9:00 PM Jan 7, 2014
WASHINGTON (MCT) – The Senate confirmed Janet Yellen to head the Federal Reserve on Monday, making her the first woman to head the world's most powerful central bank and arguably the most important female banker in history.
5:00 PM Dec 26, 2013
D'Addario & Co.'s string-making plant in Farmingdale, NY, churns out more than 700,000 strings a day over three shifts. (Kevin G. Hall/MCT)
That's good news for D'Addario & Co., a U.S. firm that manufactures the strings found on all sorts of musical instruments, from cellos to electric guitars.
4:00 PM Dec 11, 2013
WASHINGTON (MCT) – Federal workers have a target on their paychecks as Congress works on a new budget deal this week.
5:00 PM Dec 10, 2013
Laura Biggs pictured in her Rialto, Calif., home on Nov. 25, is scheduled to lose her home nine days before Christmas because her mortgage company concluded that the house is no longer the primary residence of her husband, who's been dead since 2003. Technically, though, it still is George "Kenny" Mitchell's primary residence. He resides at the home in an urn. His cremated remains are part of an altar that Biggs, 65, keeps in memory of the trucking-company manager. (Eric Reed/MCT)
WASHINGTON (MCT) – Billions of dollars in foreclosure settlements between big banks and government regulators haven't helped Laura Biggs. The California woman is scheduled to lose her home nine days before Christmas because her mortgage company concluded that the house is no longer the primary residence of her husband, who's been dead since 2003.
9:00 PM Dec 3, 2013
Courtney Schlottman prepares to leave her classroom at Fleetwood Area Middle School in Fleetwood, Penn., on Monday, Nov. 25, 2013. Schlottman, a graduate of Bloomsburg University, is living with her father Dennis while she teaches at the same school she attended as a child. (Jeff Lautenberger/MCT)
WASHINGTON (MCT) -- Facing faint job prospects and mounting student loans, Courtney Schlottman did what many others her age have done, and moved back in with a parent. She became one more data point contributing to the nation's stunted rate of household formation.