BARACK OBAMA

A Republican lawmaker says his party's push last week to cut the Congressional budget and match new spending with spending cuts elsewhere was just the beginning of a push to keep cutting.

The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday.

The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday.

Prospects are slim due to high deficits that the U.S. government will create a financing arm to underwrite big-ticket infrastructure projects, the chief executive of General Electric Co said on Wednesday.

President Hu Jintao of China is coming to America next week, to meet with President Barack Obama and discuss relations between the world’s two largest economies.

A suicide bomber on a motorbike killed two people and wounded more than 35 in Kabul on Wednesday and foreign troops suffered their bloodiest day this year with five deaths in different attacks around the country.

Ministers from Hezbollah and its Lebanese allies resigned Wednesday, toppling the government of Prime Minister Saad al-Hariri before expected indictments against the Shi'ite group over the killing of Hariri's father.

The United States wants a real, demonstrative commitment from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahead of next week's state visit by China's Hu Jintao.

President Barack Obama is getting a bump in his approval ratings from an improving economy but Americans want him to focus on reducing debt and spending, a Reuters/Ipsos poll showed on Wednesday.

President Barack Obama is set to deliver remarks in prime time at a memorial in Arizona on Wednesday for the victims of a shooting which left six people dead and 14 injured, including critically injured Rep. Gabrielle Giffords.

State-owned Bank of China Ltd has offered yuan trading to its U.S. customers, a sign that Beijing this year may increasingly promote the use of the Chinese currency in major financial centers.

China would welcome assurances its financial assets in the United States are safe, a senior diplomat said on Wednesday, ahead of President Hu Jintao's visit next week, but played down rifts between the two powers.

China shares broad common interests and goals with the U.S. on Korean peninsula issues, a senior Chinese diplomat said on Wednesday, ahead of Chinese President Hu Jintao's visit to the United States.

China would welcome assurance about the security of its financial assets in the United States, a senior diplomat said on Wednesday ahead of President Hu Jintao's visit next week, while playing down rifts between the two powers.

China would welcome assurance about the security of its financial assets in the United States, a senior diplomat said on Wednesday ahead of President Hu Jintao's visit next week, while playing down rifts between the two powers.

State-owned Bank of China Ltd has opened trading in the yuan currency to U.S. customers, according to a posting on the bank's website dated December 2010.

Arnold Fields, who was in-charge of investigating corruption from the United States, has resigned.

China has arrested more than 4,000 people for violating intellectual property rights since November and will enforce tougher punishments to combat the rampant problem, a senior government official said on Tuesday.

The presidents of the United States and the United States’ oldest ally, France, met today in Washington, and offered condolences to each other for recent violent tragedies suffered by each nation.

Jared Lee Loughner, who is held responsible for the killing of six people including a federal judge and critically wounding Gabrielle Giffords, Democratic Congresswoman from the state, is variously described as a right wing extremist, a mentally deranged killer, an anti-government fanatic, a white supremacist and as a die-hard leftist who adored Che Guevara.

Many of the U.S. economic indicators, including the unemployment data on Friday, over the past few weeks have given rise to the false belief that the economy is finally improving.