IMF warns Europe's banking system poses threat to global financial stability

The eurozone's creaking banking system poses a serious threat to global financial stability, according to the International Monetary Fund, which warned European leaders to accelerate plans to support weak banks and create a banking union.

Lew says delays on rules may mean big bank risk

WASHINGTON (AP) — U.S. Treasury Secretary Jacob Lew says delays in writing rules to put the 2010 financial overhaul law into effect have raised the prospect that big banks could still threaten the financial system's stability.

US consumer spending up 0.2 percent in January

WASHINGTON (AP) — U.S. consumers increased spending modestly in January but cut back on major purchases that signal confidence in the economy.

Obama administration warns of impact of broad budget cut

WASHINGTON: The Obama administration is painting a dire portrait of widespread flight delays, off-limit seashores, and unprotected parks among the many ways the public will feel the effects of automatic federal spending cuts due to begin March 1.

White House targets trade secret theft with new strategy

WASHINGTON (Reuters) - The White House will tackle the theft of U.S. trade secrets on Wednesday with a new strategy to protect American companies from losing hundreds of billions of dollars in an area of growing concern in relations with China.