17
votes
submitted by agabriel 23 months ago, from reuters.com
The measure, approved by a vote of 62 to 36, now heads to the House of Representatives, where many Democrats have pushed for more aggressive job-creation measures in the face of the worst U.S. economic downturn since the 1930s. Democrats say job creation is their top priority this year as they... More
15
votes
submitted by trippie48 34 months ago, from uk.reuters.com
President Barack Obama plans to crack down on deceptive credit-card industry practices that have saddled U.S. consumers with huge debts and soaring interest rates, U.S. officials said on Sunday. Top White House economic adviser Lawrence Summers said Obama would be "very focused in the very near... More
19
votes
submitted by rodeox 34 months ago, from reuters.com
A review of defense programs produced every four years could bring big changes in the Pentagon's fiscal 2011 budget, beyond the sweeping overhaul already unveiled for 2010, U.S. Defense Secretary Robert Gates said on Wednesday. More
18
votes
submitted by chiasma 34 months ago, from uk.reuters.com
The Obama administration is drawing up plans to disclose the financial condition of the 19 biggest banks in the country, the New York Times said, citing senior administration officials. The administration has decided to reveal some sensitive details of the "stress tests" now being completed after... More
14
votes
submitted by agabriel 34 months ago, from reuters.com
North Korea said on Tuesday it was no longer bound by an international nuclear disarmament deal and would re-start its plant that makes arms-grade plutonium after the U.N. chastised it for launching a long-range rocket. More
13
votes
submitted by chiasma 34 months ago, from reuters.com
U.S. Secretary of State Hillary Clinton said on Monday the Obama administration had dropped "war on terror" from its lexicon, rhetoric former President George W. Bush used to justify many of his actions. More
21
votes
submitted by rodeox 35 months ago, from reuters.com
Some top employees of American International Group Inc's Financial Products group have agreed to return retention bonuses after mounting public outrage over the $165 million payout, the Wall Street Journal said. Among them was Douglas Poling, who received the richest payment of more than $6.4 mil.. More
21
votes
submitted by eooties 35 months ago, from reuters.com
American International Group Inc, rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be the biggest loss in a quarter in corporate history. More
20
votes
submitted by grandie4 36 months ago, from reuters.com
The Democratic-led U.S. Senate will again try on Friday to pass a $937 billion economic stimulus package even as moderate lawmakers sought to broker a deal to trim proposed spending some criticized as too much. More
21
votes
submitted by rodeox 36 months ago, from reuters.com
Timothy Geithner won confirmation as U.S. Treasury secretary on Monday and vowed to act quickly to protect the U.S. economy from the worst financial crisis since the Great Depression. "We are at a moment of maximum challenge for our economy and our country," Geithner said as he was sworn into... More
17
votes
submitted by chiasma 37 months ago, from reuters.com
President-elect Barack Obama faces the challenge of reassuring Americans they can rebound from a time of economic peril in an inaugural address that is one of the most eagerly anticipated in modern times. Obama's speech, delivered from the steps of the U.S. Capitol moments after he is sworn into... More
15
votes
submitted by rodeox 37 months ago, from reuters.com
The U.S. budget deficit will swell to $1.186 trillion in the 2009 fiscal year that ends on Sept. 30, the Congressional Budget Office will forecast on Wednesday in a new assessment of the ailing economy, according to a government source. More
13
votes
submitted by agabriel 39 months ago, from reuters.com
President-elect Barack Obama takes his first major step toward addressing the U.S. financial crisis on Monday, presenting the team that will steer his economic policies and navigate a potentially deep recession. Obama, who takes over for President George W. Bush on Jan. 20, announces his... More
16
votes
submitted by agabriel 39 months ago, from reuters.com
Democrat Barack Obama leads Republican John McCain in six of eight key battleground states one day before the U.S. election, including the big prizes of Florida and Ohio, according to a series of Reuters/Zogby polls released on Monday. More
17
votes
submitted by eooties 39 months ago, from reuters.com
The U.S. economy suffered its sharpest contraction in seven years in the third quarter as consumers cut spending and businesses reduced investment at the onset of what may be a severe and long-lasting recession. The Commerce Department said on Friday that gross domestic product shrank at a 0.3... More
