Fed Injects $40B A Month In Third Round Of Economic Aid
The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.
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The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.
If you have been hiding under a rock, you many not realize that Apple is set to unveil the new iPhone 5 Wednesday. But here's the wild thing: it's not just a new product, the iPhone may boost the entire U.S. economy.
Republicans will continue to talk down the economy for the next two months specifically because they want the economy, and the country, to suffer in order to win an election.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
President Barack Obama came off a widely-lauded Democratic National Convention Friday with a stark reminder of just how far the country has to go to recover from the deepest recession since the Great Depression of the 1930's.
The U.S. economy only added 96,000 jobs in August, according to the Bureau of Labor Statistics, but those numbers were less than the more than 100,000 economists were expecting.
Commonly referred to as "what goes around, comes around', the Republicans are finding plenty to take shots at as the Democrats conduct their week in the 'often dubious' political spotlight called "the Convention".
Tonight, when Vice President Biden and President Obama address the country the question before them is an obvious one: are we better off than we were four years ago? The answer is equally obvious: YES!
Sitting in the Time Warner Cable Arena last night I was struck by how different the Democratic National Convention was from the Republican event last week. Unlike the Republicans in Tampa, Democrats focused on the fight to preserve the middle class and the American Dream.
What does it take these days to be in the middle class?
Mitt Romney's economic plan basically says if you make $22.50 an hour with benefits, you make too much money; and if you make $22.5 million, then you pay too much in taxes.
Instead of getting rowdy at a demonstration or protest regarding the lack of jobs throughout the country, people can voice their discontent with the nation's current unemployment rate on this Labor Day by simply placing an empty chair in their front yard.
When it comes to the economy, Floridians remain reasonably optimistic despite possible setbacks that are on the horizon.
The White House Press Corps members finally got the White House Press Conference they've been shouting for. And they only have themselves to blame for letting Obama turn much of it into a campaign speech by the questions they did and didn't ask.
Strong economies, especially in Latin America, led overseas tourists to flock to Florida in recent months.
If you know you're not going to blindly support the "left" in this coming election, see the movie '2016: Obama's America'. But, fair warning, it's disturbing – and quite frightening – to say the least.
Paul Ryan has changed the Electoral College math. With the pick, Romney has chosen a path that writes off almost all of the country and focuses the election on the industrial Midwest.
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
Many who supported Obama in 2008 did so because they believed that he would help black Americans. The criticism four years later is that having a black president in the White House hasn't helped African Americans at all.
President Barack Obama is facing stats that historically would favor a challenger over an incumbent. But poll after poll, including Wednesday's Reuters/Ipsos poll is finding that despite misgivings over the direction of the country; Obama is still leading his Republican challenger Mitt Romney.
The blatant lies and the desperate spins generated from the "left" have been absolutely frightening. What's extremely sad for them is that they don't have a prayer of keeping the White House without creating lies and spinning obvious negatives into self-reported positives.
The U.S. economy continued to trudge through a difficult fiscal quarter as the economy created 163,000 private-sector jobs in July. The number was the best since February, but the economy's job creation pace is essentially flat since 2011.
Fresh off a non-partisan study that hammered Republican Mitt Romney's tax proposal as being disproportionately harsh on lower and middle income workers; President Barack Obama will be in Orlando Thursday to continue hammering a similar message.
South Florida got some disappointing jobs news Friday with the release of the statewide unemployment report, with Broward seeing an increase in the jobless rate while Miami-Dade was virtually stalled. Statewide, the unemployment rate was unchanged for the second month in a row.
new job report released Tuesday by the state of Florida show unemployment rates are dropping, but not for reasons you may think.
A South Florida woman found an iguana in her toilet, highlighting the invasive reptiles' growing presence in the region and the challenges of keeping them out of homes.
Alec Burleson's go-ahead single lifted the Cardinals to an 8-3 win over the Marlins, ending their skid amid Miami's miscues.
A truck driver accused in a crash on Florida's Turnpike that killed three South Florida residents is facing vehicular homicide charges and immigration violations.
South Florida is not forecast to see direct impacts from Hurricane Erin, but rip currents and surf up to 6 feet, especially along Palm Beach, are likely.
Janitors at the University of Miami voted to authorize a strike, demanding higher wages as contract negotiations continue ahead of an Aug. 31 deadline.
A South Florida woman found an iguana in her toilet, highlighting the invasive reptiles' growing presence in the region and the challenges of keeping them out of homes.
Alec Burleson's go-ahead single lifted the Cardinals to an 8-3 win over the Marlins, ending their skid amid Miami's miscues.
A truck driver accused in a crash on Florida's Turnpike that killed three South Florida residents is facing vehicular homicide charges and immigration violations.
The CBS Miami Nat Moore Trophy recognizes the top high school football player in Miami-Dade, Broward and Monroe counties.
South Florida is not forecast to see direct impacts from Hurricane Erin, but rip currents and surf up to 6 feet, especially along Palm Beach, are likely.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
A federal judge tossed out part of a lawsuit brought by detainees at the "Alligator Alcatraz" detention center in the Florida Everglades, handing a partial victory to the Trump administration.
President Trump is set to meet with Ukrainian President Volodymyr Zelenskyy and European leaders on Monday as the U.S. pursues a peace agreement between Russia and Ukraine.
Special U.S. envoy Steve Witkoff says Russian leader Vladimir Putin agreed to allow the U.S. and Europe to offer Ukraine a security guarantee resembling NATO's collective defense mandate.
Secretary of State Marco Rubio said "both sides are going to have to make concessions" to end Russia's war in Ukraine.
European leaders will join Ukraine's President Volodymyr Zelenskyy for his crucial meeting with President Trump in Washington on Monday.
Jim DeFede goes one-on-one with Republican State Rep. Alex Andrade about the Hope Florida Foundation scandal.
Jim DeFede goes one-on-one in separate interviews with U.S. Congressman Darren Soto and former Miami Beach Mayor Dan Gelber about the subject.
Lucia Baez-Geller is a former Miami-Dade school board member who lost in her bid two years ago to oust Maria Elvira Salazar.
Jim talks with Robin Peguero, a Democratic nominee for the District 27 congressional seat.
Jim talks to a former Republican congressman who is running as a Democrat to be the next governor of Florida.
A Florida dairy farm was named in a lawsuit filed by a woman who claims she lost her unborn child after getting sick from drinking raw milk. Her toddler also got sick.
Instagram rolled out a new Map feature that lets users see their friends' locations in real time. Here's why privacy experts are concerned.
The Boar's Head deli meat plant at the heart of a deadly food-poisoning outbreak is set to reopen in the coming months, but recent reports point to ongoing sanitation problems.
A Florida woman was arrested for allegedly impersonating a registered nurse and treating over 4,000 patients without a license.
There's a treatment helping chronic pain patients by disrupting pain signals in the body from getting to the brain.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
The Oscar-nominated actor famously played arch-villain General Zod in "Superman" and "Superman II."
Playboy will move its global headquarters from Los Angeles to Miami Beach and open a new club with a restaurant and members-only section.
President Trump announced this year's "truly exceptional class" of Kennedy Center Honorees and said he will host the annual ceremony himself.
UFC CEO Dana White confirmed plans for a July 4, 2026 fight at the White House to mark America's 250th birthday.
Taylor Swift announced her 12th studio album, "The Life of a Showgirl," after a countdown tease on her website. The release date is now set for Oct. 3.