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Bernanke: Economy lacks strength to sustain gains

There is still not enough spending and investment to sustain the economic recovery, Federal Reserve Chairman Ben Bernanke said Thursday.

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Bernanke: Economy lacks strength to sustain gains

Factbox: Spending, fundraising in U.S. presidential race

(Reuters) – Presidential campaigns and political action committees, or PACs, filed financial reports on Tuesday showing how much they had raised and spent this campaign season, as of February 29. The Federal Election Commission filings also offered a snapshot of who has been donating how much to the “Super PACs,” which operate independently from campaigns and can raise unlimited amounts from individuals, corporations and unions. …

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Factbox: Spending, fundraising in U.S. presidential race

BP spill settlement clears way for comeback (AP)

AP – BP’s multibillion-dollar settlement with people and businesses harmed by its 2010 oil spill removes some uncertainty about the potential financial damages it faces. It also may help the company restore its all-important relationship with the federal government.

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BP spill settlement clears way for comeback
(AP)

Poll: Millionaire tax popular, spending cuts too (AP)

AP – Most people like President Barack Obama’s proposal to make millionaires pay a significant share of their incomes in taxes. Yet they’d still rather cut spending than boost taxes to balance the federal budget, an Associated Press-GfK poll shows, giving Republicans an edge over Democrats in their core ideological dispute over the nation’s fiscal ills.

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Poll: Millionaire tax popular, spending cuts too
(AP)

Gulf oil spill could result in criminal charges for BP employees (The Christian Science Monitor)

The Christian Science Monitor – Federal criminal charges may be pending for key individuals involved in the Gulf of Mexico oil spill.

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Gulf oil spill could result in criminal charges for BP employees
(The Christian Science Monitor)

Northeast states cut heating aid to poor (AP)

AP – Mary Power is 92 and worried about surviving another frigid New England winter because deep cuts in federal home heating assistance benefits mean she probably can’t afford enough heating oil to stay warm.

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Northeast states cut heating aid to poor
(AP)

Federal government to help reimburse states for Irene damage (Reuters)

Reuters – Hurricane Irene could cost U.S. state and local governments billions of dollars in damages, but funds from the federal government might ultimately cover much of this expense.

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Federal government to help reimburse states for Irene damage
(Reuters)

Wall St rallies after sell-off; Fed statement on tap (Reuters)

Reuters – Stocks rebounded sharply on Tuesday after a major sell-off, but markets remained vulnerable to selling if the Federal Reserve fails to ease fears of a double-dip recession.

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Wall St rallies after sell-off; Fed statement on tap (Reuters)

Some flyers may not see savings from expired taxes (AP)

AP – Some airline customers won’t see savings this weekend even though several federal taxes on tickets have expired.

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Some flyers may not see savings from expired taxes (AP)

Bernanke to face grilling on jobs, debt, Europe (Reuters)

Reuters – Federal Reserve Chairman Ben Bernanke goes to Capitol Hill on Wednesday to testify about the sputtering recovery, but may have to spend much of his time convincing a stubborn Congress to raise the debt ceiling.

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Bernanke to face grilling on jobs, debt, Europe (Reuters)

fastestwayweightloss

Bernanke: Economy lacks strength to sustain gains

Factbox: Spending, fundraising in U.S. presidential race

BP spill settlement clears way for comeback (AP)

Poll: Millionaire tax popular, spending cuts too (AP)

Gulf oil spill could result in criminal charges for BP employees (The Christian Science Monitor)

Northeast states cut heating aid to poor (AP)

Federal government to help reimburse states for Irene damage (Reuters)

Wall St rallies after sell-off; Fed statement on tap (Reuters)

Some flyers may not see savings from expired taxes (AP)

Bernanke to face grilling on jobs, debt, Europe (Reuters)

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