Federal Reserve Chairman Ben Bernanke offered a downbeat assessment of the U.S. economy at a Senate panel hearing Wednesday. He said the economy is still growing, but its pace slowed in the second quarter.
Is the U.S. housing sector about to make a comeback? Home builders apparently think so. Every month, the National Association of Home Builders publishes its housing market index. The July report shot up to its highest level in five years. It is, however, still well below historical averages.
Steve Inskeep talks to David Wessel of The Wall Street Journal and Zanny Minton Beddoes of The Economist, about the U.S. economy. What kind of a recovery are we looking at, and where is the growth coming from?
Federal Reserve Chairman Ben Bernanke told lawmakers that progress toward bringing down the nation's high unemployment rate will be "frustratingly slow." He reiterated previous statements that the Fed stands ready to do more, but declined to be specific about what it would do. Bernanke also defended the Fed's role in addressing the manipulation of a benchmark interest rate by at least one big bank.
Jeremy Lin's storybook career with the New York Knicks might have reached an abrupt end before the first chapter even finished. After rising from obscurity to NBA stardom, Lin got a rich offer from the Houston Rockets. The Knicks have until midnight to decide whether to match the offer or let Linsanity go.
Florida's pact with federal officials clears a path for other states, including some in key battlegrounds, to verify voters' citizenship using a database known as SAVE, or Systematic Alien Verification for Entitlements.
The fisher, a weasel-like animal, is already a candidate for protection under the Endangered Species Act. Now, researchers have evidence that the animals have been exposed to lethal poison used by power growers to protect their plants from animals.
In a piece in The New York Times, writer Alex Williams explores why it's harder to form meaningful friendships later in life. "As people approach midlife," he writes, "the days of youthful exploration, when life felt like one big blind date, are fading."
Over half of U.S. states will have to close a combined budget gap of 55 billion dollars, according to a report by the Center on Budget and Policy Priorities in the 2013 fiscal year. To avoid raising taxes, most states are implementing continued cuts to deal with budget shortfalls.
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