IBT Staff Reporter

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Obama, Congress struggle to break budget impasse

President Barack Obama and congressional leaders failed to reach a deal to avert a government shutdown but narrowed their differences on Thursday in their struggle to overcome a bitter budget deadlock.

IAEA's live update on Fukushima nuclear plant after April 7 earthquake

The IAEA confirms that an earthquake occurred in Japan at 14:32 UTC 7 April. The IAEA International Seismic Safety Centre has rated it as a 7.1 magnitude, revised from an initial 7.4 magnitude. The epicenter of the earthquake was 20 km from the Onagawa nuclear power plant and approximately 120 km from the Fukushima Daiichi and Daini nuclear power plants.

Latest video of April 7 Japan earthquake

A 7.4-magnitude earthquake hit Japan at 11:32 p.m. local time on Thursday in the same area as the initial March 11 9.0-magnitude earthquake killing two people and injuring more than 100in the northeastern Japan

Obama, Congress push for final budget deal

President Barack Obama and congressional leaders struggled on Thursday to overcome a bitter budget dispute and head off a government shutdown that would idle hundreds of thousands of workers.

Jobless claims fall, retail sales stronger

New claims for jobless benefits fell last week and retailers racked up much stronger-than-expected sales in March, signs that high fuel prices have not knocked the economy off its growth path.

House passes stopgap bill

The Republican-led U.S. House of Representatives on Thursday defied a White House veto threat and passed a bill by a vote of 247 to 181 that would keep the government running for another week -- on the condition of $12 billion in spending cuts.

Congress pushes for final budget deal

With time running out, an ideological fight in the Congress over abortion and environmental issues threatened on Thursday to derail an agreement to avert a government shutdown.

JPMorgan's Dimon got $20.8 million in 2010

Jamie Dimon, Chief Executive Officer of the second-largest U.S. bank by assets, saw his total compensation rise to $20.8 million in 2010, according to a regulatory filing by JPMorgan Chase & Co .

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