President Barack Obama is grappling with the AIG bonus furor by both accepting responsibility for the government's failure to head off the payments and blaming it on the big mess he inherited.
A plan to expand a controversial U.S. ballistic-missile shield into Eastern Europe is being scrutinized as part of a 2010 budget request to be sent to Congress next month, the Pentagon's chief financial officer told Congress on Wednesday.
The Obama administration turned up the heat on AIG on Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion.
Former U.S. Treasury Secretary Henry Paulson called for an overhaul of financial regulation in an article in the Financial Times on Tuesday, largely reiterating a plan he proposed in March 2008.
An Iraqi reporter who hurled his shoes at former President George W. Bush was convicted of attempting to assault a foreign leader on Thursday and jailed for three years, dismaying many Iraqis who regard him as a hero.
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.
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.
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.
Iran's top military commander said the new U.S. administration was just as warmongering as its predecessor, but that the United States could not afford to attack Iran, an Iranian news agency reported on Tuesday.
President Barack Obama's lifting of restrictions on federal funding for human embryonic stem cell research puts him at odds with Pope Benedict and the American Roman Catholic Church.
The U.S. government's director for cybersecurity resigned on Friday, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems.
The U.S. government's director for cybersecurity has resigned, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems, The Wall Street Journal reported on Friday.
Secretary of State Hillary Clinton told an audience on Friday never waste a good crisis, as she highlighted the opportunity of rebuilding economies in a greener, less energy intensive model.
U.S. President Barack Obama is repeating George W. Bush's worst market mistakes, Forbes Inc Chief Executive Steve Forbes wrote in the Wall Street Journal.
U.S. Treasury Secretary Timothy Geithner on Wednesday blamed soaring budget deficits partly on failure by the former Bush administration to make needed investments in energy security and healthcare.
British Prime Minister Gordon Brown will press President Barack Obama for details on his plans to fix the ailing U.S. financial sector in talks on Tuesday that will focus on the global economic crisis.
President Barack Obama said on Friday he would pull U.S. combat troops out of Iraq in 18 months as he unveiled a new strategy that stressed diplomacy and engagement with foes like Iran and Syria.
President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall.
the largest share since 1945 when the country ran a shortfall of 21.5 percent of GDP.The budget was scheduled to be released at 11 a.m. EST but the White House released it early after details began to leak out in the news media.In 2010, the deficit would dip to a still-huge $1.17 trillion, but Obama promised to get the red ink under control within a few years through a combination of tax incre...
President Barack Obama will forecast a 2009 deficit of $1.75 trillion in a budget proposal on Thursday that sets goals of overhauling the healthcare system and shoring up the U.S. economy.
Large majorities of Americans support U.S. President Barack Obama's plans to revive the economy and his efforts to work across party lines, according to a pair of public opinion polls released on Monday.
President Barack Obama tidied up his economic message on Tuesday, reviving the hopeful Yes We Can spirit of his campaign and abandoning the Maybe We Can't impression he took to the White House.