Federal Reserve Bank of New York

In this Sept. 9, 2013 photo, Dong Linhua, 59, works at his workshop in Shanghai. "I heard that the authorities might postpone the age of the retirement, but I sure hope not, since I've already worked for almost 42 years," says Dong. (AP Photo/Eugene Hoshiko)

The world braces for retirement crisis

WASHINGTON (AP) — A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the financial meltdown in 2008, the crisis was significantly worsened by those twin […]

12/30/2013

In this Wednesday, Oct. 16, 2013, file photo, technicians repair machinery at Madelaine Chocolates factory in the Queens borough of New York. The Federal Reserve reports on output from U.S. factories, mines and utilities in November on Monday, Dec. 16, 2013. (AP Photo/Frank Franklin II)

US factory output rises solid 0.6 pct. in November

WASHINGTON (AP) — U.S. factories increased output in November for the fourth straight month, led by a surge in auto production. The gains show manufacturing is strengthening and could help boost economic growth at the […]

12/16/2013

Timothy Geithner

Geithner to join private equity firm

Former U.S. Treasury Secretary Timothy Geithner, who played a central role in the government’s response to the financial crisis of 2008-2009, is joining private equity firm Warburg Pincus LLC. The firm announced Saturday that Geithner […]

11/16/2013

(AP Photo)

How Fed policymakers affect the economy

(The Associated Press) – The Federal Reserve’s chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the […]

05/02/2013

(AP Photo)

US consumers keep spending despite higher taxes

WASHINGTON (AP) — This year got off to a sour start for U.S. workers: Their pay, already gasping to keep pace with inflation, was suddenly shrunk by a Social Security tax increase. Which raised a worrisome question: Would consumers stop spending?

04/29/2013

Student loans

More Americans struggle to repay student loans

WASHINGTON (AP) — More Americans are falling behind on student loans, threatening their ability to obtain mortgages and other credit in the future.

02/28/2013

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