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The Washington Post Business and Economy section provides coverage and analysis of economic policy,business policy and financial news as it relates to Washington,D.C.,the federal government and individual agencies. Washington Post Business also offers video,discussions and blogs about major economic issues.
URL: http://www.washingtonpost.com/wp-dyn/content/business/index.html?wprss=rss_business
Updated: 5 hours 52 min ago

New York AG Cuomo recuses himself from probe of Gov. Paterson

Thu, 03/11/2010 - 9:00pm
New York Attorney General Andrew Cuomo said Thursday that he has recused himself and appointed an independent counsel to probe whether Gov. David A. Paterson illegally took World Series tickets or had improper contact with a woman who accused an aide of domestic violence.

AIG, federal czar reach deal on rest of bonus pay to be returned

Thu, 03/11/2010 - 9:00pm
American International Group has reached an agreement with the Obama administration's compensation czar to pay back the remaining money employees agreed to return last year after an uproar over bonuses at the insurance giant, according to sources with knowledge of the matter.

Hollywood Stock Exchange is a stacked deck in a casino royale

Thu, 03/11/2010 - 9:00pm
Investors learned this week of Wall Street's latest attraction -- a new "futures" market where anyone from casual moviegoers to Hollywood moguls would be able to wager on the success of upcoming movies.

Maryland's strong alcohol lobby likely to quash tax increase

Thu, 03/11/2010 - 9:00pm
In recent years, Maryland has raised its sales tax, income tax, corporate tax and cigarette tax; added a surcharge called the "millionaires' tax"; and created taxes on electronic bingo, tip jars and even water and septic systems -- the "flush tax."


Aftershocks a reality check for Chilean President Sebastián Piñera

Thu, 03/11/2010 - 9:00pm
SANTIAGO, CHILE -- Sebastián Piñera pledged during his presidential campaign to bring fiscal prudence to Chile, but moments before his inauguration Thursday, he received a jolting reminder of how last month's 8.8-magnitude earthquake has shredded that promise.

Northrop Grumman to cut 180 jobs in Maryland

Thu, 03/11/2010 - 9:00pm
Northrop Grumman said Thursday that it issued layoff notices to 180 employees at its Hagerstown, Md., maintenance and modification center.

Director says NHTSA responded properly on Toyota's problems

Thu, 03/11/2010 - 9:00pm
The chief of the nation's auto safety regulators rejected criticism on Thursday that his agency made mistakes and responded too slowly to years of complaints regarding runaway Toyotas.

Featured Advertiser

Thu, 03/11/2010 - 9:00pm

FHA challenged on projected risk to taxpayers

Thu, 03/11/2010 - 9:00pm
The Federal Housing Administration will need taxpayer money because it failed to properly project how borrowers with FHA-backed loans are affected by job losses and diminished equity in their homes, New York University professor Andrew Caplin told a House panel Thursday.


Making legal aid more accessible and affordable

Thu, 03/11/2010 - 9:00pm
It's time to make it more accessible and affordable.

GAO analyst says cost overruns, delays continue to plague F-35 program

Thu, 03/11/2010 - 9:00pm
A congressional auditor said Thursday that the Joint Strike Fighter, the Pentagon's most expensive weapons program, "continues to struggle with increased costs and slowed progress," leading to "substantial risk" that the defense contractor will not be able to build the jet on time or deliver as many...

Compromise would shield payday lenders, pawnbrokers and car dealers from oversight

Wed, 03/10/2010 - 9:00pm
Payday lenders, pawnbrokers, car dealers and other companies that make loans but do not hold bank charters would be shielded from the scrutiny of a proposed federal consumer protection regulator under the terms of a tentative compromise between senators who are attempting to craft a bipartisan bill.

Politics, shaky economy create no rush to restructure Fannie and Freddie

Wed, 03/10/2010 - 9:00pm
The federal government has spent the past half year seeking to roll back its emergency efforts at propping up the financial markets -- with the notable exception of its involvement in mortgage giants Fannie Mae and Freddie Mac.


NHTSA chief says rate of Toyota complaints was 'unremarkable'

Wed, 03/10/2010 - 9:00pm
Federal regulators have faced torrents of criticism for not moving more aggressively against Toyota during years of complaints regarding runaway cars.

Familiar hurdles for U.S. as it ramps up pressure on firms doing trade with Iran

Wed, 03/10/2010 - 9:00pm
Congress and the Obama administration are stepping up pressure on private companies to stop doing business with Iran, but their efforts are running into the same problems U.S. sanctions have encountered for three decades -- reluctance in Europe and a host of elusive trading companies eager to sell...

Ex-official David Loglisci's guilty plea advances N.Y. state pension probe

Wed, 03/10/2010 - 9:00pm
NEW YORK -- A former New York state official pleaded guilty Wednesday to a felony in connection with an alleged pay-to-play scheme involving the state's pension system, a move that legal experts said could bring the investigation closer to one of Wall Street's most prominent financiers, Steven...


February set deficit record; Google says China feud may be resolved soon

Wed, 03/10/2010 - 9:00pm
The Treasury Department said Wednesday that the government's budget deficit in February totaled $220.9 billion, the largest monthly figure yet and 14 percent higher than the previous record from February 2009. The deficit for the first five months of this budget year is $651.6 billion, 10.5 percent...

Finding solid footing as banks' overdrafts get overhauled

Wed, 03/10/2010 - 9:00pm
I've been noticing a lot of notice fatigue lately. By now, you may have become a bit overwhelmed with correspondence from your bank or credit union about mandated changes to your credit card account.

Rise in Washington area unemployment seen as good sign for economy's recovery

Wed, 03/10/2010 - 9:00pm
Unemployment rates rose in the District, Maryland and Virginia in January, a shift that economists said could be a positive sign for the economy because it suggests that discouraged job-seekers are feeling more optimistic about their prospects and have resumed looking for work.

Senate passes $140 billion in tax breaks, aid to unemployed

Wed, 03/10/2010 - 9:00pm
The Senate approved a $140 billion package of tax breaks and aid to the unemployed Wednesday, the most substantial effort by the chamber to boost the nation's economy since it passed the stimulus bill last year.