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Obama envoy says Palestinian statehood only option

U.S. envoy George Mitchell assured the Palestinians on Wednesday of Washington's commitment to a state of their own, calling its establishment the only viable solution to their conflict with Israel.

Senate Democrats unveil healthcare bill

Leading Senate Democrats unveiled on Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history.

U.S. industry warns of high costs from climate bill

Energy prices, from fuel for interstate trucking to electric utility costs, would rise significantly under climate change legislation pending in the U.S. Congress, industry officials said on Tuesday.

U.S. to unveil TARP pay rules by week's end: official

The Obama administration will unveil executive pay rules for firms receiving government aid by the end of the week and will name a pay czar with power to reject compensation plans at firms getting exceptional assistance, an administration official said late on Tuesday.

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Steep climb ahead for U.S. financial reforms

The Obama administration and congressional Democrats got a clear view on Tuesday of the uphill political path they face in pushing for tighter regulation of U.S. banks and financial markets.

Defense deals to grow, but more niche than mega

As the economic crisis squeezes U.S. government budgets and priorities shift beyond defense, the world's top defense contractors will likely turn to acquisitions to ensure they can keep growing.

U.S. envoy assures Israel of strong alliance

U.S. envoy George Mitchell said on Tuesday that Washington was seeking swift renewal of Israeli-Palestinian peace talks and promised Israel its alliance with the United States would remain strong despite differences.

U.S. top court judge delays Chrysler sale for now

The sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA was temporarily blocked by a U.S. Supreme Court justice on Monday, with no indication how long the delay would last.

Ailing Kennedy drafts vision of healthcare reform

President Barack Obama's quest to overhaul U.S. healthcare rests in part on the frail shoulders of Senator Edward Kennedy, a champion of the cause now in the second year of fighting deadly brain cancer.

Hezbollah accepts election loss, U.S. backs allies

Hezbollah leader Sayyed Hassan Nasrallah accepted on Monday the result of a parliamentary election in Lebanon in which his U.S.-backed opponents secured a majority over the Iranian-backed group and its allies.

Democrats stoke grassroots healthcare campaign

From a living room in Kansas to a bagel shop in New York to an Alabama church, Democrats have started mobilizing support for President Barack Obama's healthcare reform plans.

U.S. lawmaker urges action on generic biotech drugs

A senior U.S. Democratic lawmaker urged President Barack Obama on Monday to consider what can be done to speed access to cheaper versions of biotech medicines ahead of legislation aimed at achieving that goal.

U.S. top court considering Chrysler sale

The U.S. Supreme Court is weighing whether to allow the Obama administration-backed sale of bankrupt automaker Chrysler LLC to a group led by Italian automaker Fiat SpA.

Fed's Tarullo: Fed mulling executive pay proposal

The U.S. Federal Reserve is working on plans to make sure executive pay does not promote dangerous risk-taking, as part of steps to reform financial rules after a devastating crisis, a top Fed official said on Monday.

Tech cos enlist Democrat to blast Obama tax plan

A group of technology heavyweights, including chiefs of IBM and Motorola Inc enlisted a former Clinton administration economist to beat back President Barack Obama's plan to boost some taxes on overseas profits.

Are canned goods safer than U.S. government bonds?

Is Campbell's Soup a better bet than U.S. government debt?

Obama: 600,000 jobs to be saved, created

President Barack Obama on Monday pledged to deliver or save more than 600,000 jobs through the $787 billion stimulus plan this summer.

Obama wants immediate Mideast talks: Mitchell

U.S. President Barack Obama wants immediate talks between the Palestinians and Israel to forge a comprehensive Middle East peace agreement, U.S. envoy George Mitchell said on Monday.

Obama speeds projects to create, save 600,000 jobs

President Barack Obama said on Monday he expected to create or save 600,000 jobs over the next 100 days by expediting 10 major projects funded by a huge stimulus package that Congress passed in February.

North Korea jails U.S. journalists,warns U.N.

North Korea, facing U.N. sanctions for last month's nuclear test, on Monday raised the stakes in its growing confrontation with Washington by sentencing two U.S. journalists to 12 years hard labor for grave crimes.

Netanyahu wants maximum understanding with U.S

Israeli Prime Minister Benjamin Netanyahu said on Sunday he would strive for maximum understanding with Washington on peace issues but gave no sign he intends to bow to its demand to halt settlement expansion.

U.S. healthcare revamp to require medical coverage

U.S. lawmakers plan far-reaching insurance market reforms, and would require that businesses and individuals purchase medical coverage as they seek to overhaul the U.S. healthcare system, an early draft of Senate legislation said on Saturday.

Iran says U.N. report shows its nuclear work peaceful

Iran said on Saturday a new report from the United Nations nuclear watchdog showed Tehran's nuclear program was peaceful, despite Western suspicions it is aimed at making atomic bombs.

Obama says D-Day saved world from evil

U.S. President Barack Obama paid homage to the heroes of D-Day on Saturday, saying their assault on Normandy's beaches exactly 65 years ago had helped save the world from evil and tyranny.

Recovery timing, jobs key for 2010 U.S. vote

The U.S. recession may be over before the year ends, but the initial stage of recovery could see few new jobs, potentially leaving the 2010 congressional elections wide open.

Obama marks 65th D-Day anniversary in Normandy

U.S. President Barack Obama on Saturday marked the 65th anniversary of the D-Day landings on France's Normandy beaches, an important World War Two breakthrough in the battle against Nazi Germany.