Economy

How The Debt Limit Became 'A Nuclear-Tipped Leverage Point'

6:14pm October 16, 2013

by David Welna

Since Congress first passed a law that set a cap on how much debt the Treasury could accrue, it has had to raise that limit more than 100 times. And 40 of those times, lawmakers have tried to tie strings to the vote. But veterans of past fights say they have gotten more intense in recent years.

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An Arkansas company is trying to cash in on an edamame boom in the U.S.

Arkansas Aims To Make Edamame As American As Apple Pie

2:31pm October 16, 2013

by Jacqueline Froelich

Edamame beans are a popular Asian appetizer, and they're beginning to get a foothold in the U.S. market. An Arkansas company is now trying to cash in on this edamame boom.

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Debt Ceiling Deal Depends On U.S. Senate

8:00am October 16, 2013

The Senate has been working on a bipartisan deal to reopen the government and raise the debt ceiling. But House conservatives have signaled they might not go along with a Senate deal. Steve Inskeep talks to Republican Senator Saxby Chambliss of Georgia about how he thinks the impasse can be resolved.

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Economy

The Rise and Fall of A Beautiful Suburb

7:21am October 16, 2013

Kim Mozingo was born and raised in High Point. She had always wondered about a particular group of buildings in what was called the West End. And the process of satisfying her curiosity turned into her Masters Degree project.

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Fitch Places U.S. Under Review For A Credit Downgrade

5:58am October 16, 2013

by Eyder Peralta

The main reason? The debacle in Washington. The credit ratings agency — one of the big three — said "faith" in the credit of the country is in danger.

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Economy

Banks Ease Purse Strings On Luxury Home Loans

5:58am October 16, 2013

by Peter O'Dowd

For the first time in decades, interest rates for jumbo home loans are lower than rates for a typical mortgage. And because of that, the luxury market is the fastest growing sector of home loans. In Phoenix, sales of homes that cost more than $500,000 are up 64 percent.

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IRS offices around the country, like this one in Brooklyn, N.Y., have been closed since the partial government shutdown began two weeks ago. While the agency continues to cash checks from payees, refunds, audits and most other operations are suspended.

The IRS Can't Take Your Questions. It Will Take Your Return

6:21pm October 15, 2013

by Dan Bobkoff

Tuesday is the deadline for taxpayers who requested an extension on their 2012 tax returns. With most of its staff currently furloughed, the Internal Revenue Service is not answering calls, issuing refunds or collecting audits. Even so, don't expect a filing reprieve; the midnight deadline is still in effect.

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Economy

USDA Loan Interruption Hits Local Housing Market

12:35pm October 15, 2013

The federal government shutdown is causing a slowdown in home sales in rural Triad communities. The U.S.

Economy

Three Americans Win Nobel Economics Prize

6:19pm October 14, 2013

by Dan Bobkoff

Three American professors won this year's Nobel Memorial Prize in Economic Sciences for their studies on asset prices.

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3 American Economists Win Nobel Prize

7:46am October 14, 2013

Eugene Fama, Lars Peter Hansen and Robert Shiller won the 2013 economics prize for their work on developing new methods to study trends in asset markets. They will share the $1.25 million prize.

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