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  • Bernanke urges Congress to continue with stimulus

    WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress on Thursday that the fragile economy needs government stimulus spending to strengthen the recovery and help reduce unemployment. Testifying before the …

  • Fed chief open to new steps to keep recovery going

    Federal Reserve Chairman Ben Bernanke told Congress today the economic outlook remains “unusually uncertain,” and the central bank is ready to take new steps to keep the recovery alive if …

  • Credit scores sink, compounding slow recovery

    NEW YORK – The credit scores of millions more Americans are sinking to new lows. Figures provided by FICO Inc. show that 25.5 percent of consumers – nearly 43.4 million …

  • Idaho tourism industry shows signs of hope

    Idaho’s $3 billion tourism industry is showing fledgling signs of recovery, with outfitters among those who expect their businesses to expand this year after the poor economy caused guests to …

  • Business update: Economic stress easing more slowly

    Two-thirds of U.S. counties became economically healthier in May, thanks to more manufacturing jobs in the Midwest and fewer home foreclosures in the Sun Belt, according to a monthly analysis …

  • Jobs report shows economic rebound may be stalling

    A weak June jobs report offered the latest evidence that the economic recovery is slowing. Employers cut 125,000 jobs last month, the most since October, the Labor Department said Friday.

  • Economists differ over when, or if, recession has returned

    WASHINGTON – Concerns are rising that the economy is at risk of slipping into a “double-dip” recession. High unemployment, Europe’s debt crisis, a slowdown in China, a teetering housing market …

  • Goldman: Firm has no regrets

    WASHINGTON – A Goldman Sachs executive told an inquiry panel Thursday that the firm had no regrets about collecting billions of dollars in taxpayer money for correctly predicting the demise …

  • Business update: Data suggest recovery is fizzling

    Fears that the economic recovery is fizzling grew Thursday after the government and private sector issued weak reports on a number of fronts. Unemployment claims are up, home sales are …

  • Stocks plunge on bad news

    NEW YORK — No matter where they look, investors are seeing economic trouble. Stocks and interest rates plunged Tuesday after signs of slowing economies from China to the U.S. spooked …

  • Mortgage rates at lowest point since at least 1971

    Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments for home purchases and refinanced loans.

  • Briefcase: Japan’s exports, Nike Inc., Cisco Systems, more

    Japan’s exports expanded for a sixth straight month in May as brisk global demand for cars and high-tech products helped shore up a recovery in the world’s second-largest economy. Exports …

  • New claims for jobless benefits rise sharply

    The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.

  • Homes won’t build recovery

    WASHINGTON – Homebuilders are sending a message: They won’t be able to contribute much to the economic recovery now that government home-buying incentives have vanished. Home construction and applications for …

  • Economists get antsy as federal ‘juice’ dries up

    WASHINGTON – The mixed bag of economic data released Tuesday shows a wobbly recovery in danger of being toppled over, analysts said. Big questions remain in the U.S. about where …

  • Idaho unemployment rate posts modest decline

    The state Department of Labor says the unemployment rate posted a decline for the third month in a row, falling to 9 percent as Idaho employers took on more workers.

  • Second special session might be needed, Gregoire says

    OLYMPIA — Washington may need another special session of the Legislature if Congress doesn’t come through with some $480 million in higher payments for Medicaid, Gov. Chris Gregoire said today.

  • Unemployment drops in 90 percent of metro areas

    WASHINGTON — Unemployment rates fell in April for more than 90 percent of the nation’s 372 largest metro areas as hiring picked up around the country.

  • Consumers more cautious in April, report says

    WASHINGTON – Consumers don’t appear confident enough in the economy to open their wallets more freely. Their spending stalled in April. Without stronger job creation and higher pay, people are …

  • Spokane schools funding plan makes dropout prevention a priority

    A little savings, slightly higher property taxes, some conservative projections and $54 million in cuts during the last eight years means Spokane Public Schools will be able to avoid trimming …

  • As times improve, travelers pack bags

    The number of travelers heading out this Memorial Day weekend should increase for the first time since peaking five years ago, a sign that the nation’s economy is rebounding. The …

  • Federal Reserve sees slightly better 2010 economy

    Federal Reserve officials have a slightly brighter view of the economy than they did at the start of the year.

  • Spokane-area sees jobless numbers improve

    Spokane County’s unemployment rate fell by almost 2 percentage points in April as employers added 3,900 workers, many of them in construction. The Washington Employment Security Department also reported Tuesday …

  • Spokane County employers add 4,000 jobs in April

    Spokane County’s unemployment rate fell by almost 2 percentage points in April as employers added 3,900 workers, many of them in construction.

  • Schools’ budget reality strikes hard

    Consecutive years of belt-tightening are leaving Inland Northwest school districts with fewer notches available to further cinch up their spending. Temporary federal funds for education in the 2009-’11 biennium helped …

  • Report indicates that recession was not just a ‘mancession’

    NEW YORK – They’ve called it the “mancession” – a recession that’s affected men disproportionately because of its brutal impact on male-dominated sectors like construction and manufacturing. But that term …

  • Fed keeps rates at record lows; upbeat on economy

    The Federal Reserve sounded a more confident note Wednesday that the economy is strengthening but pledged to hold rates at record lows to make sure it gains traction.

  • Boston equity firm invests $134.7 million in Sterling

    Thomas H. Lee Partners, a Boston private equity firm, will invest $134.7 million in struggling Sterling Financial Corp. as part of the Spokane bank-holding company’s ongoing effort to raise enough …

  • Administration reduces bailout cost estimate

    Treasury Secretary Timothy Geithner is telling Congress that the administration believes the final cost of the government’s heavily criticized financial bailout effort could be as low as $87 billion.

  • Home sales rise as unemployment claims fall

    Home sales rose sharply last month and claims for jobless benefits fell last week. The two reports Thursday sketched a picture of a modestly improving economy.



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