BARACK OBAMA

Geithner says zeal for bank reform intact

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Treasury Secretary Timothy Geithner insisted on Saturday that major economies were not easing up on their commitment to stiffen the rules for banks just because the global economy was recovering.

G7 agrees banks must help pay crisis costs

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Group of Seven officials agree banks must contribute toward the cost of dealing with the financial crisis but have not agreed on how they should pay, a German official said on Saturday.
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G7 focuses on Europe debt

Finance chiefs from the world's rich powers focused on the euro zone's debt crisis at an Arctic summit and a top official said Europe was determined to solve its problems without the International Monetary Fund.
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Jobless rate at 9.7 percent, 20,000 jobs cut

The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
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Jobless rate fall to 9.7 percent, 20,000 jobs cut

The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
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White House says January jobs report encouraging

The White House on Friday welcomed the Labor Department's report that the unemployment rate had fallen to a five-month low, saying it showed encouraging signs of gradual labor market healing.
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Obama says healthcare may be 2010 election issue

He spoke at a Democratic National Committee fund-raising reception at which he sought to boost the morale of party loyalists in the wake of the Democrats' loss of a 60-vote supermajority in the Senate when Republican Scott Brown won in Massachusetts last week.
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Obama moving to expand credit for small businesses

President Barack Obama, looking for ways to drive down high U.S. unemployment, will announce plans on Friday to expand credit for small businesses, a main source of job creation in the United States.
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Unemployment rate falls to 9.7 percent, 20,000 jobs cut

Employers unexpectedly cut 20,000 jobs in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.
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Payrolls fall in January, jobless rate at 5-month low

Employers unexpectedly cut 20,000 jobs in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.
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Employers likely added 5,000 jobs last month

U.S. employers probably stopped cutting jobs and added 5,000 payrolls in January, the second monthly gain since the recession started in December 2007, the government is expected to report on Friday.
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Jobless claims rise, productivity stays high

The number of U.S. workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were closer to adding to payrolls.
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Senator Dodd blasts banks at hearing on reforms

The chairman of the U.S. Senate Banking Committee, Christopher Dodd, blasted banks and Wall Street on Thursday for a refusal to work with Congress on financial reforms that borders on insulting to the American people.
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U.S. commander sees signs of progress in Afghanistan

The top U.S. and NATO commander in Afghanistan said on Thursday the security situation remained serious but was no longer deteriorating, offering a more upbeat assessment than other U.S. military and intelligence officials.
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Goldman exec backs reforms at Senate hearing

A prominent Goldman Sachs Group executive expressed support on Thursday for some of the many financial regulation reforms being considered by Congress since taxpayers bailed out his firm and others like it.
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Jobless claims rise but productivity stays high

The number of workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were getting close to adding to payrolls.
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Health spending to get bigger share of economy

Economists at the Centers for Medicare and Medicaid Services, known as CMS, said in a new report that the national healthcare spending will grow an average 6.1 percent a year over the decade to $4.5 trillion in 2019, about 1.7 percent faster than the overall economy.
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China hits back at Obama over currency

China dismissed U.S. threats to get tough on trade and exchange rates to ensure American goods are not disadvantaged, saying on Thursday that its currency was at a reasonable level.
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Asia shares slide; Toyota sinks to ten-month low

Lingering concerns about the global economy and a host of negative local factors pushed Asian stocks lower on Thursday, with Toyota hitting a 10-month low on investor concerns over its massive vehicle recall.
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U.S. official's remark fans flames in Toyota crisis

The top U.S. transportation official on Wednesday warned Toyota owners caught up in its massive recall to stop driving their cars, triggering alarm and confusion in a crisis that has engulfed the automaker.

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