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White House seeks consumer aid in U.S. climate plan

A portion of the revenue from any U.S. system capping carbon emissions must go toward softening the impact of higher energy prices on consumers, a White House official said on Wednesday.

Auto parts shares jump as GM, Chrysler launch aid

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.

Energy Secretary supports clean-coal tech, doubts U.S. will move from coal

U.S. Energy Secretary Steven Chu said yesterday that he supports investments to develop technology that captures and stores carbon emissions originated from burning coal, but added that it would take a minimum of eight years to develop a cost-effective technology.

Ford says has no interest in Chrysler brands

Ford Motor Co has no interest in acquiring any Chrysler assets or brands if the automaker is forced into bankruptcy, the president of Ford's Americas unit said on Wednesday.

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California county retreats on offshore drilling

Leaders of California's scenic Santa Barbara County, site of a 1969 oil spill that galvanized the modern environmental movement, voted on Tuesday to reverse a decision backing new offshore energy development.

Spies penetrate electrical grid: report

Cyberspies have penetrated the U.S. electrical grid and left behind software programs that could be used to disrupt the system, the Wall Street Journal reported on Wednesday.

U.S. electrical grid penetrated by spies: report

Cyberspies have penetrated the U.S. electrical grid and left behind software programs that could be used to disrupt the system, the Wall Street Journal reported on Wednesday.

Cyberspies penetrate electrical grid: report

Cyberspies have penetrated the U.S. electrical grid and left behind software programs that could be used to disrupt the system, the Wall Street Journal reported on Wednesday.

Obama says Iraq entering critical phase

U.S. President Barack Obama pushed Iraq's feuding factions to compromise on Tuesday, sounding a note of impatience as he said Iraqis should take responsibility for their country so U.S. troops could leave.

Obama's economic dilemma: Spend or save?

U.S. President Barack Obama needs to convince Americans to spend now and save later in order to get the U.S. economy back on solid footing.

Libya's Gaddafi says fears Obama assassination

Libyan leader Muammar Gaddafi Tuesday called Barack Obama a flicker of hope in the middle of the imperialist darkness, but said he feared the president could be assassinated.

U.S. faces potential $10.9 trillion economic rescue bill

The U.S. government has launched an unprecedented array of actions to salvage the economy and stabilize the financial sector that could put up to $10.903 trillion of taxpayers' money at risk.

U.S. Congress members meet Cuba's Fidel Castro

Three members of a U.S. congressional delegation met on Tuesday with former Cuban leader Fidel Castro in his first known talks with U.S. officials since he underwent surgery in July 2006.

Obama in Iraq to push for political progress

President Barack Obama flew to Baghdad on Tuesday to meet U.S. military commanders and Iraqi leaders and assess security there first-hand after announcing a strategy to wind down the six-year war he opposed.

Spain sacks economy chief as government struggles

Spain's Prime Minister Jose Luis Rodriguez Zapatero on Tuesday dumped veteran economy minister Pedro Solbes in a cabinet reshuffle aimed at reviving a government struggling with a deep recession.

Kazakhstan says expects Obama to visit

U.S. President Barack Obama plans to visit Kazakhstan as part of a wider tour of Central Asia, Kazakhstan's upper house of parliament quoted him on Tuesday as saying.

Obama praises Islam, calls for Mideast peace

U.S. President Barack Obama ended his trip to Muslim Turkey on Tuesday by calling for peace and dialogue with Islam and the creation of a Palestinian state living side by side with Israel.

Optimism on U.S. economy up: poll

Americans have grown more optimistic about the economy and the direction of the country since President Barack Obama took office in January, according to the latest New York Times/CBS News poll on Monday.

U.S. deficit nearly $1 trillion in first half of FY2009

The U.S. budget deficit almost hit $1 trillion during the first six months of this fiscal year which began on October 1, according to estimates released on Monday by the Congressional Budget Office.

Obama says U.S. is not at war with Islam

U.S. President Barack Obama told the Muslim world on Monday the United States was not at war with Islam, using his first international tour to try to repair America's damaged image abroad.

Carbon cap deal very difficult: U.N. climate chief

It will be hard work getting rich nations to agree cuts in greenhouse gases that are deep enough to satisfy the demands of developing countries at climate talks, U.N.'s climate chief told Reuters on Monday.

Paris, Berlin bristle as Obama backs Turkey for EU

U.S. President Barack Obama urged the European Union on Sunday to accept Turkey as a full member of the 27-nation bloc, in remarks rejected outright by France and met coolly by Germany.

Obama praises Turkey, sees Armenia progress

U.S. President Barack Obama pledged on Monday to help Turkey resolve its differences with Armenia as the United States sought to strengthen ties with a crucial NATO ally in its war efforts in Iraq and Afghanistan.

Iran criticizes Obama, calls on U.S. to scrap nuclear arms

Iran criticized on Monday U.S. President Barack Obama for saying Tehran posed a threat with its nuclear program and urged Washington and other countries possessing atom weapons to dismantle their arsenals.

GM CEO Henderson says bankruptcy not inevitable

Bankruptcy is not inevitable for General Motors Corp, said the automaker's new chief executive on Sunday, who is under White House orders to win more concessions from bondholders and unionized workers.

U.N. divided over North Korea rocket launch

North Korea fired a long-range rocket on Sunday, provoking international outrage, but a divided U.N. Security Council failed at an emergency meeting to agree on a reaction to Pyongyang's defiant move.

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