Al Gore Calls for Overhaul of 'Unsustainable' Capitalism
Former U.S. vice president Al Gore wants to end quarterly reporting by companies and explore issuing loyalty-driven securities as part of an overhaul of capitalism that he says has turned many of the world's largest economies into hotbeds for irresponsible short-term investment.
U.S.-Taliban Talks 'Exploratory': Afghan Envoy
The Afghan Taliban rejected on Thursday claims by President Hamid Karzai that the U.S. and Afghan governments had begun exploratory three-way talks with the Islamist group aimed at reaching a peace deal to end the 10-year Afghan war
Congress Reaches Payroll Tax Cut Extension Deal
A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders.
Core Producer Prices Rise 0.4% in January - Highest in 6 Months
Producer prices outside food and energy recorded their largest increase in six months in January, but are unlikely to ignite inflation pressures given the slack in the labor market.
Some at Fed Eye Gas Pedal, Others the Brake
Federal Reserve policymakers are turning to cars to illustrate just how split they are over what, if anything, to do about the U.S. economy, with some eying the brake pedal and others the gas.
Russia Urges 'Serious' Search for Compromise with Iran
Russia said global powers must work harder to win concessions from Iran over its nuclear program, warning that Tehran's desire for compromise is decreasing as it moves closer to being able to build atomic weapons.
World Bank's Zoellick to Step Down June 30
World Bank President Robert Zoellick said on Wednesday he plans to step down when his term ends on June 30, raising questions whether the United States will insist on holding on to a job that has always gone to an American.
Honduras Prison Fires Kills More Than 350 Inmates: Officials
A massive fire swept through an overcrowded prison in Honduras and killed more than 350 inmates, including many trapped inside their cells, officials said on Wednesday.
China to Continue to Invest in Eurozone Debt
China will continue to invest in euro zone government debt and it remains confident in the euro, the country's central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China.
Strengthen the United States: Cut Pentagon’s Budget 50%
U.S. overspending on the military has diverted resources from civilian / social investments, including public goods, weakening the U.S. economy, and, by extension, weakening the nation.
U.S. Stocks Fall on Greek Bailout Uncertainty
U.S. stocks dropped on Friday as the most recent flare-up in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak.
Obama to Try to Placate Catholics on Contraceptives: Sources
The White House will announce a move to accommodate religious organizations on its rule for health insurance coverage of contraceptives, sources familiar with the matter said on Friday.
U.S. Trade Deficit Unexpectedly Rises to $48.8 Billion in December
The trade deficit widened slightly more than expected in December, and the bilateral trade deficit with China last year soared to a record high $295.5 billion.
U.S. Presidents from Which Party Create More Jobs - Democratic or Republican?
Which party, Democratic or Republican, while in the White House, creates more jobs, on a per year basis? The answer may surprise you.
Greeks Clinch Austerity Deal, but Lenders Skeptical
Greek political leaders clinched a long-stalled deal on Thursday on harsh austerity measures and reforms required to secure a second international bailout in two years but the country's financial backers reacted skeptically.
Greek Political Leaders Agree on Bailout Reforms: Sources
Greek political leaders have clinched a deal on austerity measures needed to secure a bailout to keep the country afloat, two government sources said on Thursday.
Jobless Claims Fall 15,000 to 358,000
New claims for unemployment benefits unexpectedly fell last week, a government report showed on Thursday, providing further evidence the U.S. labor market was gaining traction.
Payroll Tax Negotiations Mired in Election-Year Politics
Republican and Democratic leaders accused each other of bad faith negotiations on Tuesday, as both parties played hardball in talks to extend a tax cut for 160 million workers.
Frustrations Soar as Greece, EU Seek Elusive Bailout Deal
Greek parties will try on Wednesday to agree to a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.
Russia, Syria Hold Talks, but Shelling Continues
Russia won a promise from Syrian President Bashar al-Assad on Tuesday to bring an end to bloodshed in Syria, but Western and Arab states acted to isolate Assad further after activists and rebels said his forces killed over 100 in the city of Homs.
Bernanke Repeats Vow to Shield U.S. from Europe's Woes
Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.
U.S. Closes Embassy in Syria, Vows Further Pressure
The United States closed its embassy in Damascus on Monday and President Barack Obama vowed to ratchet up pressure on Syrian leader Bashar al-Assad.
Greece Lets Another Bailout Deadline Slip as Merkel Presses
Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders.
U.S. Jobs Report: A Step Forward for Economy, Job Seekers
View the January jobs report as just that: one month of strong job growth. Regarding the issues of whether the great American job machine has finally kicked into gear and American voters' stance toward incumbents, including President Barack Obama, the operative phrase is, it's too soon to tell.
Indiana Passes 'Right-to-Work' Legislation
Indiana became the 23rd state to pass anti-union right-to-work legislation on Wednesday and the first in the nation's manufacturing heartland, dealing a blow to organized labor by allowing workers to opt out of paying union dues.
Government Health Care Spending Seen Rising to $1.8 Trillion in 2022
Government spending for Medicare, Medicaid and other health care programs will more than double over the next decade to $1.8 trillion, or 7.3 percent of the country's total economic output, congressional researchers said.
Obama Has Tense Exchange with Arizona's Brewer at Airport
A day after his confrontational election-year State of the Union address, President Barack Obama had a tense exchange with Arizona's Gov. Jan Brewer on Wednesday as she greeted Air Force One in Phoenix.
State of the Union 2012: Obama Focuses on Jobs, Economic Fairness
President Barack Obama Tuesday used his 2012 state of the union address to the American people and Congress to propose initiatives to create jobs, help companies increase their U.S.-based operations, and help Americans learn the skills they need to succeed in the modern/postmodern global economy.
State of the Union 2012 Preview: Obama Seen Focusing on Job Creation Initiatives
Is his state of the union address Tuesday night, look for President Barack Obama to outline the role public policy can play in addressing the nation’s No. 1 problem: its high 8.5 percent unemployment rate and shortage of at least 10 million jobs.
GPS Tracking Requires a Warrant, Supreme Court Rules
The U.S. Supreme Court ruled on Monday that police cannot put a GPS device on a suspect's car to track his movements without a warrant, a test case that upholds basic privacy rights in the face of new surveillance technology.