A U.S. intelligence report claiming Iran halted a nuclear weapons program in 2003 has caught Washington's Gulf Arab allies off guard, analysts say, raising concern that U.S. pressure against Tehran could slacken.
The government's intervention to streamline the mortgage industry's process for evaluating struggling borrowers was a necessary step, Treasury Secretary Hank Paulson says. No one should lose their home just because a complex, cumbersome process simply couldn't get to them in time to determine if there is another potential solution.
Treasuries fell on Thursday after President George W. Bush announced a plan to help some homeowners with subprime mortgages by freezing their interest rates, discouraging investors from buying U.S. debt.
U.S. stocks rose steadily for a second day on Thursday, with financial shares climbing on expectations that government plan to be unveiled today may help banks’ profits by limiting subprime mortgage defaults.
Stocks gained on Thursday as banks, builders and mortgage-related shares rose before a White House announcement about a plan to slow the wave of home foreclosures that has rattled investors.
President George W. Bush is expected to unveil a plan on Thursday to prevent a wave of home loan foreclosures that has threatened to knock the U.S. economy into recession and rattled investors worldwide. The plan hammered out by the U.S. Treasury Department in talks with mortgage industry leaders.
President George W. Bush is expected to unveil a plan on Thursday to help struggling American homeowners avoid foreclosure, addressing a mortgage crisis that risks tipping the U.S. economy into recession and has shaken financial markets around the world.
Federal regulators and lenders are homing in on five years as the length of an interest-rate freeze on subprime mortgages, Bloomberg reported, citing a source familiar with the negotiations.
Consolidation for the U.S. Airline Industry should happen before the end of the Bush administration, UAL Corp's CFO says.
U.S. intelligence agencies have showed independence from the Bush administration with a skeptical assessment of Iran's nuclear capabilities that is far from the slam dunk case against Iraq before the war.
China turned down another request for a U.S Navy ship to visit Hong Kong amid
Turkey's prime minister said on Friday his cabinet had authorized the armed forces to conduct a cross-border operation against Kurdish PKK rebels in northern Iraq, but analysts said major action did not appear imminent.
U.S. President George W. Bush on Thursday stepped up pressure on lawmakers to pass his Iraq war funding request, while a senior Democrat said a deal might be possible.
President Bush asked Congress to approve billions of additional dollars to fund the wars in Iraq and Afghanistan on Thursday.
Israeli Prime Minister Ehud Olmert said after peace talks in Washington that failure to negotiate a two-state solution with the Palestinians could threaten Israel's long-term survival.
U.S. President George W. Bush has set himself the Herculean task of shepherding an Israeli-Palestinian peace deal by the end of next year, but doubts remain about his commitment. As Bush proudly beamed behind them, Israeli Prime Minister Ehud Olmert and Palestinian President Mahmoud Abbas shook hands on Tuesday over an agreement to immediately begin their first formal peace negotiations in seven years.
President George W. Bush told Israeli and Palestinian leaders gathered for a Middle East conference on Tuesday that the time was right to work toward peace but cautioned the path would be difficult.
President George W. Bush meets Palestinian and Israeli leaders on Monday in a drive for Palestinian statehood before he leaves office in 14 months.
Saudi Arabia has not ruled out the possibility of taking part in a Middle East peace conference with Israel next week, according to comments by Crown Prince Sultan carried by state television on Thursday.
Pakistan's Supreme Court, stacked with judges friendly to President Pervez Musharraf, on Thursday threw out a final challenge to his re-election and paved the way for him to quit as army chief.
Pakistani President Pervez Musharraf returned from Saudi Arabia on Wednesday expecting to be sworn in as a civilian leader in days, having already freed thousands of detainees held under emergency rule.
President Vladimir Putin on Tuesday warned that Moscow would not remain indifferent to NATO's muscle-flexing and said Russia's nuclear forces would be ready for an adequate response to any aggressor.
