President Barack Obama's pay czar on Wednesday predicted the issue of hefty bonuses for AIG employees would end in March and denied a Republican claim that the firm outmaneuvered the Obama administration.
Pakistan's Taliban claimed responsibility for a bomb on Wednesday that killed three U.S. soldiers outside a girls school in the northwest of the country and threatened more attacks on Americans.
China warned President Barack Obama on Wednesday that a meeting between him and the Dalai Lama would further erode ties between the two powers, already troubled by Washington's arms sales to Taiwan.
An Illinois Democrat who won his party's nomination on Tuesday to campaign for Barack Obama's vacant Senate seat struck a populist tone, attacking his Republican opponent as part of the Washington establishment.
White House economic adviser Paul Volcker on Tuesday told Congress to curb risky investing by big banks, warning his soul would haunt lawmakers when the next banking crisis hits if they did not heed him now.
One of President Barack Obama's top advisers argued on Tuesday to impose new limits on commercial banking activity, noting strong conflicts of interest in financial institutions' proprietary or private investment activity.
The U.S. space agency on Tuesday awarded $50 million in grants to five private firms in a first step to implement President Barack Obama's vision of turning over space transportation to the commercial sector.
President Barack Obama still plans to meet the Dalai Lama, the White House said on Tuesday, despite China's warning that such a meeting would hurt ties already strained by U.S. weapons sales to Taiwan.
President Barack Obama plans on Tuesday to unveil his proposed $30 billion funds for Small Business Lending at a town hall meeting in Nashua, New Hampshire.
In releasing his fiscal 2011 budget on Monday, President Barack Obama said his proposal includes funds to lay the groundwork for these reforms. Instead of dramatic action, the plan seeks to boost health information technology, cheaper generic drugs and certain Medicare payment changes.
A Democratic senator said on Tuesday he has asked 30 U.S. companies, including Apple, Facebook and Skype, for information on their human rights practices in China in the aftermath of Google's decision to no longer cooperate with Chinese Internet censorship efforts.
President Barack Obama would meet the Tibet's exiled spiritual leader Dalai Lama, the White House said on Tuesday.
The Obama administration is prepared to impose fees on financial firms for as long as necessary to ensure that every cent spent on bailing out banks is repaid, Treasury Secretary Timothy Geithner said on Tuesday.
White House economic adviser Paul Volcker, whose star is rising in the Obama administration, will urge Congress on Tuesday to rein in risky investing by big banks, according to testimony obtained by Reuters.
The Obama administration is prepared to impose fees on financial firms for as long as necessary to ensure that every cent spent on bailing out banks is repaid, U.S. Treasury Secretary Timothy Geithner said on Tuesday.
White House economics adviser Paul Volcker will urge Congress on Tuesday to rein in risky investing by big banks to help prevent them becoming too big to fail, according to testimony obtained by Reuters.
Treasury Secretary Timothy Geithner appealed to Republicans on Tuesday to join a bipartisan bid to wrestle down soaring deficits that he blamed largely on the former Bush administration.
Gloomy budget forecasts will shadow President Barack Obama as he takes his economic message on the road on Tuesday, seeking to reassure Americans he has a plan to tackle high unemployment and surging debt levels.
White House adviser Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as too big to fail, according to testimony obtained by Reuters on Monday.
(In Feb 1 story, corrects $159 million to billion in first paragraph, and corrects name of defense secretary in paragraph 6)
(In Feb 1 story, corrects $159 million to billion in first paragraph, and corrects name of defense secretary in paragraph 6)
President Barack Obama will propose on Tuesday using $30 billion from the TARP bank bailout program for a small business lending fund to try to spur job growth in a critical sector of the U.S. economy.
