President Barack Obama said on Sunday the economy has turned the corner and resumed growth.
Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash.
Trade tensions are starting to flare as the pace of the global economic revival shows signs of slowing.
Treasury Secretary Timothy Geithner insisted on Saturday that major economies were not easing up on their commitment to stiffen the rules for banks just because the global economy was recovering.
Group of Seven officials agree banks must contribute toward the cost of dealing with the financial crisis but have not agreed on how they should pay, a German official said on Saturday.
Finance chiefs from the world's rich powers focused on the euro zone's debt crisis at an Arctic summit and a top official said Europe was determined to solve its problems without the International Monetary Fund.
President Barack Obama on Saturday appealed to fellow Democrats and rival Republicans to back a plan to use $30 billion in bank bailout funds to help small businesses.
Finance chiefs from the world's rich powers opened an icy summit on Friday mulling how to prevent worry about deepening southern European debt from derailing an already fragile global recovery.
The U.S. unemployment rate surprisingly fell to a five-month low of 9.7 percent in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
Bipartisan efforts on Capitol Hill to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.
The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
“The O'Reilly Factor” host Bill O'Reilly aired the second part of his interview with “The Daily Show” host Jon Stewart on Thursday.
The White House on Friday welcomed the Labor Department's report that the unemployment rate had fallen to a five-month low, saying it showed encouraging signs of gradual labor market healing.
He spoke at a Democratic National Committee fund-raising reception at which he sought to boost the morale of party loyalists in the wake of the Democrats' loss of a 60-vote supermajority in the Senate when Republican Scott Brown won in Massachusetts last week.
President Barack Obama, looking for ways to drive down high U.S. unemployment, will announce plans on Friday to expand credit for small businesses, a main source of job creation in the United States.
Payrolls unexpectedly fell in January, but the unemployment rate surprisingly dropped to a five-month low, according to a government report on Friday that hinted at labor market improvement.
Employers unexpectedly cut 20,000 jobs in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.
Employers unexpectedly cut 20,000 jobs in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.
U.S. employers probably stopped cutting jobs and added 5,000 payrolls in January, the second monthly gain since the recession started in December 2007, the government is expected to report on Friday.
The median forecast for nonfarm payrolls is for an increase of 5,000 after an unexpected 85,000 drop in December. Forecasts range from a decrease of 97,000 to an increase of 100,000.
The number of U.S. workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were closer to adding to payrolls.
