Economy

Federal Reserve Proposes New Bailout Rules To Remove Taxpayer Burden

5:42pm October 30, 2015

by Jim Zarroli

The new rules would help ensure that if a big bank were to fail, the costs of its bailout would not fall on taxpayers. Long-term bonds could provide a cushion of capital to cover losses.

The Fed wants to make banks "pre-fund" their own bailout should another financial conflagration break out.

In A Financial Fire, Big Banks Will Have An Extra Extinguisher

4:53pm October 30, 2015

by Marilyn Geewax

The Federal Reserve is proposing rules that would force banks to add another layer of protection in case of a financial crisis. It wants to be sure taxpayers don't get stuck bailing out banks again.

SEC Approves New Rules For Startup Investing

4:40pm October 30, 2015

by John Ydstie

The Securities and Exchange Commission approved new rules Friday that will allow people who are not accredited investors to take ownership stakes in startups.

Economy

Craft Brewers Are Upping Their Name Game

10:00am October 30, 2015

by Emily McCord

Craft brewing is going gangbusters in North Carolina–and with it more competition for those great beer names. Now, established brewers are getting more aggressive about protecting

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Republican Ben Carson speaks during the Republican presidential debate Wednesday night.

FACT CHECK: Simpler Isn't Always Better When It Comes To Taxes

5:19pm October 29, 2015

by Scott Horsley

Republican presidential candidates pushed for what they see as a "simpler" tax code with flat taxes and fewer pages, but experts say there are big drawbacks to some of these plans.

RushCard Sets Aside Millions To Compensate Customers Affected By Technical Problems

5:15pm October 29, 2015

by Laura Wagner

The prepaid debit card company, co-founded by hip-hop mogul Russell Simmons, will compensate customers who suffered a "financial setback" due to a technical problem earlier this month.

Pennsylvania Schools Short On Funds As Budget Stalemate Continues

4:40pm October 29, 2015

by Solvejg Wastvedt

The governor and legislators can't agree how to fix the deficit or how much money schools should get. Meanwhile, districts are taking out loans and racking up interest costs to keep the lights on.

Mothers take care of their children while lining up to buy staple goods outside a supermarket in Caracas earlier this month.

The Nightmare Of Grocery Shopping In Venezuela

2:44pm October 29, 2015

by John Otis

Venezuela's economic model has imploded. With food production, import and distribution now controlled by the government, shelves are bare. A day's hunt for groceries in Caracas can prove futile.

Trans-Pacific Partnership Provision On Trade Disputes Draws Criticism

1:35pm October 29, 2015

by Yuki Noguchi

The Trans-Pacific Partnership trade agreement the Obama administration is trying to sell to Congress includes a seemingly obscure and controversial provision. It's called the Investor-State Dispute Settlement, or ISDS among wonks. NPR explains why that provision is drawing criticism.

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U.S. Economic Growth Slowed Considerably In 3rd Quarter

11:59am October 29, 2015

by Jim Zarroli

Growth came in at a 1.5 percent annual rate, a sharp slowdown from the 3.9 percent gain in the previous quarter. Companies cut back on the amount of goods on shelves, but consumers continued to spend.