Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

WASHINGTON  — The press called it an early Christmas present for President Woodrow Wilson: On Dec. 23, 1913, Congress passed legislation creating the Federal Reserve. Hours later, Wilson signed the Federal Reserve Act into law. No one at the White ...

Tagged with: Ben Bernanke

WASHINGTON — The U.S. economy grew at a solid 4.1 percent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously believed. Much of the upward revision came from stronger consumer spending. The ...

Tagged with: Commerce Department U.S. economy

WASHINGTON  — Janet Yellen said Thursday that the U.S. economy has regained ground lost to Great Recession but still needs the Federal Reserve’s support because unemployment remains too high at 7.3 percent. Yellen made those comments in testimony to the ...

Tagged with: Ben Bernanke Great Recession Janet Yellen unemployment

DALLAS  — American Airlines, US Airways and the U.S. Justice Department say that they have agreed on a mediator to try to settle the government’s lawsuit against the airlines’ proposed merger. But if they can’t settle, the sides are preparing ...

Tagged with: american Airlines merger U.S. Justice Department US Airways