MyFxCentral Team

MyFxCentral Team

Website URL: E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

WASHINGTON (AP) — Are Republican lawmakers deliberately stalling the economic recovery to hurt President Barack Obama's re-election chances? Some top Democrats say yes, pointing to GOP stances on the debt limit and other issues that they claim are causing unnecessary economic anxiety and retarding growth.

The latest Democratic complaint came after House Speaker John Boehner said Tuesday that when Congress raises the nation's borrowing cap in early 2013, he will again insist on big spending cuts to offset the increase. Boehner, R-Ohio, continues to reject higher tax rates, which Democrats demand from the wealthy.

That led Sen. Chuck Schumer, D-N.Y., to say

DETROIT (AP) — Chrysler is recalling nearly 87,000 Jeep Wranglers in the U.S., Canada and elsewhere due to a risk of fires.

U.S. safety regulators say the recall affects only Wranglers from the 2010 model year with automatic transmissions.

Debris can get caught between a transmission plate and the catalytic converter, causing a fire.

Chrysler will fix the problem free of charge by replacing the plate with a bar so debris doesn't get trapped.

The company knows of at least 14 complaints of fires caused by the problem. Chrysler says it doesn't know of any injuries.

The 2010 Wranglers affected by the recall were built before July 14, 2010.

The National Highway Traffic Safety Administration checked Wranglers from other model years and found no problems.

WASHINGTON (AP) — President Barack Obama says the big trading loss at JPMorgan Chase shows the need to finally put in place banking rules he signed into law two years ago. He also is calling on Congress to stop trying to weaken the regulations.

The $2 billion loss has renewed calls by Democratic lawmakers for tougher rules on major financial institutions.

"Without Wall Street reform, we could have found ourselves with the taxpayers once again on the hook for Wall Street's mistakes," Obama said in his weekly media address Saturday. He added: "We've got to finish the job of implementing this reform

BERLIN (AP) — At least 20,000 people held a major rally of the local Occupy movement in Frankfurt on Saturday to decry austerity measures affecting much of Europe, the dominance of banks, and what they call untamed capitalism.

The protesters peacefully filled the city center of continental Europe's biggest financial hub on a warm and pleasant afternoon, said Frankfurt police spokesman Ruediger Regis. He said 20,000 people were there, while organizers put the number at 25,000.

The protest group, named Blockupy, has called for blocking access to the European Central Bank, which is located in Frankfurt's business district.

Organizer spokesman Roland

CAMP DAVID, Md. (AP) — The United States and other members of the Group of Eight industrial nations agree that Europe's financial crisis must be addressed with a mix of growth and austerity measures, President Barack Obama said Saturday as leaders gathered for a shirt-sleeve discussion that also will cover world concerns about ups and downs in oil prices.

"All of us are absolutely committed to making sure that growth and stability and fiscal consolidation are part of an overall package," Obama said as he and other leaders gathered in a rustic cabin at this wooded presidential retreat.

Obama was referring to

JPAGE_CURRENT_OF_TOTAL