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• Campaign finance measure attracts little attention

  January 18, 2013 1:02 PM

  DENVER (AP) - Imagine a political change favored by an astounding majority of voters but mostly ignored by politicians. That's what campaign finance activists in Colorado are battling as they try to promote a constitutional amendment approved by Colorado voters last year. The campaign finance amendment passed in every Colorado... more »

• Asia stocks, euro rise as Spain banks get lifeline

  June 11, 2012 1:01 AM

  BANGKOK (AP) - Asian stocks and the euro are rising after sentiment got a boost from Spain's decision to seek a European financial lifeline for its ailing banks. Spain on Saturday asked finance ministers from the 17 countries that use the euro for money to rescue its banks, which have... more »

• Judge says auto dealers must give credit notice

  May 25, 2012 1:03 AM

  WASHINGTON (AP) - A federal judge says auto dealers who use consumers' bad credit histories to charge them more interest on car loans must tell buyers they have negative information on their credit report, even if the loan is farmed out to a bank or finance company. That ruling came... more »

• Canada to rid itself of the penny

  March 29, 2012 9:56 PM

  TORONTO (AP) - Canada has announced it is scrapping the penny. The humble one-cent piece is set to disappear from Canadian pockets, a victim of inflation. Canadian Finance Minister Jim Flaherty announced in the federal budget on Thursday that the Royal Canadian Mint will strike the last of the little... more »

• Report: Tipton, Perlmutter have potential conflict

  June 18, 2011 4:19 PM

  DENVER (AP) - A newspaper reports that two of Colorado's nine member Congressional delegation have potential conflicts between their finances and assignments in Congress. The Denver Post reports that Republican Rep. Scott Tipton owns oil and natural gas stocks and assets worth up to $755,055, including up to $130,000... more »

• Dow takes tumble

  June 1, 2011 6:08 PM

  NEW YORK (AP) - Fears that the economy is stalling sent the Dow Jones industrial average down 280 points, erasing more than a quarter of the stock market's gains for the year. A pair of reports raised new doubts about the economy's strength Wednesday. A key manufacturing index fell... more »

• Pueblo County's financial outlook good this year

  April 6, 2011 5:41 PM

  We've been reporting for months now the budget crisis facing state lawmakers, school districts and local communities. But there's at least one exception. Pueblo County is bucking the trend. Last year Pueblo County faced a $9.5 million deficit and even required staff to take 12 furlough days, but this... more »

• D11 looks to cut $12.5 million

  March 7, 2011 1:35 PM

  Colorado Springs School District 11 is bracing for an estimated $12.5 million in budget cuts for the upcoming school year. That dollar amount is based on combination of revenue shortfall from the state ($11.2 million) and increases in operating costs ($1.3 million). Board members were given a packet containing... more »

• Fed Chief says future uncertain, stocks drop

  July 21, 2010 2:49 PM

  WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke tells Congress the economic outlook remains "unusually uncertain," and the Fed is ready to take new steps to keep the recovery alive if the economy worsens. The Fed chief, in prepared testimony to the Senate Banking Committee Wednesday, says record low... more »

• Rodeo attendance booms, but not everyone feels it

  July 18, 2010 12:51 AM

  The Pikes Peak or Bust Rodeo has been a big draw this year. Over 25,000 people came through the doors this year, breaking recent attendance records. "Ticket sales are up 23.5% over the same time last year. It's a pretty exciting number." says rodeo director Mike Jorgensen. It's part of... more »

• Bankruptcy filings up 14% in 2010

  July 6, 2010 7:46 PM

  New numbers from the American Bankruptcy Institute show a 14% rise in bankruptcy filings between January and June. That's more than 770,000 new cases nationwide, and it's happening in Southern Colorado. "We were up by the end of May by 66 cases, which is a lot." explains Colorado Springs bankruptcy... more »

• Pakistan arrests 2 in Times Square bomb probe

  May 14, 2010 12:55 PM

  A senior U.S. military official says Pakistan now has at least two men in custody on suspicion of helping to finance the Times Square bombing attempt. The investigation into the May 1 attempt has widened as authorities in the U.S. and Pakistan follow the money trail. The official spoke... more »

• Pueblo charter schools facing probation

  May 12, 2010 8:28 PM

  Wednesday afternoon, the Pueblo City Schools board voted to put Cesar Chavez Academy and Dolores Huerta High on probation. The reason goes back to a state audit which criticized the school's former leaders, Lawrence and Annette Hernandez for wasting taxpayer dollars. Once the schools are served with the probation notice,... more »

• School Network audit highlights extreme spending

  May 6, 2010 1:09 PM

  Fallout continues over a critical financial audit of the Cesar Chavez School Network. For example, in one year the network spent $36,423 eating out at 165 restaurants. According to the report, nearly a third of that was spent by Dr. Lawrence Hernandez the former Chief Executive Officer, his wife... more »

• El Paso county buildings not making the grade

  March 29, 2010 11:49 PM

  The latest financial report from El Paso county shows the county did slightly better than expected on the operational side of things. But when it comes to some aging buildings, the news isn't as positive. "Anytime we try to do anything proactive it could cost us a lot more money... more »

