Payrolls data buoy job creation hopes
U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs.
White House cranks up pressure for health reform
(Reuters) - The White House ratcheted up its push for a quick healthcare vote in the U.S. Congress on Thursday, criticizing rising health insurance premiums at a meeting with top industry executives and wooing key lawmakers.
Dodd: hopes for financial reform deal within days
Senator Christopher Dodd, chief negotiator for the Democrats in talks on a bipartisan financial reform bill in the U.S. Senate, on Friday said lawmakers are not there yet on reaching an agreement but said he hopes one will be reached within days.
Economy sheds 36,000 jobs, weather impact unclear
U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate steady at 9.7 percent, bolstering views the labor market was on the brink of creating jobs.
More news
Obama administration breaks campaign pledge to call Armenian killings genocide
The Obama administration has opposed a vote of a resolution that would recognize the 1915 mass killing of Armenians as genocide, contradicting a promise President Barack Obama made while campaigning in the Democratic primaries.
Jobless, productivity data lift recovery hopes
The number of U.S. workers filing for jobless benefits fell last week, but a surprise drop in pending home sales to a 10-month low in January underscored the uneven nature of the economic recovery.
US House approves $15 billion jobs bill
Congressional Democrats made headway on Thursday on their top legislative priority -- job creation -- when the House of Representatives approved a $15 billion package of tax credits and highway construction.
How does healthcare play out politically?
By pushing Congress for final passage of U.S. healthcare reform, President Barack Obama is gambling voters will reward Democrats for the accomplishment rather than punish them in November congressional elections.
Pay czar questions Wells Fargo CEO's compensation
Pay czar Kenneth Feinberg believes the compensation paid to Wells Fargo & Co's chief executive for 2009 raises serious questions, he told CNBC on Thursday.
15 states and DC make education grant shortlist
The Department of Education said on Thursday that 15 states and the District of Columbia are in the final running for new stimulus grants to be distributed this spring.
Ethics angle missing in financial crisis debate
The debate about fixing the financial crisis seems to be missing a key factor -- a broad ethical discussion of what is the right and wrong thing to do in a modern economy.
U.S. seeking 1 gigabit Internet speed for communities
The U.S. Federal Communications Commission will seek to bring Internet speeds of 1 gigabit per second by 2020 to community institutions such as schools and government buildings, FCC Chairman Julius Genachowski said on Thursday.
US Democrats would nix healthcare over abortion
A dozen House of Representatives Democrats opposed to abortion are willing to kill President Barack Obama's healthcare reform plan unless it satisfies their demand for language barring the procedure, Representative Bart Stupak said on Thursday.
Senate rejects $250 checks for elderly
A measure to give some 57 million elderly people, veterans and persons with disabilities a $250 check was rejected by the Senate on Wednesday, a setback for the powerful seniors' lobby.
Stock futures flat ahead of weekly job claims data
Stock index futures were little changed on Thursday as investors awaited data on the labor and housing markets, along with a report on January U.S. factory orders.
Factbox: White House draft language on Volcker rule
The Obama administration is expected to send Congress legislative language on its proposal to clamp down on banks' risky activities.
Obama reasserts Volcker rule, Senate bill seen
The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that Congress is unlikely to adopt such a rule.
Obama reasserts Volcker rule
The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that the U.S. Congress is unlikely to adopt such a rule.
GD, Northrop warn of possible shipyard layoffs
The two largest U.S. military shipyards warned on Wednesday that the U.S. Navy's 30-year shipbuilding plan funded 13 fewer surface ships in the near term, which would likely result in layoffs across the industry and higher shipbuilding costs.
Move U.S. debt report vote ahead of elections: Top Republican
The top House Republican is attempting to open the way for voters to see debates about U.S. finances and a key report recommending fixes for the budget deficit ahead of November's elections.
Market finishes flat as Obama pushes regulation
U.S. stocks ended little changed on Wednesday as worries about bank regulation and a setback for drug company Pfizer offset signs of improvement in the labor market and services sector.
Obama lays out Volcker rule specifics for Congress
U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called Volcker rule from the Obama administration.
Obama seeks to push healthcare to final vote
President Barack Obama said on Wednesday it is time to pass his sweeping healthcare overhaul using only a slim Democratic majority in Congress if necessary, saying the issue is too important to be delayed by politics after a year of debate.
Wall St flat as White House pushes regulation
U.S. stocks lost gains and were trading little changed on Wednesday as the White House stepped up its efforts to overhaul healthcare and bank regulation, sparking concerns about the potential impact on profits in those sectors.
Obama's speech on 'final vote' for health care reform (Full text)
The following is a transcript of President Barack Obama's prepared statement for a speech on health insurance reform on Wednesday where he urges members of Congress to pass bill within the next few weeks after a year of debate.
Obama urges 'final vote' on health reform
President Barack Obama on Wednesday called for Congress to decide upon health insurance reforms with an up-or-down vote in the next few weeks, the clearest indication yet that he favors passing a bill through the reconciliation process.
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