Jack Lew

(AP Photo)

Government sells remaining stake in GM

  DETROIT (AP) — The U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse. Treasury Secretary Jacob Lew announced Tuesday that […]

12/09/2013

Treasury Secretary Jacob Lew

Little appetite for another shutdown, but alternative elusive

WASHINGTON (AP) – Key figures in both parties are insisting that a sequel to the government shutdown must be avoided. Treasury Secretary Jacob Lew says the impasse pushed the nation to the brink of defaut […]

10/20/2013

A row of new 2013 Ford Fusions are on display at an automobile dealership in Zelienople, Pa. (AP Photo/Keith Srakocic, File)

Washington budget fight hurts auto sales

DETROIT (AP) — Auto sales tailed off last week, and some dealers and experts are pointing the finger at bickering politicians in Washington. Data collected by J.D. Power and Associates show that sales fell in […]

10/16/2013

From left, Sen. Dick Durbin, D-Ill., Sen. Charles Schumer, D-N.Y., President Barack Obama, Senate Majority Leader Harry Reid of Nev., Sen. Patty Murray, D-Wash., meet in the Oval Office of the White House, Saturday, Oct. 12, 2013, in Washington. (AP Photo/Carolyn Kaster)

Congress lumbers while threatened default looms

WASHINGTON (AP) — Republicans and Democrats in Congress lumbered through a day of political maneuvering Saturday while a threatened default by the Treasury crept uncomfortably closer and a partial government shutdown neared the end of […]

10/12/2013

Trader Kevin Lodewick, right, works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Wall Street exhales as threat of US default eases

NEW YORK (AP) — You can almost hear Wall Street exhaling. The Dow Jones industrial average soared more than 300 points Thursday after Republican leaders and President Barack Obama finally seemed willing to end a […]

10/10/2013

House Speaker John Boehner of Ohio listens during a news conference on Capitol Hill in Washington, Thursday, Oct. 10, 2013, following a meeting with House Republicans. Boehner said  Republicans will advance legislation to temporarily extend the government's ability to borrow to meet its obligations.  (AP Photo/Susan Walsh)

Boehner offers debt extension; WH says likely OK

WASHINGTON (AP) — Facing a fresh deadline, House Speaker John Boehner said Thursday that Republicans would vote to extend the government’s ability to borrow money for six weeks — but only if President Barack Obama […]

10/10/2013

Speaker of the House John Boehner, R-Ohio, speaks with reporters about the looming deadline to fund the government and the fight among House Republicans on a strategy, on Capitol Hill in Washington, Sept. 19, 2013.  (AP Photo/J. Scott Applewhite)

House GOP leaders seek short-term debt extension

WASHINGTON (AP) — House Speaker John Boehner told Republican lawmakers Thursday he will give President Barack Obama a proposal extending the government’s ability to borrow money through Nov. 22 — but only if he agrees […]

10/10/2013

From left, Senate Majority Leader Harry Reid of Nev., Sen. Tim Kaine, D-Va., Sen. Mark Warner, D-Va., Sen. Charles Schumer, D-N.Y., and others stand on the Senate steps on Capitol Hill in Washington, Wednesday, Oct. 9, 2013, during a news conference on the ongoing budget battle. President Barack Obama was making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown.  (AP Photo/ Evan Vucci)

Shutdown-Default: All quiet on compromise front

WASHINGTON (AP) — Its approval ratings scraping bottom, Congress took no discernible steps Wednesday to end the nine-day partial government shutdown or to head off a threatened default by the national Treasury. Instead, the House […]

10/09/2013

House Majority Leader Eric Cantor, R-Va., smiles as he leaves the floor of the House of Representatives at the Capitol in Washington, Friday, Sept. 20, 2013. The GOP-controlled House passed a bill that would prevent a government shutdown while crippling the health care law that was the signature accomplishment of President Barack Obama's first term,  (AP Photo/J. Scott Applewhite)

House GOP dismisses default warnings as more hype

WASHINGTON (AP) — Hard-line House Republicans are dismissing dire warnings that a government default would wreck U.S. and world economies as another case of hyperbole from an Obama administration that cried wolf about the likely […]

10/08/2013

Storm clouds hang over Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)

Debt limit overtaking shutdown as US crisis focus

WASHINGTON (AP) — A possible national default loomed closer on Monday as the partial government shutdown lingered, rattling markets in the U.S. and overseas. A gridlocked Congress betrayed little or no urgency toward resolving either […]

10/07/2013

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