BARACK OBAMA

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U.S. yields slip as selloff pauses, dollar down

U.S. Treasury prices edged up on Thursday as bargain hunters entered the fray after a violent two-day surge in yields, pulling the dollar lower, while Asian stocks rose on hopes added fiscal stimulus will help the U.S. economy in the near term.

U.S. tax deal squeezes potential home buyers

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For Kathryn Confer, refinancing the mortgage on her home in Erie, Pennsylvania, became a race against time -- first because she was drowning under a 10.5 percent interest rate and then because of the U.S. Congress.

Tax deal squeezes potential home buyers

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For Kathryn Confer, refinancing the mortgage on her home in Erie, Pennsylvania, became a race against time -- first because she was drowning under a 10.5 percent interest rate and then because of Congress.
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Donna D'Errico

TSA full body scan irks former 'Baywatch' actress Donna D'Errico

Here’s someone who “caught” America’s Transportation Safety Administration (TSA) agent’s eyes at Los Angeles International Airport. The former ‘Baywatch’ actress Donna D'Errico claims that a TSA agent pulled her for body scan without giving a choice of undergoing pat-down search, as per the normal procedure.
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U.S. tax deal boosts stocks but hammers bonds

Stocks rose and U.S. government bonds saw their worst sell-off in 18 months on Wednesday as a deal on U.S. taxes highlighted Washington's expansionary fiscal stance and its likely impact on growth and future deficits.
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U.S. fiscal health worse than Europe's: China adviser

The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the euro zone's troubles but America's fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.
Elizabeth Edwards poses at the "Stand Up To Cancer" television event, aimed at raising funds to accelerate innovative cancer research, at the Sony Studios Lot in Culver City, California September 10, 2010.

Elizabeth Edwards dies at 61

Elizabeth Edwards, the former wife of former presidential John Edwards, died Tuesday after a six-year battle with cancer. She was 61.
U.S. President Barack Obama holds a news conference

Obama defends tax deal, says long battle averted

President Barack Obama defended his compromise with Republicans on extending tax cuts for wealthier Americans, saying it was urgent to keep millions of Americans from losing unemployment insurance payments.
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Spike in rates, insider probe derail rally

Stocks eked out a small gain on Tuesday as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.
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Rising rates, insider probe derail rally

Stocks eked out a small gain on Tuesday as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.
Traders work on the floor of the New York Stock Exchange

US stocks open higher after tax cut deal

U.S. stocks advanced in early trade on Tuesday as sentiment was buoyed by President Barack Obama's announcement of an agreement with Republicans on a plan to extend income tax cuts for all Americans.
U.S. President Barack Obama departs after making a statement on tax cuts and unemployment insurance at the White House in Washington December 6, 2010. Obama said on Monday he had reached an agreement with Republicans on how to extend expiring tax cuts and

ANALYSIS: Compromise is Republican win

Obama has compromised with the Republicans. The wealthiest Americans will see their tax break continued for at least the next two years and the millions of unfortunate Americans who are out of work will see their unemployment insurance extended for 13 months.
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Wall St hits 2-year high after tax cut deal

U.S. stocks climbed to a fresh two-year intraday high on Tuesday as investors bet a deal to extend tax breaks will prompt increased spending and buoy the economy while preserving returns for shareholders.
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Futures rise on tax cut deal

Stock index futures rose on Tuesday after President Barack Obama forged a compromise with Republicans to extend Bush-era tax breaks for two years.
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U.S. tax deal lifts global stocks

Global equities advanced on Tuesday after a compromise deal to extend expiring U.S. tax cuts, though the euro zone's debt crisis and speculation over a possible interest rate rise in China kept them in check. The euro rose on optimism that Irish lawmakers will pass its toughest ever budget later in the day. The single currency remained vulnerable, however, with European policymakers dithering ove...
U.S. President Barack Obama makes a statement on tax cuts and unemployment insurance at the White House in Washington December 6, 2010.

Obama, Republicans reach deal on taxes

President Barack Obama and Congressional Republicans came to a compromise today involving tax break extensions for wealthier Americans and unemployment insurance extensions for working class families.
U.S. President Barack Obama looks through a microscope as he tours Bio Tech Facilities at Forsyth Technical Community College in Winston-Salem, North Carolina, December 6, 2010.

Obama says U.S. faces 'Sputnik moment' as tax-benefits deal nears

President Barack Obama melded a long-term vision for more science research and education spending with the short-term need to secure a deal with Congressional Republicans to extend both tax breaks for higher-income earners and unemployment benefits for struggling workers.
President Barack Obama

Hope for 2011: stocks outperform in third year of presidential term

Investors who are worried about the health of the stock market might take some solace from the evidence that the U.S. equities have performed exceptionally well during the third year of a presidential term (Barack Obama enters the third year of his administration in January 2011).
Japan Maritime Self Defence Force destroyer Ikazuchi (L) sails alongside the USS George Washington during their military maneuvers known as Keen Sword 2011, in the Pacific Ocean December 5, 2010.

Obama urges Hu to pressure North Korea

President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.
South Korean Trade Minister Kim Jong-Hoon (L) talks with his U.S. counterpart Ron Kirk (R) during their meeting in Seoul November 8, 2010.

US-South Korea FTA: Whose win is it anyway?

During the negotiations (with the U.S.), I did not think of Yeonpyeong Island or the USS George Washington. I have just mulled over the benefits and losses in terms of trade, South Korean trade minister Kim Jong-hoon said, apparently to refute criticism that Seoul gave away ground to the U.S. in the aftermath of the geopolitical crisis precipitated by last week’s shelling by North Korea on South’s islands.

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