BARACK OBAMA

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Financial reform bill seen next week in Senate

Efforts to tighten financial regulation gained speed in the U.S. Senate on Thursday, with revised legislation seen as soon as next week from two key lawmakers now traveling together in Central America.

Fresh momentum in Congress on financial reform

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Efforts to tighten financial regulation picked up speed in the U.S. Senate on Thursday as a key committee targeted next week for the unveiling of revised legislation and the week after for a working session on it.

Small plane crashes into tax offices in Texas

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An apparently disgruntled man crashed a small plane into a federal building housing U.S. tax offices in Austin, Texas on Thursday, and federal officials said it may have been a deliberate attack.
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NATO may need 30 days to secure Taliban stronghold

NATO and Afghan troops have hit pockets of stiff resistance in Marjah, the Taliban's main stronghold in southern Afghanistan, and may need another month to fully secure the area, a NATO commander said on Thursday.
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Consumers spent at 2009 levels in January

American consumers say they reduced their spending in January to levels similar to early 2009, when the U.S. economy was still in recession, according to a Gallup poll released on Thursday.
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Timeline: The obstacle course for U.S.-China ties in 2010

Ties between China and the United States will be tested this year by many issues: currency, trade, Internet censorship, human rights, U.S. arms sales to Taiwan and President Barack Obama's meeting on Thursday with the Dalai Lama.
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Kyoto risks dying, no new climate deal in sight

Efforts to extend the Kyoto climate pact framework risk collapse in a setback to years of diplomatic bargains, as chances fade that the United States will join other rich nations in capping emissions.
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Obama to meet Dalai Lama despite Chinese warning

U.S. President Barack Obama will host the Dalai Lama at the White House on Thursday despite China's warning that the meeting with the exiled Tibetan spiritual leader could further damage strained ties.
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Housing starts post sharp rebound

Housing starts rose to a six-month high in January and industrial output increased solidly, pointing to an economic recovery that was taking a firm hold and respectable first-quarter growth.
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China seen allowing stronger yuan in 2010

Beijing is likely to let its currency begin rising in value again this year in response to growing pressures at home and abroad, two U.S. private sector specialists on China said on Wednesday.
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On anniversary, Obama defends economic stimulus

President Barack Obama vigorously defended his $787 billion stimulus on Wednesday, insisting it rescued Americans from the worst of the economic calamity and ripping Republican critics who called it a waste.
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Housing starts hit 6-month high, output rises

U.S. housing starts rose to a six-month high in January and industrial output increased solidly, pointing to an economic recovery that was taking a firm hold and respectable first-quarter growth.
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White House insists healthcare summit no trap

The purpose of the Obama administration's upcoming summit on healthcare is to find solutions to issues like soaring insurance premiums, not score political points against the Republicans, the White House insisted on Tuesday.
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Earnings, economic optimism boost Wall Street

U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.
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Bank tax idea gains traction, still ill-defined

World leaders want banks and financial firms to pay up for government interventions -- past and future -- to stabilize the international financial system. While details are sketchy, some form of bank balance sheet tax appears to be gaining ground.
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Obama unveils plan to build nuclear plants

President Barack Obama announced $8.3 billion in loan guarantees on Tuesday to build the first U.S. nuclear power plant in nearly three decades in a move designed to help advance climate legislation in Congress.

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