Washington Business News

Retail sales in the United States dropped 1.3 percent in the week ending Dec. International Council of Shopping Centers-USB reported Tuesday. Sales were down from a week ago, but up 2.6 percent compared to the same week of 2008. "The...

Executives for mortgage companies and government officials faced an angry congressional committee Tuesday concerning some of the problems with the Obama administration's mortgage-aid program aimed at avoiding foreclosures. Many of the complaints lodged by members of the House Financial Services...

The Treasury Department this week will auction 88.4 million warrants of JPMorgan Chase & Co., the second auction of warrants the government received as part of the $700 billion financial bailout. Treasury says the auction, which will take place between...

The package, presented as a conference report, leaves out unrelated contentious items, and leaves the Defense spending bill as the likely vehicle for the minibus. It includes six spending bills for fiscal year 2010: the Transportation and Housing and Urban...

A more constructive immigration policy...would aim to make the U.S. economy more productive while limiting immigration costs and keeping enforcement spending contained. ---------------- Illegal immigration's overall impact on the U.S. economy is negligible . But it does offer clear benefits...

Millions of Americans -- 60 million, in fact -- conduct their day-to-day financial business outside the banking system, leaving many to be preyed upon by payday-loan companies, rent-to-own establishments and other non-bank institutions. Banks have largely ignored the unbanked and...

The Treasury Department said Friday that it sold warrants to purchase Capital One Financial Corp for approximately $146.5 million. The agency priced a secondary public offering of about 12.7 million Capital One [s:COF] warrants at $11.75 per warrant. "These proceeds...