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Iran says its nuclear rights must be recognized

Major powers will only achieve results in their meetings on Iran if they adopt a realistic approach and recognize its nuclear rights, the Islamic Republic's Foreign Ministry spokesman said on Sunday.

Congress makes job creation top 2010 priority

Members of the U.S. Congress begin 2010 scrambling to reduce the double-digit U.S. jobless rate, knowing their own jobs will be at stake in the November election if they fail to deliver.

Clinton flies to Haiti as quake victims await aid

Secretary of State Hillary Clinton flew to Haiti on Saturday carrying relief supplies as the U.S. poured in massive aid four days after the earthquake that local officials say killed up to 200,000.

UK hopes to profit from bank rescue

The British government still hopes to make a profit from its multi-billion-pound rescue of major British banks during the financial crisis, Prime Minister Gordon Brown said on Saturday.

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Europe hails but won't copy Obama bank fee plan

Europe's leading economies showed no sign on Friday of adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts but vowed to press on with their own ideas to target the sector. The president of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said Obama was right to propose the plan, which foresees Wall Street banks paying up to $117 b...

Crisis tax threatens recovery for Europe banks

A crisis tax proposed by the Obama administration would cut substantially into bank earnings across Europe and could sidetrack the sector's recovery, analysts and industry officials said Friday.

Democrats reach deal on Cadillac health tax

President Barack Obama and congressional Democrats scored a victory in healthcare talks on Thursday, winning labor union support for a revised tax on high-cost insurance plans and possibly clearing the way for a final agreement.

Obama ally Reid in danger of losing re-election bid

U.S. Senate Majority Leader Harry Reid may pay the ultimate political price for championing President Barack Obama's liberal agenda: He could lose his seat back home in Nevada.

House Democrat says healthcare deal very close

Congressional Democrats are very close to reaching final agreement on healthcare reform legislation and could have a deal in days, House of Representatives Democratic Leader Steny Hoyer said on Friday.

U.S. financial companies paid $145 billion in 2009: report

Total pay at U.S. banks and securities companies jumped nearly 18 percent to a record $145 billion in 2009, the Wall Street Journal estimated in an analysis published in its online edition on Thursday.

Jobless rate to stay above 8 percent until 2012: CBO

The U.S. unemployment rate, currently at 10 percent, is unlikely to drop below 8 percent before 2012 unless Congress takes further steps to boost the economy in the short term, the non-partisan Congressional Budget Office said on Thursday.

Banks, experts eye possible ways around Obama fee

No sooner does Washington propose a new tax than an army of experts tries to figure out ways to avoid it.

Financial crisis panel to call Greenspan, Cox

U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.

Obama proposes bank fee, slams Wall Street

President Barack Obama on Thursday proposed Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout, as he slammed bankers for their massive profits and obscene bonuses.

Retail sales fall unexpectedly, jobless claims up

U.S. consumers unexpectedly curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on the durability of the economic recovery once government support fades.

Obama Pledges $100 Million in Aid to Haiti

President Barack Obama pledged $100 million for Haiti relief aid on Thursday and enlisted the help of two former U.S. presidents, promising Haitians: You will not be forsaken.

U.S. financial crisis panel to call Greenspan, Cox

Obama administration pledges $100 million for Haiti relief efforts

President Barack Obama made Haiti relief efforts a top priority for the U.S. government on Thursday.

Wall St little changed; techs gain ahead of Intel

U.S. stocks traded flat to slightly higher on Thursday as upcoming earnings from Intel Corp spurred interest in technology shares, though gains were limited by an unexpected drop in December retail sales.

U.S. tells Abbas pushing hard for Mideast talks

A senior U.S. envoy told the Palestinian president on Thursday that Washington is working hard to find a way to broker a resumption of peace talks with Israel, a senior Palestinian official said.

Retail sales unexpectedly fall, jobless claims up

U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades.

Obama proposes bank bailout fee, criticizes bonuses

President Barack Obama proposed a Financial Crisis Responsibility Fee on Thursday to make big banks and other financial institutions repay taxpayer funds that helped bail them out during the financial crisis.

Obama to announce $120 billion fee on big bank transactions

President Barack Obama is set to announce this morning a 'financial crisis responsibility fee' that may generate $90 to $120 billion dollars for tax payers over the next 10 years, the White House said late Wednesday, according to media reports.

Obama to propose bank fees to recoup bailout funds

President Barack Obama on Thursday will propose major U.S. financial firms pay a fee to protect taxpayers from up to $117 billion in losses on a bank bailout that has spurred fury at Wall Street excess.

FDIC's Bair: Regulators failed in financial crisis

Financial regulators, lulled into inaction by soaring bank and Wall Street profits, failed to protect Americans from the 2008 financial crisis, a senior U.S. official told an investigative panel on Thursday.

Democrats see progress in White House healthcare talks

In their first face-to-face talks on merging health bills in the Senate and House of Representatives, Democratic leaders worked through differences on how to pay for the overhaul, how to structure new insurance exchanges and a host of other issues.