Federal Reserve
Fed keeps buying bonds, sees economic risks easing
The Federal Reserve on Wednesday said risks to the outlook for the U.S. economy and job market had eased since last fall, but it said it would keep buying $85 billion in bonds per month given the still-high level of unemployment. Full Article | Instant view
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
U.S. House to consider 3-month debt limit extension next week - Rep. Cantor
Majority Leader Eric Cantor (R-VA) reacts to a question about CIA Director David Petraeus' scandal during a news conference on Capitol Hill in Washington November 14, 2012.
Credit: Reuters/Yuri Gripas/Files
WILLIAMSBURG, Virginia |
WILLIAMSBURG, Virginia (Reuters) - The U.S. House of Representatives will consider a bill next week to extend the debt limit by three months in order to force the Senate to pass a budget, Republican House Majority Leader Eric Cantor said on Friday.
"Next week, we will authorize a three-month temporary debt limit increase to give the Senate and House time to pass a budget," Cantor said in an emailed statement.
"If the Senate or House fails to pass a budget in that time, members of Congress will not be paid by the American people for failing to do their job. No budget, no pay," he said on the last day of a House Republican retreat in Williamsburg.
(Reporting By Rachelle Younglai)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters