The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said on Monday.
U.S. Commerce Secretary Gary Locke said on Friday he will travel to China this year to promote sales of U.S. clean energy goods as part of the Obama administration's effort to fight global warming.
A planned new U.N. climate pact is shaping up to be a mildly tougher version of the existing Kyoto Protocol rather than a bold treaty to save what U.S. President Barack Obama has called a planet in peril.
U.S. bank regulators breathed a huge sigh of relief in early April when improving financial markets looked set to push the nation's 19 largest banks through the gauntlet of tough stress tests in reasonably good shape.
Egypt's Muslim Brotherhood dismissed Saturday U.S. President Barack Obama's plan to deliver a speech to the Muslim world from Egypt as part of a plan to keep Arab and Muslim states divided.
Reclusive North Korea, which rattled regional security with a threat to hold a second nuclear test, said on Saturday it would not hold talks with its wealthy South Korean neighbor because it defiled Pyongyang's dignity.
The new H1N1 flu killed its first patient in Canada, making it the third country after Mexico and the United States to report a death from the virus that has made more than 3,400 people in 28 countries ill.
Morgan Stanley and Wells Fargo sold more than $15 billion of shares and bonds, as the two companies rushed to the head of the line of banks looking to raise funds following government stress tests.
The Obama administration is expected to propose legislation to Congress by June calling for the U.S. Federal Reserve to regulate systemic risk in the economy, three trade association sources said on Friday.
U.S. President Barack Obama will deliver a speech to the Muslim world in Egypt next month, seeking to repair ties that were severely damaged under his predecessor George W. Bush.
President Obama’s military office aide resigned on Friday after an uproar over a low altitude flight by a jumbo jet used as Air Force One he approved over New York City which led bystanders to believe was part of another terrorist attack.
A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.
U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.
The month of April was no different to the previous as U.S. employers were once again left with no option but to slash their workforce yet again as the recession took another bite of the economy, slashing jobs by 539,000.
Fannie Mae , the largest provider of U.S. home mortgage funding, said on Friday it needs more capital from the U.S. Treasury after a $23.2 billion loss in the first quarter and warned government housing programs would cut deeper into its profitability.
A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the embattled automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.
U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.
Pakistani forces have killed 143 militants over the past 24 hours in fighting in the Islamist bastion of Swat northwest of the capital, the military said on Friday.
U.S. Defense Secretary Robert Gates is expected to appoint a three-star general to boost the U.S. military leadership in Afghanistan, the Wall Street Journal reported Friday.
President Barack Obama's $3.55 trillion budget, released on Thursday, retains his plan to cut climate-warming carbon dioxide emissions by auctioning off 100 percent of emission permits to industries.
President Barack Obama's administration has decided it wants to terminate the Yucca Mountain nuclear waste storage facility project officially.
The oil and gas industry is opposing President Barack Obama's proposal to Congress to cut tax breaks for the industry saying it will cripple small businesses and punish American natural gas production.
