February 2013 Headlines

Founder: Subway Wouldn't Exist In Today's Climate

The founder of the Subway restaurant chain said he couldn't start the company today because there are too many government regulations.

Dow Nears New Record Despite Sequester

Concerns about the sequester aren't bothering Wall Street, with the Dow Jones industrial average coming within 60 points of its all-time high Wednesday.

Bernanke Urges Congress to Avoid Automatic Cuts

Federal Reserve Chairman Ben Bernanke urged Congress to replace the automatic spending cuts set to kick in Friday with gradual reductions in the short run.

Threat of Italian Vote Stalemate Spooks Investors

Political turmoil in Italy is sparking fears among global investors.

Biblical Economics Key to Real Reformation

Christian author and teacher R.C. Sproul, Jr. says it's time to return to the basics when it comes to economics, and the Bible is the place to start.

Business, Labor Groups Cut Immigration Reform Deal

Business and labor groups have announced an agreement on a key part of an immigration reform deal.

Jobless Rate for Young Vets Remains High

More than 20 percent of veterans between the ages of 18-24 are out of work and the numbers for those 25-34 are also in the double-digits.

Gas Prices Hit Four-Month High, No End in Sight

Gas prices are at a four-month high after rising for 32 straight days. The national average for a gallon of regular gas is now $3.73 - 43 cents more than a month ago.

Perry Tells Calif. Businesses: Come Check Out Texas!

Texas Gov. Rick Perry urged California business owners this week to flee high taxes for the Lone Star State. Now California's governor is firing back.

Postal Service Says Goodbye to Saturday Mail

The U.S. Postal Service announced it plans to stop Saturday mail delivery to help trim costs. The new plan would mean a cost savings of about $2 billion a year.

CBO: Millions to Lose Insurance Under Obamacare

A new bipartisan report says millions of people will lose their employer-based health insurance coverage under President Obama's healthcare law.

Gas Prices See Biggest Spike in Two Years

The price of gasoline has spiked in just the last week. It's up 18 cents to $3.54 a gallon, the biggest weekly increase in two years.

Justice Dept. Sues S&P over Bogus Bond Ratings

The U.S. Justice Department is suing Standard & Poor's Ratings Service, accusing the financial services company of helping to cause the mortgage crisis.