Businesses and government offices will be closed Thursday, Nov. 28 in observance of Thanksgiving Day.
City and county offices will be closed on Thanksgiving Day but police, sheriff, fire and other emergency services will remain in operation. City offices will be closed Thursday, Nov. 28, as well as county offices.
The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment rate, but expressed concern about remaining slack in the labor market. "Labor market conditions improved, with the unemployment rate declining further," the Fed said in a statement. "However, a range of labor market indicators suggests that there remains significant underutilization of labor resources."
BUENOS AIRES/NEW YORK (Reuters) - Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday. As the clocked ticked toward a midnight (0400 GMT) deadline, Economy Minister Axel Kicillof stuck firmly to the government line, repeatedly denigrating the holdouts as "vultures" after two days of intense negotiations. Argentine banks scrambled to put together a proposal to buy out the non-performing debt held by hedge funds and avert a default. It also marks a set-back to the Buenos Aires government's attempts to return to global credit markets.
The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing. Gross domestic product expanded at a 4.0 percent annual rate after shrinking at a revised 2.1 percent pace in the first quarter, the Commerce Department said on Wednesday.