President Barack Obama laid out a $447 billion jobs package of tax cuts and government spending on Thursday that will be critical to his re-election chances but he faces an uphill fight with Republicans.
In a joint-session address Thursday, President Barack Obama said the United States faces a national crisis and pressed Congress to urgently pass a jobs package of tax cuts and government spending he is proposing to revive the stalled U.S. economy.
Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank would spare no effort to boost weak growth, but to the dismay of investors stopped short of a full plunge into further monetary support.
Stocks closed sharply lower on Thursday after Federal Reserve Chairman Ben Bernanke gave no indications of new stimulus measures to boost the flagging economy in a keenly awaited speech.
President Barack Obama pressed Congress on Thursday to act urgently to approve a jobs package of tax cuts and government spending he is proposing to pull the United States out of a national crisis.
Before the Obama jobs speech at 7 p.m. on Thursday, a list of his talking points has already been leaked to The Daily Caller.
From Seoul to Washington, policymakers are increasingly worried about the outlook for the global economy.
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. central bank would spare no effort to boost disappointingly weak growth and reduce unemployment, while downplaying concerns about inflation.
A federal appeals court on Thursday threw out Virginia's challenge to the constitutionality of the U.S. health care reform act signed into law by President Barack Obama last year.
The U.S. economy may be stumbling, but it is still standing.
Toronto's main stock market index edged higher in cautious action on Thursday morning following weak U.S. jobs data and ahead of a speech by U.S. President Barack Obama detailing his plan for job creation.
Republican Senator David Vitter and other conservatives planning to boycott President Barack Obama's major jobs speech before Congress Thursday night are out of line.
Stocks were slightly lower by early afternoon on Thursday as investors awaited a speech by Federal Reserve Chairman Ben Bernanke and one by U.S. President Barack Obama later in the day.
A federal appeals court on Thursday threw out Virginia's challenge to the constitutionality of the U.S. health care reform act signed into law by President Barack Obama last year.
Treasury Secretary Timothy Geithner on Thursday called on global finance chiefs to boost growth but said a repeat of the massive coordinated fiscal stimulus efforts of 2009 was no longer possible.
Stocks edged higher in choppy trade on Thursday, led by gains in the technology sector ahead of a speech by U.S. President Barack Obama laying out a major jobs package.
Stock index futures pointed to a lower open on Thursday as data showed a weaker labor market ahead of a speech by U.S. President Barack Obama detailing his plan for jobs growth.
New U.S. jobless claims rose unexpectedly last week, further evidence of a weak labor market just hours before President Barack Obama delivers a major address to Congress on the issue.
The U.S. economy may be stumbling, but it is still standing.
I have not seen anything that the Pakistanis were aiding his refuge there.”
The U.S. trade deficit narrowed much more than expected in July as strong Latin American demand helped push exports to a new record and imports fell slightly, a government report showed on Thursday.
Even before President Barack Obama announces the details of his jobs plan Thursday night, Republicans are lining up to denounce the proposal and in some cases skip the president's speech altogether. The White House has sought to put the onus for a sagging economy on Congress if lawmakers do not act on the plan.
