President Barack Obama defended his strategy of tackling multiple challenges instead of focusing solely on fixing the U.S. economy in a return on Wednesday to the political fund-raising that helped elect him.
Treasury Secretary Timothy Geithner said sweeping new rules of the game are required to make sure the financial system is regulated tightly enough that it cannot again threaten the entire economy.
A key congressional committee on Wednesday approved a $3.45 trillion budget framework for next year that embraces many of President Barack Obama's priorities but spends slightly less than he sought.
President Barack Obama's nominee for the No. 2 position at the Environmental Protection Agency, Jon Cannon, removed himself from consideration on Wednesday, the latest in a string of withdrawals among nominees for administration posts.
The Democratic-led U.S. Congress gave final approval on Wednesday to sweeping land and water conservation legislation that environmental groups praised as one of the most significant in U.S. history.
A key congressional committee on Wednesday approved a $3.45 trillion budget framework for next year that embraces many of President Barack Obama's priorities but spends slightly less than he sought.
In a bid to quash Wall Street excesses that nearly caused the collapse of the U.S. financial system, the Obama administration will propose tough restrictions on financial firms, hedge funds and derivatives markets.
In an effort to quash Wall Street excesses that nearly collapsed the U.S. financial system, the Obama administration on Thursday will propose tough new restrictions on big financial firms, hedge funds and derivatives markets, officials said on Wednesday.
President Barack Obama lobbied fellow Democrats on Wednesday to support major initiatives in his $3.55 trillion budget proposal and the White House played down differences as lawmakers sought to trim the plan to reduce long-term deficits.
President Barack Obama will tell bankers on Friday we're all in the same boat while pressing them to support his strategy to unlock credit markets ahead of next week's G20 meeting of world leaders.
The Group of 20 nations meeting next week is a make or break event for the global markets, investor George Soros said on Wednesday.
Congressional Democrats moved on Wednesday to slim down President Barack Obama's 2010 budget request amid bipartisan worries that the his plan could make the U.S. deficit balloon with new federal spending.
President Barack Obama's fellow Democrats in the U.S. House of Representatives on Wednesday proposed slimming down his fiscal 2010 budget to $3.45 trillion from $3.55 trillion amid bipartisan concerns about it exploding the deficit.
Russia backs the idea of talks between Afghanistan's government and moderate elements of the Taliban, a senior Russian diplomat told Interfax news agency on Wednesday.
Israeli Prime Minister-designate Benjamin Netanyahu said on Wednesday his government would be a partner for peace with the Palestinians, but made no mention of their U.S.-backed quest for statehood.
President Barack Obama said on Tuesday he was seeing signs of progress in his drive to lead the United States out of economic crisis as he sought to reassure recession-weary Americans he was on the right track.
Wall Street looked set to rise at the open on Wednesday as investors were encouraged by data showing signs the economic downturn was moderating, and by positive comments from President Barack Obama.
U.S. electricity prices are likely to rise 15 to 30 percent if a national cap on carbon dioxide emissions is instituted, according to a report by Moody's Investors Service.
The Obama Administration is carving out renewable energy zones across the country and offshore, and is preparing to work with critics who object to wind turbines or solar farms near wilderness or tourist areas, Interior Secretary Ken Salazar said on Tuesday.
Stock index futures pointed to a mostly higher open on Wednesday after positive comments on the economy from President Barack Obama, as investors looked to upcoming data for signs of improvement.
Asian shares put in a mixed performance on Wednesday as a sharp rally in stock markets this week over a U.S. plan to deal with toxic debt ran out of steam.
Ronald Reagan was known as the great communicator. George W. Bush was the self-styled decider. President Barack Obama could easily be called the salesman-in-chief.