Stories by Martin Crutsinger

Wednesday, Dec. 17, 2014

Fed promises 'patient' approach on interest rates

WASHINGTON - The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. economy. But it will be "patient" in deciding when to do so. 
By Martin Crutsinger

Tuesday, Dec. 16, 2014

US home construction drops 1.6 percent in November

US home construction falls 1.6 percent in November as single-family construction declines.
By Martin Crutsinger

Monday, Dec. 15, 2014

Fed unlikely to signal rate increase

Most economists think the Federal Reserve will wait until June to raise short-term rates for the first time since it cut them to record lows in 2008 during the financial crisis. Some think that as ...
By Martin Crutsinger

Monday, Dec. 8, 2014

Economists forecast fast growth in 2015

Top business economists believe 2015 could bring US strongest growth in a decade.
By Martin Crutsinger

Friday, Dec. 5, 2014

US trade deficit drops to $43.4 billion in October

WASHINGTON — The U.S. trade deficit fell slightly in October as exports rebounded while oil imports dipped to the lowest level in five years.
By Martin Crutsinger

Wednesday, Nov. 26, 2014

US new home sales up 0.7 percent in October

WASHINGTON — Sales of new U.S. homes edged up modestly in October, led by a big jump in activity in the Midwest.
By Martin Crutsinger

US consumer spending up 0.2 percent in October

WASHINGTON — U.S. consumers spent modestly more in October, a slight improvement after no gain at all in the previous month.
By Martin Crutsinger

US orders for durable goods up 0.4 percent

WASHINGTON — Orders to U.S. factories for long-lasting manufactured goods rose in October, but a key category that tracks business investment plans declined sharply for a second straight month.
By Martin Crutsinger

Tuesday, Nov. 25, 2014

US economy grew at 3.9 percent rate in 3rd quarter

WASHINGTON — The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, even faster than first reported, giving the country its strongest six months of growth in more ...
By Martin Crutsinger

Thursday, Nov. 20, 2014

Gauge of US economy posts 0.9 percent October gain

Gauge of US economy posts healthy 0.9 percent rise in October, best showing since July.
By Martin Crutsinger

Wednesday, Nov. 19, 2014

home construction drops 2.8 percent

WASHINGTON — Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile apartment sector.
By Martin Crutsinger

Friday, Nov. 7, 2014

Yellen pledges clear signals for rate policies

Yellen promises clear communication of interest rate policies to minimize market disruptions.
By Martin Crutsinger

Friday, Oct. 31, 2014

US consumer spending down 0.2 percent in September

WASHINGTON — U.S. consumer spending fell in September, the first decline in eight months, as shoppers took a breather after a big spending spree in August. Income growth posted the slowest gain ...
By Martin Crutsinger

Thursday, Oct. 30, 2014

US economy grew at 3.5 percent rate

The U.S. economy grew at a 3.5 percent rate in the third quarter, boosted by exports and defense spending.
By Martin Crutsinger

Wednesday, Oct. 29, 2014

Federal Reserve ends bond-buying stimulus

The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market - a key condition for an eventual interest rate increase.
By Martin Crutsinger

Friday, Oct. 17, 2014

Yellen expresses worries about US wealth gap

WASHINGTON - Federal Reserve Chairwoman Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of ...
By Martin Crutsinger

Wednesday, Oct. 15, 2014

Fed survey finds moderate growth nationwide

WASHINGTON — The U.S. economy was strengthening in most regions of the country in September to early October, helped by gains in consumer spending, manufacturing and commercial construction.
By Martin Crutsinger

Friday, Oct. 10, 2014

Top finance officials hope to boost growth

Top global finance officials seek to combat variety of threats weighing on growth.
By Martin Crutsinger

Friday, Oct. 3, 2014

US trade deficit drops to $40.1 billion in August

WASHINGTON — The U.S. trade deficit shrank for the fourth straight month in August, falling to the lowest level since January as exports rose to an all-time high.
By Martin Crutsinger

Friday, Sept. 26, 2014

Economy grew at 4.6 percent rate in April-June

WASHINGTON - The U.S. economy's bounce-back last quarter from a dismal winter was even faster than previously thought, a sign that growth will likely remain solid for rest of the year.
By Martin Crutsinger

Top headlines

Sickness closes all McDuffie County schools

One day after closing an elementary school because of excessive absences caused by illness, the McDuffie County School System has decided to close all seven of its schools, according to its ...
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