President Obama and his wife, Michelle, made $2.73 million last year and paid $855,323 in federal taxes, an amount that would increase by $102,000 if his budget plan were in effect.
MANAMA - Several foreign banks see huge untapped opportunities in Iran for Islamic finance, spurred on by hopes U.S. President Barack Obama's new approach toward the Islamic Republic will end years of sanctions hampering busines
Washington's visiting Middle East envoy vowed on Thursday to vigorously pursue the creation of a Palestinian state, setting the stage for possible conflict with Israel's new right-leaning government.
President Barack Obama outlined his plan for long overdue high-speed rail on Thursday that would rival air travel, create jobs and help curb the U.S. transportation system's appetite for oil.
Japan promised on Thursday to pledge up to $1 billion in aid for cash-strapped Pakistan at a donors conference as allies pressed the country for commitments to fight an Islamist insurgency and implement economic reforms.
The Obama administration on Wednesday named a former U.S. Justice Department official who was border czar during Bill Clinton's presidency to lead its efforts to crack down on drug-related violence along the U.S.-Mexican border.
About a dozen people died in a shootout in Mexico between soldiers and suspected drug traffickers ahead of a visit by U.S. President Barack Obama to discuss the drug war, Mexican media reported on Thursday.
In his second big trip abroad since becoming U.S. president, Barack Obama arrives in Mexico on Thursday to show support for the Mexican government's efforts to fight a devastating drug war and boost security along the U.S. border.
More than half of U.S. adults used the Internet to participate in the 2008 election -- the first time that threshold has been crossed, according to a study released Wednesday.
President Barack Obama made nearly $2.5 million in 2008 from the sales of his two best-selling memoirs, according to tax information released by the White House on Wednesday.
The Treasury Department on Wednesday declined to label China a currency manipulator, retreating from tough talk last year when a campaigning Barack Obama said Beijing had kept its currency's exchange rate unfairly low.
The Treasury Department on Wednesday declined to name China a currency manipulator, backing down from tough talk last year when Barack Obama, then campaigning for president, said Beijing was keeping its currency unfairly low.
The Obama administration wants to ensure that legislation being crafted by Congress to fight global climate change does not violate international trade rules and backfire on U.S. exports, the top U.S. trade official said in a letter to a Republican lawmaker.
President Barack Obama offered a
President Barack Obama promised Americans his administration would rewrite the monstrous U.S. tax code as millions faced an annual deadline on Wednesday for filing federal income tax returns.
One in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
A meeting of Pakistan's allies and donors this week could give Iran a chance to show willingness to play a more active role in stabilizing the region, Japan's special envoy to Afghanistan and Pakistan said on Wednesday.
Turkish President Abdullah Gul called on Wednesday for a Middle East free of weapons of mass destruction, hoping that a U.S.-Russian pledge to join forces to eradicate nuclear weapons will encourage the region.
Black American community workers are wrestling with how to translate their pride over Barack Obama's presidency into tangible gains for a racial minority that often lags behind the rest of the country.
The Obama administration will name former Justice Department official Alan Bersin to oversee its policy on illegal immigration and drug-related violence along the U.S. border with Mexico, Politico reported on Tuesday.
U.S. senator and former presidential candidate John Kerry arrived in Sudan Wednesday for a three-day visit as the diplomatic detente between Washington and Khartoum shows further signs of a thaw.
President Mahmoud Ahmadinejad said on Wednesday Iran had prepared proposals to end a stalemate over its nuclear ambitions with six world powers, state television reported.