• 34 percent of Colorado banks lost money in 2009

  March 8, 2010 9:52 AM

  Federal records show that more than a third of Colorado's banks lost money last year, outpacing results nationally. According to data posted by the Federal Deposit Insurance Corp., 46 of the state's 135 banks failed to make a profit, or 34 percent, compared with 29 percent of institutions nationwide. Fifteen... more »

• Obama sets conference on future of space program

  March 7, 2010 11:49 AM

  President Barack Obama plans to host a conference in Florida next month on his administration's approach to the next step in space exploration. The White House says Obama and top officials as well as leaders in space will discuss the future of U.S. efforts in human space flight. Details of... more »

• Consumer confidence falls sharply

  February 23, 2010 10:59 AM

  A monthly poll shows consumers' confidence took a surprisingly sharp fall in February amid rising job worries. The decline ends three straight months of improvement and raises concerns about the economic recovery. The Conference Board says its Consumer Confidence Index fell almost 11 points to 46 in February, down from... more »

• Colorado bill would cap fees on payday loans

  February 22, 2010 10:30 AM

  State Rep. Mark Ferrandino and Sen. Chris Romer are announcing legislation targeting payday loans. Consumers taking out payday loans give the lender a postdated check for the amount of the loan plus a fee. The lender holds the check for about two weeks, when the money is repaid or the... more »

• Sen. Bennet pushes disclosure on election spending

  February 13, 2010 9:17 AM

  Sen. Michael Bennet is co-sponsoring a bill intended to counter the recent Supreme Court ruling that allows companies and unions to spend freely on ads for political candidates. The Colorado Democrat says the bill would require company CEOs to say on camera that they approve the message, like candidates have... more »

• Regulators expand oversight of smart-grid project

  February 8, 2010 11:38 AM

  State regulators are getting more involved in Xcel Energy's smart-grid project in Boulder as the utility has started charging customers statewide to cover some of the costs. The Colorado Public Utilities Commission has decided that Xcel Energy needs to seek more approval of the project, which is modernizing the electric... more »

• Gates pitches $768.2B defense budget to Congress

  February 2, 2010 12:19 PM

  Defense Secretary Robert Gates is urging Congress to approve the Obama administration's $768.2 billion Pentagon budget request, saying America needs "a broad portfolio of military capabilities." Gates joined Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, in outlining fiscal 2011 budget proposals to the Senate Armed Services Committee.... more »

• Senate backs pension overhaul

  February 1, 2010 12:55 PM

  Colorado is moving to become the first state to cut retiree benefits to prevent its pension system from going broke. The state Senate voted 25-10 on Monday to back a proposal to overhaul the Public Employees Retirement Association. It now moves to the House. Backers say the bill is needed... more »

• Watchdog: Bailouts created more risk in system

  January 31, 2010 11:48 AM

  An independent government watchdog is warning that the response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future. Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP, says the problems that led to the... more »

• Colorado governor to announce more budget cuts

  January 27, 2010 11:44 AM

  Colorado Gov. Bill Ritter is going to reveal details of his $50 million plan to re-balance the current fiscal year state budget. Todd Saliman, the governor's budget director, says the cuts are needed because of higher-than-expected Medicaid caseload growth and previous cuts that Ritter backed away from. Those include $4.5... more »

• Obama lashes out at campaign finance ruling

  January 23, 2010 12:42 PM

  President Barack Obama on Saturday sharply criticized a Supreme Court decision easing limits on campaign spending by corporations and labor unions, saying he couldn't "think of anything more devastating to the public interest." He also suggested the ruling could jeopardize his domestic agenda. In its 5-4 decision this week,... more »

• Council to Hear About Future Budget Issues

  January 10, 2010 11:35 PM

  It's no secret to anyone living in Colorado Springs. The city has a major budget issue. Monday will bring more of those issues for the future into light. "It's a full time crisis and we need to act like it's a crisis starting now." says Councilman Sean Paige, "We need... more »

• Senate committee approves health overhaul bill

  October 13, 2009 3:05 PM

  A pivotal Senate committee has approved a sweeping remake of the country's health care system, delivering a long-sought boost to President Barack Obama's goal of expanding coverage. The 14-9 vote in the Senate Finance Committee sets up a historic debate on the Senate floor and moves health care overhaul closer... more »

• Obama's mortgage relief program gaining traction

  September 9, 2009 11:27 AM

  The Obama administration's mortgage relief program is finally gaining traction. Nearly one in five eligible homeowners have been offered help so far, a government report says. The plan, launched with great fanfare in March, had been slow to get going, but more than 571,000 loan modification offers, or 19 percent,... more »

• EBay Skype to sell stake in Skype

  September 1, 2009 10:28 AM

  EBay Inc. says it has reached a deal to sell most of its stake in Skype in a deal it says values the online telecommunications service at $2.75 billion. San Jose, Calif.-based eBay says it will get $1.9 billion icash and a $125 million note from the buyer. An investment... more »