Content Tagged As economic_recovery

3 years 6 months ago

Tax cheats among recipients of stimulus money

WASHINGTON (AP) - Thousands of companies that cashed in on President Barack Obama's economic stimulus package owed the government millions in unpaid taxes, congressional investigators have found. The General Accounting Office report is to be released Tuesday. It says at least 3,700 government contractors and nonprofit organizations that received...

4 years 9 months ago

Bernanke voices economic concerns as he's sworn in

Federal Reserve Chairman Ben Bernanke expressed concerns Wednesday about the economic recovery during a ceremonial swearing-in for another four-year term. In brief remarks to staffers, Bernanke said that while the economy is growing, "far too many people remain unemployed, foreclosures continue at record rates and bank credit continues to...

5 years 2 months ago

Home sales drop 2.7 percent

Home resales dipped last month after a four-month streak of gains, providing evidence that the housing market recovery remains fragile. The National Association of Realtors says sales dropped 2.7 percent to a seasonally adjusted annual rate of 5.1 million in August, from a pace of 5.24 million in July. Sales...

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