Coalition of business groups urges Congress to cut spending, rather than raise taxes.

Catastrophe modeler Eqecat doubles its estimate of insured losses to up to $20 bln, says total damage could hit $50 bln.

Catastrophe modeler Eqecat doubles its estimate of insured losses to up to $20 bln, says total damage could hit $50 bln.

Weather-related shutdown suggests markets infrastructure still too concentrated in New York area.