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Tim Devaney

tdevaney@washingtontimes.com

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

Articles by Tim Devaney

"An agreement is within our grasp," says Jose Maria Aznar, a former president of Spain, on chances of a U.S.-EU trade agreement. (associated press)

U.S. and EU see opening for free-trade pact

Trade officials on both sides of the Atlantic say there is a short "political window" to negotiate a free-trade agreement between the United States and European Union.

May 5, 2013
** FILE ** This Jan. 10, 2012, file photo shows Hostess Twinkies in New York. Twinkies first came onto the scene in 1930 and contained real fruit until rationing during World War II led to the vanilla cream Twinkie. (AP Photo/Mark Lennihan, file)

Return of Twinkies near

Emerging from a near-death experience with bankruptcy, Twinkies could be back on the shelves just in time for summer.

April 29, 2013

Report: Rebounding job market showing steady improvement

The job market continued to show steady improvement in the latest government report released Thursday. The number of Americans filing for unemployment benefits fell by 16,000 workers to the second lowest level in more than five years during the week that ended April 20, according to the U.S. Department of Labor.

April 25, 2013
** FILE ** President Obama gestures during a visit to the University of Hartford, in Hartford, Conn., Monday, April 8, 2013. (AP Photo/Charles Krupa)

Obama tries again with National Labor Relations Board

President Obama made waves Tuesday by nominating three candidates to the National Labor Relations Board, even as the board's authority is being questioned by the courts and Republicans plot to shut it down.

April 9, 2013
Mary Jo White, President Obama's pick to head the Securities and Exchange Commission, testifies on March 12, 2013, at her confirmation hearing in front of the U.S. Senate Banking, Housing and Urban Affairs Committee on Capitol Hill. (Andrew Harnik/The Washington Times)

Mary Jo White confirmed as head of Securities and Exchange Commission

The Senate on Monday unanimously confirmed President Obama's appointment of Mary Jo White to lead the Securities and Exchange Commission, even as Republicans continue to reject Richard Cordray, who was nominated at the same time to head another financial watchdog agency.

April 8, 2013
**FILE** President Obama discusses defense strategic guidance at the Pentagon in Washington on Jan. 5, 2012. (Associated Press)

White House asks GOP for compromise on budget deal

The Obama administration said Sunday that it is searching for rank-and-file Republicans willing to work with the president on a budget deal who "don't think compromise is a dirty word."

April 7, 2013
**FILE** Fannie Mae's headquarters are seen in Washington on Aug. 8, 2011. (Associated Press)

Rebounding Fannie Mae posts record profit in 2012

Fannie Mae, the mortgage finance giant that was bailed out by the federal government five years ago, posted in 2012 its first annual profit since before the housing crisis and the largest in company history.

April 2, 2013
** FILE ** A foreclosure sign sits outside a home for sale in Phoenix, Tuesday, Feb. 17, 2009. (AP Photo/Ross D. Franklin)

Failure to foreclose holds back real estate rebound

Policies to protect struggling homeowners from foreclosure in the District of Columbia, Maryland and other jurisdictions have offered "fool's gold," in the words of one top analyst, and they are holding back a real estate rebound, even as the U.S. housing market begins to roar, or at least growl, across the country.

March 28, 2013