President Barack Obama, seeking to rescue the troubled U.S. economy and his own prospects for re-election, embarks on an uphill battle on Friday to win Republican support for a make-or-break $447 billion jobs plan.
In statements issued after President Obama's jobs speech on Thursday night, Republican leaders struck a note very different from the uncompromising, line-in-the-sand rhetoric that has been dominating political discourse. Criticisms of Obama and fundamental differences of opinion were still evident, but there were also gestures toward conciliation and compromise.
President Barack Obama on Thursday ordered a redoubling of U.S. counter-terrorism efforts in the face of a credible but unconfirmed threat ahead of the 10th anniversary of the September 11, 2001 attacks.
Obama laid out an ambitious $450 billion package of spending plans and tax cuts designed to stimulate the economy and create badly needed jobs.
Gold prices tumbled by 2 percent on Friday, reversing earlier gains, with traders blaming heavy fund liquidation of the metal on the New York futures market, and the downward move picking up momentum as sell stops were triggered
President Barack Obama made a savvy play with his jobs speech proposal, if one considers his personal political hide. America's unemployment problem has gone on too long, and the nation is looking to Washington, and the president, to do something about it. So he drew up a economic plan that has a big price tag -- $447 billion -- urging Republicans and Congress to act immediately on it.
European shares kept falling Friday, with investors disappointed on U.S. stimulus measures, and banks lower after Goldman Sachs downgraded target prices across the sector.
Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a dangerous new phase of recovery.
Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a dangerous new phase of recovery.
European shares fell early on Friday, tracking Wall Street's Thursday losses, after U.S. Federal Reserve chairman Ben Bernanke gave no indications of new stimulus measures.
President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.
The FBI conducted a dramatic raid today on a California solar company, Solyndra, that received a loan of $527 million from the Federal Financing Bank (FFB), a subsidiary of the U.S. Treasury. The FBI raid followed the filing of Solyndra’s bankruptcy yesterday.
President Barack Obama presented a $447-billion plan for boosting jobs on Thursday before a rare joint session of the Congress and urged the Republicans to take urgent action to pass his plan leaving aside political differences.
G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 credit crunch.
President Barack Obama proposed a $447 billion package of tax cuts and spending measures on Thursday aimed at spurring growth and hiring.
President Barack Obama proposed a $447 billion package of tax cuts and spending measures on Thursday aimed at spurring growth and hiring.
Michele Bachmann was the only Republican to give a formal, full-length rebuttal to President Obama's jobs speech Thursday night; House Majority Leader Eric Cantor spoke briefly to Bloomberg TV and House Speaker John Boehner issued a short statement.
When President Obama addressed Congress Thursday night, he wanted to put forward a bold, yet agreeable proposal to help jump-start the economy. Here are five things President Obama would want you to take away from his jobs bill, if nothing else.
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.
