U.S. chief executives' view of the economy brightened in the first quarter, with more than half now ready to add jobs -- a critical step if the economy's recovery is to gain steam.
Crude oil prices hovered near unchanged on Wednesday in choppy, thin trading after slumping on data showing rising U.S. crude stockpiles even as Libya and Middle East uncertainty limited losses ahead of the close of first-quarter 2011.
President Barack Obama told U.S. students on Wednesday that with rapid growth in China and India, global demand for energy will continue to increase and a solution for reducing U.S. dependence on imported oil would require long term solutions, setting out goals for reducing oil imports and boosting the use of alternative electricity sources decades from now.
U.S. chief executives' view of the economy brightened in the first quarter, with 92 percent expecting sales to rise over the next six months and more than half looking to add jobs, according to a survey.
Oil fell on Wednesday, weighed down by swelling crude inventories in the United States, while President Barack Obama was expected to set an ambitious long-term goal to cut oil imports.
President Barack Obama on Wednesday is expected present a vision of decline for the U.S. oil industry in next two decades, highlighting its lack of development at existing land leases as the country shifts to other 'Clean Energy' industries linked to nuclear power, 'clean coal,' natural gas, biofuels, wind and solar power.
The International Community is meeting to support Libya's people to find a political transition away from current leader Muammar Gaddafi, a move President Barack Obama backed in a speech Monday as he outlined a support role the U.S. will play while an international coalition carries out military attacks on Libyan defenses to enforce a no-fly zone.
St. Louis Federal Reserve chief James Bullard urged the U.S. central bank on Tuesday to begin reversing its campaign of monetary easing, saying it could trim its $600 billion bond-buying program by $100 billion.
The U.S. Federal Reserve's $600 billion asset purchase program could be trimmed by some $100 billion given the recovery in the U.S. economy, St. Louis Federal Reserve President James Bullard said on Tuesday.
U.S. policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalizing loose monetary policy, St. Louis Federal Reserve President James Bullard said on Tuesday.
Tests are more punitive than educational tools for both schools and students, feels the president.
President Barack Obama's speech on Libya, Gadhafi sparks off a wave of rhetoric from Sarah Palin, Donald Trump and other 2012 Presidential hopefuls ahead of the poll. Start slideshow to see quotes and photos:
Reactions to President Barack Obama's speech on Monday varied broadly, from supporters calling it ambitious to concern that it was too vague, not clearly outlining when U.S. military force would be used in the future.
President Barack Obama spoke to the nation on Monday about the situation in Libya, saying the NATO alliance of nation to which the United States belongs will take over command on Wednesday and adding that the wider changes arising from popular outcry in the Middle East cannot be changed back.
The following is a White House transcript of remarks by President Barack Obama to the nation on Libya from the National Defense University in Washington D.C. on March 28, 2011.
US monetary policy is decided by the 12 members of the Federal Reserve Open Markets Committee (FOMC). These are some of the most powerful individuals in the world.
BRUSSELS (Reuters Life!) - Few topics are more sensitive for Web users, or more likely to raise concerns in the corridors of Facebook or Google, than how to regulate privacy.
U.S. Secretary of State Hillary Clinton said on Sunday that the U.S. will not be entering the conflict in Syria the way it has entered the conflict in Libya.
Facebook, the social networking giant, is seeking to hire former White House press secretary Robert Gibbs for a senior post, The New York Times reported.
Libyan rebel forces are reportedly advancing westward to the key city of Brega, after having taken control of oil port Ajdabiya, largely due to air strikes by western coalition forces.
Libyan rebels declared on Saturday that they had retaken the strategic crossroads town of Ajdabiya following heavy coalition airstrikes on Muammer Gaddafi's forces.
Talks on how to approach U.S. corporate tax reform are stirring to life again as Republican House majority leader Eric Cantor backed of push to give multinational companies a break on money imported to the U.S. from their subsidiaries owned in other countries.
