The job reductions are part of a broader plan to lower costs at the bank.

There is, in theory, a tax- and cut-free solution to our debt troubles: get the economy growing the way it used to.

The Senate delayed a crucial vote on the Democratic debt ceiling bill until 1 p.m. Sunday amid growing indications that a compromise is in the works that will avert a federal default on Tuesday.

Speaker John A. Boehner and Senator Mitch McConnell announced that they had reopened fiscal talks with the White House, only to have Senator Harry Reid quickly dismiss the notion of an imminent deal.

Speaker John A. Boehner and Senator Mitch McConnell announced that they had reopened fiscal talks with the White House, only to have Senator Harry Reid quickly dismiss the notion of an imminent deal.

Senator Mitch McConnell and Speaker John A. Boehner pledged the G.O.P. was “fully engaged” in reaching an agreement with the White House, but the path forward remained unclear.

Last-minute phone calls, a group missive, a flood of research reports to Congress — Wall Street is sweating over what could happen if the debt ceiling isn’t raised.

Senator Mitch McConnell and Speaker John A. Boehner pledged the G.O.P. was “fully engaged” in reaching an agreement with the White House, but the path forward remained unclear.

A combative and unyielding tone in both chambers of Congress deepened pessimism about the prospects for a final agreement.

The mood in the nation’s capital was described variously as one of doom, disgust and disbelief.

Mr. Stein was a former chief of the Dreyfus Corporation who, as one of the fathers of the mutual fund industry, introduced innovations like the first money market fund with no initial fee.

To take on Google in the search war, Microsoft envisions making its Bing an intelligent “decision engine.” And it is spending billions of dollars a year to do so.

Despite the economic problems of individual nations, Europe can still offer rewards for careful stock investors, analysts say.

An executive found inspiration about inventory tracking while working in his parents’ vending machine business.

A how-to guide to co-working — the new workplace trend in which you work independently but share space.

Despite criticism from the right and the left, Ben Bernanke has done an admirable job of keeping inflation where the Fed wants it.

“The difference between a good team and a great team is usually mind-set,” says Peter Löscher, C.E.O. of Siemens.

There is, in theory, a happy solution to our debt troubles, with no new taxes or cuts to programs: just get the economy growing the way it used to.