Lawmakers approved legislation to continue a payroll tax holiday and extend benefits for the long-term unemployed. The goal is to make sure enough people have enough spending money to keep the still-fragile economy growing. But some analysts say the economy doesn't need more help.
In a letter addressed to Congress, Postmaster General Patrick Donahoe calls for slashing 150,000 jobs - mostly through retirements. The most significant savings Donahoe suggests would come from the Postal Service breaking away from the federal health benefits plan.
The Consumer Financial Protection Bureau wants to expand its scope to include oversight over the credit bureaus and debt collectors. This would give the federal government an unprecedented view into increasingly powerful industries.
Rolled into the payroll tax cut bill is an extension of unemployment insurance benefits — but with some reductions in the number of weeks allowed. Under the deal, jobless workers in most states would claim 63 weeks of benefits — unless they live in states with high unemployment.
A New York City apartment recently changed hands for $88 million. It's a record for the New York market, and apparently the original asking-price for the property. The Central Park West penthouse belonged to former Citigroup chief Sanford Weill.
A lot of people in China want a smartphone, but that doesn't mean they want an iPhone. For the second straight quarter, Apple is losing out to cheaper Chinese brands as makers there launch phones with better features.
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