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Obama takes bankers to task, demands results

President Barack Obama told top U.S. bankers on Monday they owed the country their help in lifting the economy out of crisis and implored them to lend more money and get behind financial reforms.

Inequality remains in higher education: Summers

President Barack Obama's top economic adviser said on Sunday that the United States is a long way from the point where merit trumps background in higher education, adding that scholarship assistance is crucial to leveling the playing field.

Obama to take bankers to task in meeting

President Barack Obama planned to get tough with executives from top U.S. banks on Monday and tell them that they must help lift the country out of the economic crisis they helped to create.

Citi to raise $17 billion to repay U.S., escape pay curbs

Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing $17 billion of stock immediately, as the bank looks to end the executive pay restrictions that came with the funds.

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Obama sees Senate healthcare passage by December 25

President Barack Obama said he expects the U.S. Senate to pass by the end of next week legislation to overhaul the U.S. healthcare system, but the top Senate Republican scoffed on Sunday that Obama's Democrats were too divided to do so.

U.S. forces chief warns of Afghanistan fight

The top U.S. military officer warned on Monday the first U.S. troops headed to Afghanistan as part of President Barack Obama's surge can expect more fighting and casualties, hours after 15 Afghan police were killed.

Senate Democrats seek compromise on drug imports

Democrats scrambled on Friday to resolve a stalemate over whether to permit imports of cheaper prescription drugs from Canada and elsewhere as part of a larger effort to overhaul the U.S. healthcare system.

U.S. agency sees more health spending with reform

U.S. healthcare spending would rise by about $234 billion over the next decade under the Senate Democrats' overhaul bill and some of the proposed savings might never be achieved, a U.S. agency said in a report released Friday.

Citi to pay back U.S. government funds

Citigroup said on Monday that it had reached a deal with U.S. regulators to repay $20 billion of shares held by the government by issuing $17 billion of stock and allowing it to exit the TARP program in 2010.

CORRECTED: Citi to pay back U.S. government bailout

Corrects 4th paragraph to show Citigroup Chairman Dick Parsons, not CEO Vikram Pandit, is due to met Obama

Environment ministers try to unlock climate deal

Environment ministers tried to overcome rifts between rich and developing nations in Copenhagen on Sunday just days before a deadline for reaching a global pact on tackling climate change.

Obama argues for strong financial watchdog agency

President Barack Obama defended on Saturday a consumer watchdog agency the financial industry wants to weaken or strip from legislation that would strengthen the regulation of Wall Street.

China urged to revalue currency

Senate Majority Leader Harry Reid urged Chinese President Hu Jintao to address his country's huge trade imbalance with the United States through a significant revaluation of China's currency.

Obama complains about fat-cat bankers

President Barack Obama complained about fat-cat bankers and sharply criticized Wall Street banks for paying out big bonuses to executives in a television interview to air on Sunday.

Pay czar caps more salaries at bailed out firms

The U.S. pay czar on Friday expanded a crackdown on pay packages at four companies rescued with taxpayer money, limiting most cash salaries at $500,000 for a second tier of top earners.

House approves sweeping financial reforms

The House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and top Democrats in Congress.

House approves financial regulation overhaul

The U.S. House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and congressional Democrats.

House approves historic financial reform bill

The House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and congressional Democrats.

U.S. pay czar caps more salaries at bailed out firms

The U.S. pay czar on Friday expanded a crackdown on pay packages at four companies rescued with taxpayer money, limiting most cash salaries at $500,000 for a second tier of top earners.

Summit pretty good if 20 percent CO2 cut: Rajendra Pachauri

A 20 percent cut in greenhouse gases by rich nations would be a pretty good result for a U.N. climate summit even though it falls short of developing nations' hopes, the head of the U.N. climate panel said on Tuesday.

House closes in on financial reforms passage

The U.S. House of Representatives was expected to approve the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration.

Governor Sanford's wife files for divorce

The wife of South Carolina Governor Mark Sanford said on Friday that she was filing for divorce, six months after Sanford traveled secretly to Argentina for what he later confessed was an extramarital affair.

Jenny Sanford files for divorce from unfaithful Governor (VIDEO)

Jenny Sanford, the embattled wife of South Carolina governor, Mark Sanford on Friday filed for divorce six months after he confessed to having an extramarital affair with an Argentine woman.

North Korea hints ready to return to nuclear talks

North Korea indicated on Friday it was ready to end its year-long boycott of nuclear negotiations, following talks in the reclusive state this week with a U.S. envoy trying to revive a disarmament-for-aid deal.

Pelosi backs expansion of Medicare in Senate plan

President Barack Obama's bid to overhaul the U.S. healthcare system appeared to get a boost on Thursday when the top Democrat in the House of Representatives signaled interest in a Senate Democratic compromise.