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Tim Devaney

Tim Devaney was a national reporter who covered business and international trade for The Washington Times.

Articles by Tim Devaney

Transportation Secretary Raymond LaHood listens at left as Boeing Commercial Airplanes President Ray Conner speaks during a news conference at the Transportation Department in Washington, Friday, Jan. 11, 2013, to discuss a comprehensive review of Boeing 787 critical systems, including the design, manufacture and assembly. The Federal Aviation Administration (FAA) on Friday launched a comprehensive review of the critical systems of Boeing's 787, the aircraft maker's newest and most technologically advanced plane, after a fire and a fuel leak earlier this week. (AP Photo/Susan Walsh)

Leaks, fire make debut bumpy one for new 787

Boeing has hit a rough patch with its once heralded Dreamliner 787 series that continues to attract unwanted attention, but it's nothing that will ground the company in the long run, analysts say. Published January 14, 2013

Chamber of Commerce President and CEO Tom Donohue, shown last year with Japanese Prime Minister Yoshihiko Noda, said that regulatory burdens and the recent "fiscal cliff" tax increases are among the biggest issues that are discouraging job creation. (Associated Press)

Chamber sees no recession in 2013

The U.S. economy will avoid recession in 2013, the chief of America's leading business lobby said Thursday, but won't grow fast enough to make a big dent in the nation's still sizable jobless rate. Published January 10, 2013

**FILE** Health workers protest outside a hospital in Pamplona, Spain, on Jan. 8, 2013, against austerity measures. Spain Treasury says it plans to borrow some euro 230 billion ($300 billion) in 2013, down from euro 250 billion last year, and expects a more relaxed year in interest rates compared to 2012 when it came close to seeking a sovereign bailout. (Associated Press)

Economist: Too much belt-tightening risky for global economy

The world's major economies are in a dangerous race to impose austerity policies that could spill over into another global recession, the new head of one of Washington's most influential think tanks on the economy warned Wednesday. Published January 9, 2013

** FILE ** In this Wednesday, Dec. 12 2012, photo, Taneshia Wright, of Manhattan, fills out a job application during a job fair in New York. (AP Photo/Mary Altaffer)

Big worries linger for 
many small businesses

The fiscal cliff put a choke hold on the economy in December, according to a survey of business confidence, and many small companies expect it to get worse in the foreseeable future. Published January 8, 2013

** FILE ** Bank of America. (Associated Press)

Housing lenders to pay billions for blowing bubble

The U.S. banking industry suffered two big hits Monday stemming from the collapse of the housing bubble, with 10 banks and mortgage lenders agreeing to pay $8.5 billion in a settlement with federal regulators, while Charlotte, N.C.-based Bank of America agreed to a separate settlement with Fannie Mae over bad housing loans that its controversial lending subsidiary sold to the federal housing finance giant. Published January 7, 2013

**FILE** Rep. John Kline, Minnesota Republican (Associated Press)

OMB report: ‘No regulatory tsunami’ on way

The Obama administration is pushing back against critics who have accused the president of unleashing a "regulatory tsunami" against the business community. Published December 26, 2012

General Motors CEO Daniel Akerson is photographed in front of the New York Stock Exchange for the company’s post-bankruptcy initial public offering in November 2010. GM will buy back 200 million government-owned shares as Treasury begins to divest itself of GM stock. GM is paying more than the stock’s market value but less than Treasury paid. (Associated Press)

GM set to buy back bailout stock

General Motors moved Wednesday to shed its "Government Motors" nickname, buying back a chunk of its stock from the federal government as the Treasury Department announced plans to eliminate its losses in the company's stock by early 2014. Published December 19, 2012

Environmental Protection Agency Administrator Lisa P. Jackson gives an interview to The Associated Press at the agency's headquarters in Washington on Tuesday, April 17, 2012. (Associated Press)

EPA inspector general looking into alias email accounts

The Environmental Protection Agency's inspector general announced Monday his office will review whether officials relied on fake email accounts to conceal their identities and divert attention away from the Obama administration. Published December 17, 2012

Central banks to miss accord deadline

Global policymakers insist that the Federal Reserve's failure to implement new banking rules on time is nothing to worry about, but critics of the international plan to strengthen the financial system say this is evidence it's falling apart. Published December 13, 2012

U.S. Army Staff Sgt. Ricardo Hamer, right, and his coworker U.S. Army civilian Rekisha White, second from right, talks with Washington, D.C. Area Chapter Director Karen Francis with Blue Star Families, a nonprofit that supports, connects, and empowers military families, at the U.S. Chamber of Commerce's Hiring Our Heroes hiring fair at Nationals Park in Washington on Dec. 5, 2012. While Hamer and White were at the fair to get information on joining the job hirers next time for the Army Core of Engineers, Hamer was also there to look for employment ideas for his wife. (Andrew Harnik/The Washington Times)

Vets’ tough new mission: Find a job

Army reservist Ryan Nelson has been to more than 20 job fairs in the past few months, hoping to get stable employment, but he is finding it difficult to make the transition from a military career to civilian work. Published December 6, 2012

Homebuyers warm to online lenders

As a mortgage banker for Quicken Loans, James Bjorlie wants his customers to know they can reach him anytime. He takes their calls at all hours — day or night. He once even took a call from a client during his brother's wedding. Published December 4, 2012

Report: LivingSocial plans layoffs

In another sign of the troubles faced by once-hot Internet daily deal sites, Washington-based LivingSocial could be the latest such company to announce layoffs. The company is planning to layoff as many as 400 workers, according to a report from The Washington Business Journal Wednesday. Published November 28, 2012

Associated Press Iowa GOP Gov. Terry Branstad wrote an editorial in The Hill arguing that killing subsidies for wind power would leave it as “the only energy source without federal tax support.”

Battle for wind subsidies looming

With a year-end deadline looming, critics of federal subsidies for wind power are stepping up their arguments that taxpayer support for the industry is economically unsustainable while making it difficult for other, more viable energy sources to compete. Published November 27, 2012