Author – The Durango Herald

Yellen calls economy and job market still subpar

WASHINGTON – Janet Yellen says the economy has regained ground lost to the deepest recession since the 1930s. But she says unemployment remains too high at 7.3 percent and notes that the Fe...

DATE: Nov 13, 2013 | CATEGORY: Business

Nervous Fed won’t take chances

Stimulus reduction may be on hold

DATE: Oct 29, 2013 | CATEGORY: Business

Fed’s bond pledge charges up investors

Stocks soar to record high

DATE: Sep 17, 2013 | CATEGORY: Nation & World

Retail sales post July increase

Consumer spending 70% of U.S. activity

DATE: Aug 13, 2013 | CATEGORY: Business

Measure of U.S. jobless claims falls to 6-year low

WASHINGTON – A measure of Americans who applied for unemployment benefits over the past month has fallen to its lowest level in almost six years, signaling fewer layoffs. The Labo...

DATE: Aug 8, 2013 | CATEGORY: Nation & World

Consumer prices up 0.5 percent in June

Tepid economy keeps wage growth low

DATE: Jul 16, 2013 | CATEGORY: Business

Bernanke exit could perturb markets

WASHINGTON – The Federal Reserve expects to start slowing its bond-buying program this year just before it might need to manage another major transition that could spook investors: the likel...

DATE: Jul 6, 2013 | CATEGORY: Business

Fed head in preparation to slow bond purchases

Markets head south after Bernanke’s announcement

DATE: Jun 18, 2013 | CATEGORY: Nation & World

U.S. economy accelerates at 2.5 percent rate

WASHINGTON – Americans shrugged off higher taxes to lift the U.S. economy at the start of the year. Government spending fell, though, and the impact of the tax increases along with federal b...

DATE: Apr 26, 2013 | CATEGORY: Nation & World

Redesigned $100 bill to begin circulating this fall

WASHINGTON – The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target. The Fed has set...

DATE: Apr 24, 2013 | CATEGORY: Nation & World

Monthly housing starts surpass 1 million

WASHINGTON – U.S. homebuilders broke the 1 million mark in March for the first time since June 2008. The gain signals continued strength for the housing recovery at the start of the spring b...

DATE: Apr 15, 2013 | CATEGORY: Business

Obama budget: Trim Social Security, tax wealthy

WASHINGTON  President Barack Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a grand bargain to tame runaway deficits, raising t...

DATE: Apr 10, 2013 | CATEGORY: Nation & World