lawmakers

Spain's Parliament approved the new conservative government's first austerity measures Wednesday, which aim to rein in the country's swollen deficit with euro8.9 billion ($11.5 billion) in spending cuts.

Netflix Inc. spent more money currying favor with U.S. lawmakers and regulators in the third quarter while the video subscription service's customers rebelled against a price increase.

Former NJ Governor Jon Corzine tells lawmakers he does not know where the millions of dollars missing from MF Global accounts is.

He adds that he was stunned when he heard about the missing funds.

A day after the downgrade of United States debt, American lawmakers and political leaders overseas scrambled to evaluate the move’s impact on the already troubled world economy.

Lawmakers in Washington are racing to reach a deal to save the country from defaulting on its debt, but financial players are devising doomsday plans in case the clock runs out.

President Barack Obama and top Republicans faced off over taxes and healthcare spending on Thursday in their fifth deficit meeting this week as pressure rose for Washington to raise the U.S. debt ceiling soon.

Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker.

The United States may lose its top-notch credit rating soon  if lawmakers fail to increase the country's debt ceiling, Moody's Investors Service warned Wednesday.

Aimed at changing how Wall Street does business, the Dodd-Frank Act is also peppered with little-known items on issues like so-called conflict minerals and mining safety - the pet concerns of lawmakers.

President Barack Obama says the uncertainty over whether lawmakers will raise the nation's debt limit is keeping businesses from hiring.