January | featured news

Consumer prices rose less than expected in January while prices excluding food and energy actually fell, something that hasn't happened in more than a quarter-century.

The federal deficit through the first four months of the budget year is running at a record-breaking pace even though the deficit in January was slightly smaller than expected.

Hopes that the economy can sustain its recovery drew support Wednesday from news that industrial ouput rose for a seventh straight month and home construction hit a six-month peak in January....

Retail sales posted a better-than-expected increase in January, a welcome development that could mean stronger economic growth in coming months.

The nation's unemployment rate tumbled unexpectedly to 9.7% in January, first time it's fallen below double digits since September, the Bureau of Labor Statistics reported Friday.

Sales increase 3.3% over a year earlier in a usually slow month. Notably, beleaguered Abercrombie & Fitch posts an 8% increase.

The economy's service sector grew in January for the first time since September while the pace of job losses moderated, a private trade group said Wednesday.

California will bar restaurants from cooking with trans fat beginning New Year's Day, becoming the first state to crack down on the substance tied to clogged arteries, strokes and coronary heart disease.

The ban is hailed by supporters as a way to protect diners who routinely have not been aware of consuming trans fat at some restaurants because they don't see the meals cooked or the ingredients used.

Paul G. Kirk Jr., the former chairman of the Democratic National Committee, will replace the late Ted Kennedy in the Senate until a special election is held in January, sources told FOX News.