WASHINGTON - U.S. business leaders urged lawmakers on Thursday to act quickly on healthcare reform, saying American companies were losing out to other countries with cheaper healthcare and healthier workers.
G20 finance ministers promised rescue money for troubled emerging market economies on Saturday and said they would use their full fiscal and monetary firepower to combat the worst downturn since the 1930s.
OPEC ministers will on Sunday debate whether their best policy is strict compliance with existing output curbs or a new set of cuts as they balance the issues of bulging oil stocks and a bruised world economy.
Freddie Mac, the second largest mortgage finance company in the U.S., urged lenders to limit fees for borrowers so they could benefit from President Barack Obama’s housing stimulus plan.test
U.S. consumer pessimism receded in March, according to a survey released on Friday, while the trade deficit narrowed in January to its smallest in more than six years as imports fell amid collapsing domestic demand.
Oil fell toward $46 a barrel on Friday, as bearish demand forecasts outweighed the potential for OPEC agreeing to further production cuts at its weekend meeting.
U.S. consumers' mood grew less grim in March, according to a survey released on Friday, while the latest figures showed the U.S. trade deficit narrowed in January to its smallest in more than six years.
New York State Attorney General Andrew Cuomo, Rep. Barney Frank and other lawmakers are discussing a plan to link executive pay to the long-term performance of companies, the Wall Street Journal said.
PESHAWAR, Pakistan (Reuters) - Taliban militants recovered 24 bodies and were searching for more on Friday, hours after suspected U.S. drones destroyed a camp in Pakistan's northwestern region, militants and officials said.
Japan said on Friday it could shoot down any threatening object falling toward its territory, after North Korea said a planned rocket launch would send it across Japanese territory.
U.S. consumers' mood improved unexpectedly in March as confidence in government economic policy improved, but sentiment remained anemic overall and close to a record low, a survey showed on Friday.
Citigroup Inc Chairman Richard Parsons said on Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands.
New York State Attorney General Andrew Cuomo, Rep. Barney Frank and other lawmakers are discussing a plan to link executive pay to the long-term performance of companies, the Wall Street Journal said.
U.S. business leaders urged lawmakers on Thursday to act quickly on healthcare reform, saying American companies were losing out to other countries with cheaper healthcare and healthier workers.
The United States sought on Wednesday to play down a confrontation between Chinese and U.S. naval vessels as the two sides held high-level talks on reviving growth and reining in North Korea's nuclear program.
President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the world's largest economy, according to participants in the latest Wall Street Journal forecasting survey.
The top U.S. and Chinese diplomats have their share of work cut out for them as they strive to reconcile differences between the two nations following the weekend naval confrontation.
U.N. human rights investigators on Tuesday announced a global investigation into secret detention and said they would not relax scrutiny of U.S. counter-terrorism policies under President Barack Obama.
Senior Chinese navy officers poured scorn on the United States in the wake of a weekend naval confrontation, with one saying the Americans are villains crying foul as fallout between the two giants simmered.
The U.S. Environmental Protection Agency on Tuesday proposed a comprehensive U.S. system for reporting emissions of carbon dioxide and other greenhouse gases, a step toward regulating pollutants that spur climate change.
The United States accused China on Tuesday of adopting a more aggressive military stance as a naval confrontation sparked anger in Beijing and raised tensions ahead of a U.S. visit by China's foreign minister.
U.S. mortgage bond investors are crying foul as federal policy responses to the worst housing crisis since the 1930s threaten to cripple their tenuous positions.
