Employers hired fewer workers than expected in December and a surprisingly large number of people gave up searching for work, tempering the positive news of a big drop in the unemployment rate.
Ben Bernanke will not get an easy pass from U.S. lawmakers on Friday as the Federal Reserve chairman delivers his first congressional testimony since the central bank launched a controversial bond-buying policy.
President Barack Obama today appointed William Daley as the new White House chief of staff.
Shares in BP Plc and Transocean shrugged off a scathing report from U.S. Presidential panel which blamed the United States' worst ever oil spill on risky decisions the companies made.
President Barack Obama on Wednesday renominated economist and Nobel laureate Peter Diamond to the Federal Reserve Board, sticking with a pick that has already been thwarted by Senate Republicans twice.
The yuan exchange rate is not the main cause of the trade imbalance between China and the United States, the Chinese Foreign Ministry said on Thursday.
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said on Wednesday.
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said on Wednesday.
House Republicans wasted no time in going after President Obama’s healthcare reforms of 2010.
Robert Gibbs, President Obama’s press secretary is leaving the White House. He will depart some time after the President’s State of the Union address on Jan. 25, the administration said today.
Republicans scaled back plans for deep cuts in U.S. government spending as they took power in the House of Representatives on Wednesday, diluting a key promise that helped them to victory in November's election.
Professor returns to teach at the Kennedy School of Government after spending two years as Assistant to the President for Economic Policy and Director of the White House National Economic Council (NEC).
The Federal Reserve felt at its December meeting that the U.S. economy still needed help despite signs of strength, according to minutes released on Tuesday that showed little appetite to trim bond-buying plans.
Federal Reserve officials in December felt the U.S. economic recovery was still weak enough to warrant monetary support despite growing signs of strength, Fed meeting minutes released on Tuesday showed.
Shares in oil major BP hit a six-month high on Tuesday after reports rival Royal Dutch Shell considered a takeover bid, and that economic damages from its oil spill will be lower than forecast.
To the victor go the spoils. The GOP retook the House of Representatives in the November elections and, on Wednesday, they will officially take control, with each House member – all 242 Republicans and 193 Democrats -- taking the oath of office and Rep. John Boehner, R-OH, being sworn in as Speaker.
Wall Street stocks surged more than 1 percent as the new trading year kicked off on Monday and the rally of late 2010 resumed on encouraging signs about the economic outlook and a seasonal effect.
Hope, despair, promises and more promises. World leaders have spelled out their intent, or say an 'action plan' for the coming year. Note them all, some merely possible, some probably intricate others perhaps a bunch of lies.
After nearly two decades of hearing don't ask, don't tell, gay U.S. military men and women are now hearing, do ask, do tell, and even, find a friend from a new social network website, Out Military.
The federal judge in the Washington District of Columbia has granted preliminary approval to a long-running and highly contentious $3.4 billion Cobell Settlement - a move that could end the class action litigation over the mismanagement of trust fund assets for hundreds of thousands of Native Americans.
The US Congress has banned ''silent'' vehicles to improve safety for pedestrians, cyclists and other road users.
In a 'reciprocal' act to Hugo Chavez's rejection of President Barack Obama's choice of ambassador to Caracas, US revoked the visa for Venezuela's ambassador in Washington.
