District of Columbia Business News

Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic recovery and financial stability going forward. "These measures are very...

The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban unlawful Internet gambling. The two agencies said Friday that the new rules, which were to take effect...

U.S. new home sales rose 6.2 percent in October after dropping a month ago, the Commerce Department said Wednesday. Economists predicted an increase of sales to 407,000 new homes on a seasonally adjusted annual basis. Sales rose from 405,000 in...

In a hopeful sign for the economy, the number of newly laid-off workers filing claims for unemployment benefits fell below 500,000 last week for the first time since January. Consumer spending also picked up in October, and new-home sales hit...

U.S. durable goods orders fell 0.6 percent in October, dropping contrary to expectations, the Commerce Department reported Wednesday...Instead, new orders dropped by $1 billion to $166.2 billion, the report said. The decline follows September's 2 percent rise in new orders...

BlueHippo Funding, the Woodlawn electronic sales company recently accused of violating its settlement with the Federal Trade Commission, has filed for bankruptcy court protection...The company said it believes the bank's actions were unlawful and left BlueHippo unable to pay its...