is going through a “crucial” stage of restructuring, says the country's Premier, Li Keqiang. Speaking at the World Economic Forum in the Chinese port city of Dalian, Mr Li pledged to improve relations with foreign firms.
Twitter has decided to go public. The company aptly announced on its short messaging service Friday afternoon that it has filed documents for an initial public offering of stock. San Francisco based Twitter Inc. posted on its official Twitter account that it has “confidentially submitted an S-1 to the SEC for a planned IPO.”
CHS Inc., a United States farmer-owned cooperative and a global agribusiness, announced it has opened an office at Montevideo, Uruguay, making it the fourth South American nation in which CHS has operations.