Text of the Federal Reserve's statement Thursday

WASHINGTON | Below is the statement the Fed released Thursday after its policy meeting:

Wrigley renovation plans stalled by political flap

CHICAGO | As the baseball season began, Chicago buzzed about plans to upgrade wilting Wrigley Field. Then word spread that the patriarch of the family that owns the Cubs considered bankrolling a $10 million racially tinged campaign against President Barack Obama, at the same time the team so…

Romney response to Supreme Court on health care

Republican presidential candidate Mitt Romney's response to Thursday's Supreme Court decision to uphold President Barack Obama health care law, as transcribed by Roll Call:

US debt: money managers' least favorite investment

Ask the people who invest billions for a living to name their favorite picks for 2012 and you'll get Brazilian stocks, U.S. junk bonds, and government debt from Colombia. Ask them what they dislike: U.S. government bonds.

Gridlock on deficit panel looms over stock rally

Like the sequel of a blockbuster horror movie, the debt ceiling may strike again: A gridlocked bipartisan congressional committee must find a way to agree on a deficit reduction plan by Nov. 23rd.

Excerpts from recent Indiana editorials

Vouchers' critics lose first round

Shoppers lift U.S. economy, if they keep spending

Consumers spent more on cars, furniture, electronics and other goods in July, and more in May and June than previously thought. If it keeps up, the economy might rebound after growing in the first half of 2011.

A Q&A on S&P's downgrade of US debt

Standard & Poor's has taken the unprecedented step of lowering the top credit rating that the U.S. has held for nearly a century. What does a downgrade mean, and will it send interest rates higher?

Investors nervous as stock market eyes correction

The Standard & Poor's 500 index has dropped 6.8 percent since April 29. Declining just as quickly: the hopes of many investors and economists for robust growth in the second half of the year.

US stocks plunge on European debt worries

NEW YORK (AP) — Stocks plunged Monday after warnings about the finances of several European countries stoked fears that the region's debt crisis is worsening. The euro dipped briefly to its lowest level against the dollar in two months.

Fed considers tighter credit as economy improves

WASHINGTON (AP) — The Federal Reserve said last month that the economy is gradually improving and began discussing how it would reverse policies adopted during the recession that pumped billions of dollars into the economy.

Filibuster broken, jobless benefits may flow soon

WASHINGTON | Senate Democrats broke through a stubborn Republican filibuster Tuesday and pressed to restart jobless benefits for more than 2 million Americans still unable to find work in the frail national economic recovery. The Democrats were victorious by the single vote of a new senator …

Unemployment benefits extension clears hurdle

WASHINGTON | Legislation to restore unemployment benefits to millions who have been out of work for more than six months broke free of Senate Republican delaying tactics on Tuesday.