President Barack Obama said on Friday the recession-hit U.S. economy was showing glimmers of hope despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.
President Barack Obama said on Friday the recession-hit U.S. economy was showing glimmers of hope despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.
President Barack Obama said on Friday that he was seeing glimmers of hope across the recession-hit U.S. economy but that it still remained under severe strain.
President Barack Obama will discuss financial conditions in a meeting this morning with Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke, Federal Deposit Insurance Corp head Sheila Bair, Securities and Exchange Commission chief Mary Shapiro and Comptroller of the Currency John Dugan.
Somali pirates holding an American on a drifting lifeboat vowed on Friday to fight any attack by U.S. naval forces and reportedly recaptured their hostage when he jumped overboard to escape.
A Florida utility and a real estate developer are aiming to bring the country's first solar-powered city to the Sunshine State.
The U.S. Treasury Department is asking banks not to mention the regulatory stress tests as part of their first-quarter earnings results, according to a source familiar with government discussions.
The U.S. Treasury Department is asking banks not to mention the regulatory stress tests as part of their first-quarter earnings results, according to a source familiar with government discussions.
The U.S. Treasury Department is asking banks not to mention the regulatory stress tests as part of their first-quarter earnings results, according to a source familiar with government discussions.
President Barack Obama, saying he was committed to a strong U.S. auto industry, announced on Thursday the government would buy 17,600 new fuel-efficient vehicles from ailing American automakers by June 1.
The Obama administration is seeking $83.4 billion in funding for the Iraq and Afghanistan wars, including $75.8 billion for the Pentagon, for the rest of the 2009 fiscal year, a government official said Thursday.
The sense of freefall for the U.S. economy is likely to end in the middle of the year, though the road to recovery could take some time, Lawrence Summers, U.S. President Barack Obama's top White House economic policy aide, said on Thursday.
President Barack Obama, saying he was committed to a strong U.S. auto industry, announced on Thursday the government would buy 17,600 new fuel-efficient vehicles from ailing American automakers by June 1.
Somali pirates defied international naval powers on Thursday to keep an American ship captain hostage on a lifeboat in the Indian Ocean after their first seizure of U.S. citizens.
President Barack Obama plans to meet on Friday with top financial regulators to sketch out the next steps to take with the stress tests being conducted at the 19 biggest U.S. banks, a source familiar with the meeting said on Thursday.
U.S. President Barack Obama encouraged Americans on Thursday to take advantage of historically low mortgage rates and said his administration was rolling out further phases of its plan to address the housing crisis.
President Barack Obama set up an executive office for healthcare reform at the White House on Wednesday, saying the overhaul was one of the biggest priorities for the first year of his presidency.
President Barack Obama's eight-day overseas trip yielded success on a top goal: signaling to the world a new U.S. approach that breaks with the go it alone style of President George W. Bush.
The downturn in the civil aerospace sector is expected to be more severe than previously estimated mainly due to a decline in world air traffic and global gross domestic product, said Goldman Sachs, which downgraded Rolls Royce Group by a notch to sell.
President Barack Obama will be flexible about climate change legislation moving through Congress, the White House said on Wednesday, indicating some wiggle room on his demand for full auctioning of carbon emissions permits to industry.
General Motors Corp and Chrysler launched government-backed assistance programs for parts suppliers on Wednesday, and the task force overseeing the carmakers' restructuring was expected to meet with GM this week to speed up the process.
British Foreign Secretary David Miliband called Wednesday for a united front between Gulf Arab countries and global powers to deal with Iran.
