.Sylvia Mathews Burwell smiles as US President Barack Obama announces her as his choice to be the next White House budget director ©AFP From WORLD 7:57pm

Obama moves to fill cabinet

Ex-Clinton economic adviser to fight budget crisis

From WORLD 7:15pm

US budget chief pick faces early test

Burwell’s task will be to blunt impact of sequestration

From LEX 7:14pm

Detroit: meet me at the end of the road

Other US cities are grappling with misaligned finances

House Speaker John Boehner of Ohio calls on a reporter during a news conference on Capitol Hill in Washington, Friday, Nov. 9, 2012. Boehner said any deal to avert the so-called fiscal cliff should include lower tax rates, eliminating special interest loopholes and revising the tax code. ©AP From WORLD Mar 3, 2013

Boehner sees reform as way to budget deal

No resolution at hand to end $85bn sequestration

Mar 2, 2013

Bernanke warns against raising rates early

Fed chief says ‘high risk of short-circuiting the recovery’

3:30pm

US services grow at fastest pace in a year

Index rises to 56 as new orders and exports accelerate

1:00pm

Student debt is a drag on US recovery

Fears that high loans will slow economic growth

12:39am

Fannie and Freddie set for reduced role

US to create utility to handle new mortgage-backed securities

From MIDDLE EASTERN ECONOMY Mar 2, 2013

US tells Egypt to fix economy and strike IMF deal

Kerry on first visit to Arab world since taking office

From COMPANIES Mar 1, 2013

Boost for Keystone XL pipeline plan

Impact study finds it would have only marginal effect on emissions

From WORLD Mar 1, 2013

Obama warns of long fiscal crisis

President signs the directive to put cuts into effect

Mar 1, 2013

Data show spots of brightness in US economy

Manufacturing grows faster than expected but data weak elsewhere

Mar 1, 2013

Fiscal emergency declared in Detroit

Step closer to largest municipal bankruptcy in US history

From WORLD Feb 28, 2013

Chances of sequester quick fix run out

Cuts saga likely to run and run

Feb 28, 2013

US braced as cuts deadline passes

Growth data show economy vulnerable as sequestration kicks in

Feb 28, 2013

US consumer debt snaps four-year decline

Student loans largest source of private debt after mortgages

From MARKETS Feb 28, 2013

Dollar turns to follow US equities

Investors see signs of a shift in forex markets

Feb 28, 2013

US budget battle limits GDP growth

Revised figures show a rise of 0.1%

Feb 27, 2013

US spending cut fears hit aircraft orders

Boeing reports orders for two aircraft in January, down from 183 in December

From COMPANIES Feb 27, 2013

Target set to open 24 stores in Canada

Retailer plans to to invest further $1.5bn in expansion plans

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