NEW YORK, N.Y. - Municipal bonds are getting another chance.
Money is flowing once again into muni-bond mutual funds, a turnaround from last year's exodus. So far, investors have been rewarded for renewing their interest, but managers caution that several challenges remain.
WASHINGTON - Republicans are dismissing President Barack Obama's new $3.9 trillion budget as nothing more than a Democratic manifesto for this year's congressional campaigns, but the fiscal plan is taking hits from another quarter too — anti-deficit groups.
DETROIT - President Barack Obama has failed to put money in his federal budget proposal for a customs plaza on the Detroit side of a planned $3.5-billion bridge between the U.S. city and Canada.
Obama sent his $3.9-trillion fiscal 2015 budget to Congress on Tuesday, but it doesn't include the $250 million cost of a border inspection plaza.
The plaza is a vital part of the planned New International Trade Crossing to link Detroit and Windsor, Ont.
WASHINGTON - President Barack Obama is unwrapping a nearly $4 trillion budget that gives Democrats an election-year playbook for fortifying the economy and bolstering Americans' incomes. It also underscores how pressure has faded to launch bold, new attacks on federal deficits.
TOKYO - Japanese Prime Minister Yoshihiko Noda replaced five members of his Cabinet on Friday in a bid to win more co-operation from the opposition to raise the sales tax and rein in the country's bulging fiscal deficit.
Two of the removed ministers had been censured by the opposition for making comments that were deemed inappropriate. Twelve posts were unchanged, including finance and foreign minister.