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Obama okays U.S. Exim bank loans for Cambodia, Laos

President Barack Obama has cleared the way for the U.S. Export-Import Bank to help finance exports of U.S. goods to Laos and Cambodia, the White House said on Friday.

Both sides claim victory in Iran election

State media declared President Mahmoud Ahmadinejad the winner of Iran's election on Friday, but challenger Mirhossein Mousavi alleged irregularities and claimed victory for himself.

Summers defends govt intervention as necessary and temporary

Chief White House Economic Adviser Lawrence Summers said on Friday that government intervention was only temporary and that the government was by no means trying to take over business.

U.S. imports dispute over China tires gets important ruling next week

The U.S. government’s agency for international trade will determine by June 18 if certain tire imports from China cause or are threatening to cause market disruption to domestic tire makers and will transmit its findings to President Obama and the U.S. trade representative the next day.

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Iranians vote in droves, rival victory claims

Iranians streamed to polling stations on Friday in a hotly contested election and allies of hardline President Mahmoud Ahmadinejad and his main moderate challenger issued rival victory claims.

Bill regulating tobacco heads to Obama

U.S. lawmakers took the final steps on Friday to pass sweeping legislation giving the U.S. Food and Drug Administration broad authority over cigarettes and other tobacco products, sending the bill to the president to be signed into law.

U.S. climate bill, U.N. pact seen more likely in 2010

The U.S. energy bill may not pass until next year, which could also delay an agreement to extend the Kyoto Protocol on cutting global greenhouse gas emissions until 2010, experts said on Thursday.

North Korea to prepare third nuclear test

North Korea may be preparing for its third nuclear test as the United Nations considers new sanctions on the regime, according to a U.S. government official.

Mobile apps to spur broadband spending: U.S. tech czar

The U.S. government's new technology czar said on Thursday that new mobile phone applications could spur private investment in high-speed Internet connections, but Washington would also play a leadership role.

Obama pushes for health care reform

President Barack Obama on Thursday presented his plan to reform the healthcare system to the public to a town hall in Green Bay, Wisconsin.

U.S. skeptical Netanyahu will back down: diplomats

The United States doubts a policy speech Israeli Prime Minister Benjamin Netanyahu is to deliver next week will satisfy President Barack Obama's peacemaking demands, Western diplomats said on Thursday.

Obama administration steps up push to oversee pay

The Obama administration stepped up efforts on Thursday to push for measures to tie executive pay at all publicly traded companies more closely to performance, but faced some skepticism from lawmakers.

Obama presses healthcare overhaul in U.S. heartland

President Barack Obama took his push for healthcare to the U.S. heartland Thursday, calling the current system unsustainable and vowing not to tolerate

Ex-government cyber official, exec mulled for czar job

Microsoft's security chief and a veteran of Clinton's and Bush's national security teams are leading candidates for cybersecurity czar, a job that needs White House access and clout to protect networks that underpin the U.S. economy.

U.S. green economy needs plan to hit potential: study

The United States should pass a comprehensive energy plan to ensure the number of jobs in environmental fields, such as renewable energy and cutting air pollution, will keep rising as they did in the decade to 2007, a Pew report said on Wednesday.

Egypt's Mubarak says Obama has new approach to Islam

Barack Obama has presented a fresh understanding of Islam not shown by predecessors, Egyptian President Hosni Mubarak said in his first interview since the U.S. president addressed the Muslim world from Cairo.

May U.S. foreclosures third highest on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.

May U.S. foreclosures 3rd highest on record

May U.S. foreclosures 3rd highest on month on record

U.S. college grads shun Wall Street for Washington

Wall Street may be losing its luster for new U.S. college graduates who are increasingly looking to the government for jobs that enrich their social conscience, if not their wallet.

U.S. names pay czar of bailout companies

The Obama administration on Wednesday named Kenneth Feinberg, the lawyer who oversaw the government's compensation fund for victims of the September 11, 2001, attacks, as its pay czar to police compensation of top earners at companies receiving exceptional government aid.