BARACK OBAMA

Business lender CIT Group's troubles are raising questions about the Federal Reserve's ability to pinpoint a firm's problems and put it back on the right track.

President Barack Obama said on Tuesday U.S. healthcare reform was closer than ever but there was still work to do as his top policy initiative, already rejected by Republicans, ran into trouble with his own Democrats.

The bankruptcy restructurings of General Motors Corp and Chrysler LLC have improved credit market access for auto suppliers, but the sector is far from healthy and requires close government monitoring, an Obama administration official said on Tuesday.

President Barack Obama said on Tuesday the healthcare overhaul plan working its way through the U.S. Congress needs more work amid signs his top policy initiative, already rejected by Republicans, was running into deeper trouble with his own Democrats.

President Barack Obama said in an interview aired on Tuesday that healthcare reform bills needed more work, but he was optimistic that the final legislation would drive down costs over the long-term.

U.S. small businesses say they feel slighted by the Obama administration and efforts to shore up the economy, with large companies taking much of the government's attention and stimulus cash.

President Barack Obama said on Monday that Wall Street banks had failed to show remorse for the wild risks that triggered a financial meltdown and helped to push the United States into recession.

President Barack Obama said on Monday spiraling healthcare costs were battering American families as he sought to bolster wavering public support for plans to revamp the $2 trillion healthcare industry.

As unemployment rises and economic forecasts sour, the White House has delayed until August the release of its mid-year budget review, which may include a record-shattering deficit projection.

The United States and India said on Monday they had agreed on a defense pact that takes a major step toward allowing the sale of sophisticated U.S. arms to the South Asian nation as it modernizes its military.

Honduras' political rivals were on a collision course on Monday after negotiations collapsed and deposed President Manuel Zelaya vowed to return home despite warnings from a defiant de facto government.

Prime Minister Benjamin Netanyahu, saying he would not take orders over Israeli settlement in East Jerusalem, rejected on Sunday a U.S. demand to halt plans to build more homes for Jews in the disputed area.

Public support for President Barack Obama's handling of healthcare reform, the pillar of his legislative agenda, has fallen below 50 percent for the first time, a Washington Post-ABC News poll released on Monday said.

Former CBS News anchor Walter Cronkite, whose authoritative delivery of news events from the John F. Kennedy assassination to the Apollo moon landing and Vietnam War, made him the most trusted man in America, died on Friday at age 92.

Three Republican senators said Friday they will back President Barack Obama's choice of Sonia Sotomayor to serve on the U.S. Supreme Court, setting the stage for a likely easy confirmation.

Former CBS anchorman, Walter Cronkite died Friday night in his Manhattan home following a long illness.

President Barack Obama appealed to Americans on Saturday to back his ambitious revamp of the U.S. health care system, seeking to regain momentum amid growing worries among lawmakers over how to pay for it.

U.S. President Barack Obama expressed his deepest condolences to the victims in Jakarta bombing on Friday.

The House Intelligence Committee said on Friday it was launching a formal investigation into the concealment of a secret CIA program from Congress that one senator said was withheld on orders from former Vice President Dick Cheney.

President Barack Obama knew it was not going to be easy to overhaul U.S. healthcare.

President Barack Obama's far-reaching plan to guarantee all Americans healthcare coverage faced trouble on Friday over its more than $1 trillion price tag, so Democrats looked for ways to reduce healthcare costs as they moved the bill forward.