Financial Crisis

SBA head sees businesses held back by lack of loans, workers

Aug 16, 2017

Six months into her tenure, SBA head sees businesses as optimistic but held back by lack of loans, workers

Top Fed official tells AP: Bond portfolio could shrink soon

Aug 14, 2017

NY Fed President Dudley indicates Fed will likely begin shrinking its bond portfolio soon

VP Pence says US won't stand by as Venezuela 'crumbles'

Aug 14, 2017

Vice President Mike Pence is meeting with families who fled Venezuela amid the country's economic collapse, and says they've have told him "heartbreaking" stories of their struggle for food.

The Latest: Venezuela body sets October date for elections

Aug 12, 2017

Venezuela's newly installed constitutional assembly has decided to push up gubernatorial elections by two months to October, though many in the opposition see it as a false promise unlikely to ever materialize

Venezuela's Maduro: 'Mr. Donald Trump, here is my hand'

Aug 11, 2017

Venezuelan leader Nicolas Maduro says he wants a meeting with U.S. President Donald Trump - the same man he routinely ridicules as a crass imperial magnate.

Credit Suisse bans trading of Venezuelan bonds

Aug 10, 2017

Credit Suisse is banning the trading and use of Venezuelan bonds, as the constitutional crisis in the South American country continues to escalate

Puerto Rico sees 11 percent drop in school enrollment

Aug 10, 2017

Puerto Rico's education secretary says enrollment at the U.S. territory's public schools so far has dropped by 11 percent compared with the previous year

Zimbabwe to spend $1 billion on university honoring Mugabe

Aug 9, 2017

Zimbabwe to spend $1 billion on university honoring Mugabe; one-quarter of country's budget

Puerto Rico gov pursues economic development via new laws

Aug 8, 2017

Puerto Rico's governor has signed a flurry of new laws to help boost economic development on an island entering its 11th year of recession

Puerto Rico hit with 2 lawsuits challenging board's power

Aug 7, 2017

Puerto Rico has been hit with two lawsuits that for the first time challenge the constitutionality of a federal control board overseeing the island's finances and its power to start a bankruptcy-like court process for some of the U.S. territory's debts