TIMOTHY GEITHNER

Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.

Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.

Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.

General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.

General Motors Corp will file for bankruptcy on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.

U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.

U.S. Treasury Secretary Timothy Geithner will discuss with top Chinese officials how to boost global economic growth as well as the importance of flexible exchange rates for smoothing imbalances, a senior U.S. Treasury Department official said on Thursday.

The Obama administration is weighing a plan that would put the Federal Reserve in charge of monitoring systemic risk and give the Federal Deposit Insurance Corp authority to unwind insolvent bank holding companies, sources familiar with the proposal said on Wednesday.

Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing new evidence the housing market is stabilizing and backing views that the recession is nearing an end.

Treasury Secretary Tim Geithner named Wednesday in Boston 32 organizations that are expected to receive $1.5 billion in business tax using funds from the stimulus plan Congress passed earlier this year.

Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing more evidence the housing market is stabilizing and backing views the recession is nearing an end.

U.S. Treasury Secretary Timothy Geithner will meet top Chinese government officials including President Hu Jintao and Premier Wen Jiabao in Beijing early next week, the Treasury Department said on Wednesday.

The U.S. economy appears destined for several years of weak growth and high unemployment that leave it vulnerable to a recession relapse after the massive dose of government stimulus wears off.

As the Obama administration looks for ways to reform executive pay in the banking industry, novel ideas are surfacing on how to move away from stock options as a key component of compensation.

General Motors Corp on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month.

World economic grouping OECD said on Monday the global economy had come out of free fall, offering hope of incipient recovery late this year to investors and markets unnerved by rising U.S. government debt.

Bill Gross, manager of the world's biggest bond fund, warned on Thursday the United States will eventually lose its top AAA credit rating, a fear that had already spooked financial markets on Thursday and could keep the dollar, stocks and bonds under heavy selling pressure.

U.S. Treasury Secretary Timothy Geithner said Thursday that the Obama administration and Congress will be working together to reduce the nation’s deficits once the recovery is underway.

The U.S. Treasury Department said on Thursday it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC , and General Motors Corp Corp car buyers and partly meet a shortage of capital.

Euro zone economies showed signs on Thursday that the worst recession in six decades is easing but data from the United States on jobless claims and business conditions signalled a bumpy recovery.

The Obama administration is mulling a new agency to better protect consumers who buy financial products or take out mortgages from practices like those that led to the current financial crisis, U.S. Treasury Secretary Timothy Geithner said on Thursday.