The Energy and Tax Extenders Act may be taken up next week by the House of Representatives.
The U.S. financial markets have calmed down, but more turmoil lies ahead, the secretary said today.
The United Nations cited expectations of only 1.8% growth for 2008, compared with growth of 3.8% in 2007.
Construction of new homes swung up unexpectedly in April, as the number of new multifamily housing units grew.
The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
U.S. industrial production fell 0.7% in April as the manufacturing sector recorded its worst drop in nearly three years.
The firm posted a 19% drop year over year in first-quarter profit due to weaker returns in its real estate and private-equity businesses
A former banker at UBS has been charged with helping clients avoid paying taxes by opening secret bank accounts.
The U.S. consumer price index inched up 0.2% last month, due largely to rising gasoline costs.
