BARACK OBAMA

Treasury Secretary Timothy Geithner on Wednesday urged European leaders to act more forcefully to solve Europe's escalating debt crisis and said they have the financial and economic capacity to do so.

White House probed for a questionable loan guarantee given to the failed solar energy firm

Moody's cut the credit ratings of two French banks on Wednesday because of their exposure to Greece's debt, highlighting growing risks to Europe's financial sector from a deepening euro zone sovereign debt crisis.

President Barack Obama's jobs plan has raised concerns in top trading partner Canada because of measures that would restrict foreign companies from participating in infrastructure projects.

With U.S. job creation a paramount concern for voters, President Barack Obama is hoping that Republicans will feel the pressure from their constituents to approve his newly unveiled American Jobs Act.

Chances the United States will lapse into another recession rose over the past month to nearly one in three as the economy faces a number of road blocks that could derail already weak growth, a Reuters poll showed on Wednesday.

Momentum gained by Republicans in last year's mid-term Congressional elections continued in New York's 9th Congressional District special election Tuesday as voters chose a first-time, 70-year-old former television producer over Democrat Dave Weprin.

In the latest Bloomberg National Poll, most Americans say the economy is on the wrong track and they are more-pessimistic about its prospects -- something that doesn't bode well for President Barack Obama and Congressional Democrats in the next election, if economic conditions don't improve in the quarters ahead.

Afghan and NATO security forces have stopped the attack in Kabul that killed 14 people. It took 20 hours, but the last two militants were cleared from their high-rise hiding spot in on Wednesday morning.

Growth in retail sales stalled in August after a pitched battle over spending in Congress undermined faith Washington could steer the country clear of a double-dip recession, data showed on Wednesday.

Republican Bob Turner's victory in the special election for Anthony Weiner's New York congressional seat is being interpreted across the political spectrum as a possible rebuke to Democrats, particularly President Barack Obama.

Republican Bob Turner and New York voters delivered a sharp blow to Democrats and President Barack Obama on Tuesday, as Turner won a special House election in New York in a district where Democrats outnumber Republicans three to one.

Republican leaders have flatly rejected President Barack Obama's proposal to finance his jobs plan with a tax increase on job creators. But is it really? It depends how you define job creators.

During every presidential campaign season, a number of underdog candidates decide to run for the White House – most of whom have no hopes of ever getting elected.

Amid presidential election season, Republicans dealt a sharp blow to Democrats Tuesday, as Republican Bob Turner won a special House election in New York. The Republican victory, in the race to fill the seat vacated by scandal-plagued Anthony Weiner, gives Republicans a victory in the district that President Barack Obama won with 55 percent in the 2008 election, and one Democrats have held for four years.

For the first time in nine decades voters in New York's 9th Congressional District chose a Republican to represent the district in a special House of Representatives election for the seat vacated by former Representative Anthony Weiner, who resigned after a Twitter sex scandal.

Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to restore confidence in the region.

The race for former New York Rep. Anthony Weiner's seat was too close to call as the polls closed, raising the possibility of an embarrassing loss for Democrats in a district that has never elected a Republican.

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.