New York (CNNMoney) – Jack Lew, Obama's presumptive nominee for U.S. Treasury Secretary will face many challenges if he is confirmed - from increasing the debt ceiling to tackling budget cuts.
He may also have to change his signature.FULL STORY
New York (CNNMoney) – After initially declining an invitation to attend, Wal-Mart announced Wednesday that it will participate in a meeting with Vice President Joseph Biden's gun violence task force.
The nation's largest retailer, which had sent representatives to meet with the vice president's staff earlier this week, originally said that executives couldn't attend Biden's meeting Thursday because they were obligated to be at monthly sales meetings at its headquarters in Bentonville, Ark.FULL STORY
New York (CNNMoney) - Young adults in America have reason to like the fiscal cliff deal, but they aren't celebrating yet.
The bill, which was signed into law by President Obama on Wednesday, kept a number of tax breaks for education and low wage earners that many young adults rely on. However, the deal merely put off budget cuts that could hurt key programs like education grants and job training programs.FULL STORY
New York (CNNMoney) - The number of first-time claims for unemployment benefits fell last week, hitting its lowest level since July.
About 359,000 people filed jobless claims in the week ended Sept. 22, down 26,000 from the previous week, the Labor Department said Thursday. The number of people filing for first-time claims were unchanged in the prior week.FULL STORY