The US supercommittee's failure to agree a debt reduction plan means the country faces a second rating downgrade by the year end, an economist has warned.
The Federal Reserve plans to stress test six major US banks against market shocks, as part of an annual review of bank health.
A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's under pressure mortgage market.
This has not been a good year for President Obama. His opinion poll ratings have fallen as worries about entrenched unemployment have risen.
The Securities and Exchange Commission (SEC) has approved rules making it harder for overseas firms to list in the US via mergers with shell companies - a move advocated by Fidelity's Anthony Bolton earlier this year.
Neptune US Income fund manager targets yield of 3.5%-4% per annum.
Manager maintains ‘reasonably upbeat' stance on long-term prospects for US consumers, as housing market shows signs of bottoming out.