Democratic presidential hopefuls have seized on the deepening U.S. mortgage crisis and gyrating financial markets as signs they would be better stewards of the economy, but Republicans argue the outlook is strong.
The Bush administration said on Friday it would increase scrutiny and impose heftier fines on U.S. businesses that employ illegal immigrants as it sought to step up enforcement despite Congress's failure to reform immigration laws.
Stocks tumbled on Thursday, with the Dow and S&P down nearly 3 percent, after a French bank froze three funds that invested in U.S. subprime mortgages, prompting central banks to take steps to calm investors. Evidence the U.S. mortgage market crisis was having a global impact and spreading to other markets hammered financial stocks.
Major central banks swept in to calm credit markets spooked by mounting losses on Thursday, with the European Central Bank injecting record amounts of cash to prevent the financial system from seizing up.
Proposed legislation that would boost taxes paid by wealthy private equity managers could have the unintended consequences of hurting small business partnerships as well, President George W. Bush said on Thursday.
Stocks fell sharply on Thursday as another shoe dropped in the U.S. subprime mortgage sector meltdown, causing investors to flee riskier assets for the relative safety of government bonds. Stocks added to their declines after the Wall Street Journal reported a second Goldman Sachs Group Inc. hedge fund was suffering losses and was selling its positions.
President George W. Bush said on Wednesday that the U.S. economy was solid and well-positioned to deal with the stress from continuing financial market volatility.
The high-level meeting would bring together the world's biggest polluters to find ways to reduce greenhouse gas emissions.
British Prime Minister Gordon Brown urged governments, businesses and volunteer groups on Tuesday to unite in a show of people power to put the world back on track toward slashing extreme poverty by 2015.
Former Enron Corp. shareholders on Tuesday called on the White House to support their efforts to hold third parties accountable when their actions help a company defraud investors.
British PM Gordon Brown wants to keep close ties and says his nation shares its ideals with America.
Congressional negotiators have agreed on legislation that would tie U.S. aid to Pakistan to significant progress by Islamabad in cracking down on al Qaeda, the Taliban and other militants, congressional sources said on Thursday.
Democrat John Edwards said on Thursday if elected president he will try to rewrite the U.S. tax code, repealing tax breaks for wealthier Americans and funneling some of the money to low-income families.
Despite failing to pass immigration reform, it's clear that the U.S. farm industry needs its neighbors to the south.
The United States and India said on Friday they made substantial progress in negotiations on a landmark nuclear cooperation agreement, and one U.S. official told Reuters the long-delayed deal was effectively done.
Driving through the Lower Rio Grande Valley in southern Texas, it is clear that whatever labor is being done on a farm -- be it driving a tractor or weeding a field -- Latinos are doing it.
The United States and India remain divided over a controversial nuclear cooperation agreement despite three days of talks to finally close the deal, a U.S. official said on Thursday.
President George W. Bush admitted on Thursday his troop buildup in Iraq had made limited progress but said he would wait for a September security report before considering a change of course.
The United States and South Korea signed a free trade agreement on Saturday that will face tough opposition in the U.S. Congress because of Democratic Party concerns that it will cost auto industry jobs.
U.S. House of Representatives Democratic leaders quashed White House hopes on Friday for quick renewal of fast track trade negotiating authority and said they cannot support trade pacts negotiated with South Korea and Colombia.
Researchers at a U.S. company trying to push the margins of stem cell research said on Friday they had grown human embryonic stem cells using a non-controversial method that did not harm the embryos.
U.S. officials said India and Brazil were to blame for the breakdown on Thursday of trade talks that some were billing as a final chance to spur the Doha round toward completion.
