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Fed Minutes Signal Officials Ready to Raise Rates Again Soon

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Federal Reserve officials expected at their meeting this month that it would "soon be appropriate" to raise rates, according to minutes of the gathering, a signal the central bank could lift its benchmark rate in June.

GOP Lawmaker Drops Debit-Card Provision From Choice Act

The Republican author of a bill to roll back Obama-era financial regulations has agreed to remove a controversial provision concerning debit-card swipe fees that had divided GOP lawmakers and threatened to derail passage of the sweeping legislation next month.

GOP Bill Has 23 Million Uninsured, Fewer Than Earlier Plan, but Won't Cut Deficit as Much, CBO Says

A health overhaul bill approved by the House would leave 23 million more people uninsured while reducing the federal deficit by $119 billion in the next decade compared with current law, according to a new estimate from the nonpartisan Congressional Budget Office.

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Mnuchin Wants Debt-Limit Increase With No Conditions

Trump administration officials, testifying on Capitol Hill Wednesday on their 10-year budget plans, pointed to a more pressing fiscal problem: They could run out of room to pay the government's bills within the next few months.

Foreign Central Banks Scooping Up Treasurys

Foreign central banks are buying U.S. government bonds again after paring their holdings in 2016, and China has been the biggest buyer.

Venture Funds Flood Startups With Cash

Investments in first quarter rose 37% from the previous period, to $14.5 billion. Social Finance pulled in $500 million.

U.S. Charges Four With Trading Insider Tips

Federal prosecutors accused a government official of passing secret policy tips through a Washington consultant to two hedge-fund traders who allegedly profited on health-care stocks. All four have been charged with insider trading.

Mexico's Foreign Direct Investment Up in First Quarter

Mexico received a record amount of foreign direct investment in the first quarter of the year, defying fears the administration of U.S. President Trump would discourage companies from risking capital south of the border.

Moody's Serves Warning to China

China's first downgrade by Moody's Investor's Service since 1989 was a direct warning to Beijing that its growth model isn't working and an illustration of the disconnect between the view inside and outside China of its economic management.

Home Sales Slip amid Housing Shortage

Home sales declined in April, a tepid start to a spring selling season marked by a dearth of homes available for purchase.

(END) Dow Jones Newswires

May 24, 2017 21:15 ET (01:15 GMT)