The National Association of Realtors (NAR) on Thursday announced that sales of existing homes in the U.S. rose for the third consecutive month in June, suggesting that the troubled housing market may be hitting bottom, private data showed Thursday. According to the NAR, existing home sales rose to an annualized rate of 4.89 million units which is above the 4.84 million units analysts were expecting. This is fueling hopes that housing and the overall economy is showing signs of recovery.
President Barack Obama pressed his case for an overhaul of the U.S. healthcare on Wednesday in a nationally televised news conference. He also addressed concerns about the economy.
Here are some quotes from the news conference:
President Barack Obama used economic arguments on Wednesday to pitch healthcare reform to middle-class Americans but offered few new ideas to galvanize action from either skittish Democrats or a divided Congress.
President Barack Obama's drive to overhaul the U.S. healthcare system faces uncertain prospects as lawmakers struggle to find agreement on cutting costs and funding the $1 trillion program.
The outcome is at a critical juncture in the U.S. Congress. Here are some possible scenarios involving shortfalls in reaching his goals as planned:
President Barack Obama said on Wednesday a broad healthcare overhaul was critical to a U.S. economic recovery and urged Congress to take advantage of momentum behind the reform package, despite doubts about the plan even among fellow Democrats.
A growing shortage of primary care doctors could place a major burden on the U.S. healthcare system if President Barack Obama succeeds in extending medical insurance to millions of Americans who currently lack it.
A plan to bring the ballooning U.S. deficit under control passed the U.S. House of Representatives on Wednesday, requiring Congress to find savings to offset tax cuts or spending increases.
President Barack Obama said on Wednesday he realized Americans were skeptical about his healthcare overhaul, but that the country's economic recovery depended on implementing the $1 trillion plan.
U.S. President Barack Obama said on Wednesday a broad healthcare overhaul was critical to an economic recovery and promised to push a reform package through Congress this year despite growing doubts about the plan, even among fellow Democrats.
The U.S. economy is no longer on the brink of disaster but recovery will be slow and the jobless rate will remain stubbornly high in coming quarters, White House Budget Director Peter Orszag said on Wednesday.
U.S. Secretary of State Hillary Clinton sketched out on Wednesday how the United States might cope with a nuclear Iran -- by arming its allies in the Gulf and extending a defence umbrella over the region.
Surrounded by corn fields and cattle, the people of southeast Kansas seem far from the Washington debate on reforming U.S. healthcare but many care deeply about the issue and hope that change can come.
Some of the ideas proposed for U.S. healthcare reform could cost patients thousands of dollars a year out of their own pockets, and premiums could end up being too high, according to two reports.
U.S. President Barack Obama will plead his case for a broad healthcare overhaul in a prime-time news conference on Wednesday, with doubts growing about the plan even among his fellow Democrats and polls showing slipping public support.
The Obama administration's plan to form a new Consumer Financial Protection Agency, a central part of its bold regulatory reform agenda, sailed onto the shoals of congressional delay on Tuesday.
Alternative energy jobs can provide vocations across many sectors of the economy but policy to spark them can take years to develop, U.S. governors told a Senate committee on Tuesday.
Iraqi Prime Minister Nuri al-Maliki meets President Barack Obama on Wednesday in a visit aimed at asserting Iraq's newfound sovereignty and encouraging foreign investors to return to the war-ravaged country.
The U.S. Senate voted on Tuesday to stop production of the F-22 fighter plane, handing President Barack Obama a victory as he tries to rein in defense spending.
The Treasury Department said on Tuesday it hopes new disclosure and conflict of interest rules will curb the power of credit rating agencies that have been blamed for fueling the recent financial crisis.
Obama this morning admitted that when it comes to fashion, “I'm a little frumpy†he said in an interview with Meredith Vieira from Today show.
Business lender CIT Group's troubles are raising questions about the Federal Reserve's ability to pinpoint a firm's problems and put it back on the right track.
President Barack Obama said on Tuesday U.S. healthcare reform was closer than ever but there was still work to do as his top policy initiative, already rejected by Republicans, ran into trouble with his own Democrats.