President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
The Federal Reserve would take on a greatly expanded role in financial regulation under new legislation unveiled on Monday by a top Senate Democrat, in a push to move ahead with the regulatory reform that has been a top priority of President Barack Obama.
President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
President Barack Obama was in Ohio on Monday to urge Congress to pass health care reform as he brought to the spotlight the case of Natoma Canfield, an Ohio woman who dropped her insurance coverage and a few months later was diagnosed with leukemia.
The U.S. Department of State is urgently advising travelers to take precautions when visiting Mexico during the spring break amid increased drug-related violence in the nation.
The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill on financial regulatory reform unveiled on Monday by the chairman of the Senate Banking Committee, Christopher Dodd.
(Reuters) - White House officials on Sunday confidently predicted quick final passage of healthcare reform but a top Democratic vote-counter said the party still needs to line up more support in the House of Representatives.
Prime Minister Benjamin Netanyahu rejected on Monday any curbs on Jewish settlement in and around Jerusalem, defying Washington in Israel's deepening crisis with U.S. President Barack Obama's administration.
President Barack Obama on Monday delivered an emotional closing argument for his healthcare plan, kicking off a week he hopes will end with a conclusive vote in Congress after a year of debate.
Officials from eight nations including the United States began talks on a transpacific trade deal on Monday in a move Australia said could add momentum to stalled World Trade Organization talks.
The Federal Reserve would win sweeping new powers over nonbank financial firms and keep much of its authority over banks, under revised legislation to be unveiled on Monday by the chief architect of financial reform in the Senate.
Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful and even a form of trade protectionism, vowing that Beijing would stick to its own course for currency reform.
Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful, vowing that Beijing would stick to its own course for currency reform while also warning of global economic risks.
Taliban suicide bombers struck across Afghanistan's southern city of Kandahar on Saturday, killing 30 people and wounding scores in a series of strikes the militants called a message to NATO.
A bipartisan financial regulation reform bill could still be worked out in the Senate, despite a breakdown in negotiations, key Republicans said in a letter obtained by Reuters on Saturday.
Israel's relationship with the United States, a defining feature of the troubled Middle East, was under severe strain as diplomats scrambled on Saturday to save newborn U.S.-brokered peace talks with the Palestinians.
Senator Charles Schumer said on Friday he plans to move forward soon on legislation aimed at stopping China from manipulating its currency.
President Barack Obama on Friday delayed an overseas trip to focus on the final drive for healthcare reform as the House of Representatives prepared to vote on the sweeping overhaul next week.
San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday.
San Francisco Federal Reserve Bank President Janet Yellen is a leading contender to be nominated by President Barack Obama as vice chair of the central bank, a senior administration official said on Friday.
In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.
