Author – The Durango Herald

As Fed meets, decision on rate hike seems like a toss-up

WASHINGTON – Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this w...

DATE: Sep 15, 2015 | CATEGORY: Nation & World

Fed Reserve keeps open possibility of Sept. hike

WASHINGTON – Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central ban...

DATE: Aug 29, 2015 | CATEGORY: Nation & World

U.S. consumer spending edges up in June

WASHINGTON – Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items. Consumer spending edged up ...

DATE: Aug 3, 2015 | CATEGORY: Nation & World

Treasury says woman will be picked for $10 bill

WASHINGTON – Alexander Hamilton, who has been featured on the $10 bill since 1929, is making way for a woman. Treasury Secretary Jacob Lew is to officially announce Thursday that ...

DATE: Jun 17, 2015 | CATEGORY: Nation & World

Construction spending jumps 2.2% in April

WASHINGTON â€“ U.S. construction spending climbed in April to the highest level in more than six years, fueled by healthy gains in housing, government spending and non-residential constructi...

DATE: Jun 6, 2015 | CATEGORY: Business

U.S. economy expected to grow for rest of 2015

WASHINGTON – The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit. The government’...

DATE: May 29, 2015 | CATEGORY: Nation & World

U.S. consumer prices up a slight 0.1 percent in April

Consumer prices edged up 0.1 percent from the previous month, when prices rose a modest 0.2 percent, the Labor Department said Friday. Overall gains were held back by a 1.3 percent drop in e...

DATE: May 22, 2015 | CATEGORY: Nation & World

U.S. records biggest budget surplus in 7 years

WASHINGTON – A flood of tax payments pushed government receipts to an all-time high in April and left the country with the largest monthly budget surplus in seven years. In its mo...

DATE: May 12, 2015 | CATEGORY: Nation & World

U.S. economic growth may be mild, but it’s also really durable

WASHINGTON – The U.S. economy’s tepid performance last quarter – a 2.2 percent annual growth rate, the government said Friday – was typical of the economic rebound that began in the summer o...

DATE: Mar 27, 2015 | CATEGORY: Nation & World

Factory output falls for third straight month in February

WASHINGTON – Output at U.S. factories fell for a third straight month in February, driven by a big drop in production at auto plants. The Federal Reserve said Monday that manufact...

DATE: Mar 16, 2015 | CATEGORY: Nation & World

U.S. construction spending drops

WASHINGTON â€“ U.S. construction spending fell in January, reflecting weakness in spending on office buildings and other nonresidential projects and in government activity. Constr...

DATE: Mar 7, 2015 | CATEGORY: Business

U.S. economy slowed last quarter, but signs are pointing up

WASHINGTON – The U.S. economy slowed in the final three months of 2014, but a burst in consumer spending and the prospect of continued low energy prices are bolstering confidence that growth...

DATE: Jan 30, 2015 | CATEGORY: Nation & World