President Obama’s military office aide resigned on Friday after an uproar over a low altitude flight by a jumbo jet used as Air Force One he approved over New York City which led bystanders to believe was part of another terrorist attack.
A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.
U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.
The month of April was no different to the previous as U.S. employers were once again left with no option but to slash their workforce yet again as the recession took another bite of the economy, slashing jobs by 539,000.
Fannie Mae , the largest provider of U.S. home mortgage funding, said on Friday it needs more capital from the U.S. Treasury after a $23.2 billion loss in the first quarter and warned government housing programs would cut deeper into its profitability.
A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the embattled automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.
U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.
Pakistani forces have killed 143 militants over the past 24 hours in fighting in the Islamist bastion of Swat northwest of the capital, the military said on Friday.
U.S. Defense Secretary Robert Gates is expected to appoint a three-star general to boost the U.S. military leadership in Afghanistan, the Wall Street Journal reported Friday.
President Barack Obama's $3.55 trillion budget, released on Thursday, retains his plan to cut climate-warming carbon dioxide emissions by auctioning off 100 percent of emission permits to industries.
President Barack Obama's administration has decided it wants to terminate the Yucca Mountain nuclear waste storage facility project officially.
The oil and gas industry is opposing President Barack Obama's proposal to Congress to cut tax breaks for the industry saying it will cripple small businesses and punish American natural gas production.
Google is more than a fabulously successful company -- it is a cultural phenomenon facing increasing U.S. government scrutiny despite its chief executive's campaign support for President Barack Obama.
U.S. regulators told top banks on Thursday to raise $74.6 billion to build a capital cushion officials hope will restore faith in financial firms and set a course out of the deepest recession in decades.
The U.S. government was preparing on Thursday to draw a line separating the weak from the strong in the banking sector in an attempt to put the worst of the financial crisis behind it.
U.S. special envoy Scott Gration called on Sudan on Thursday to carry out credible elections, due next year, and pledged Washington's support for a referendum on southern independence set for 2011.
Investors braced for the release of bank stress test results that will separate the weak from the strong and force some top banks to raise billions of dollars in capital.
The detailed version of President Barack Obama's budget unveiled on Thursday maintains a $250 billion placeholder for additional financial rescue efforts should that money be needed, an administration official told Reuters.
Renewed peace talks between Israel and the Palestinians must tackle core issues including Jerusalem, Middle East envoy Tony Blair said, raising the specter of a clash with Prime Minister Benjamin Netanyahu.
President Barack Obama's Defense Department plans to create 20,000 new government jobs to help revise how it buys more than $100 billion of weapons each year, the Pentagon's No. 2 official told Congress.
President Barack Obama, facing criticism from Republicans as well as fellow Democrats over huge budget deficits, will propose on Thursday shaving $17 billion from a 2010 budget that will still hover around $3.5 trillion, an administration official said on Wednesday.
President Barack Obama warned on Wednesday of more violence in Pakistan and Afghanistan, but said his government was still committed to defeating al Qaeda, while trying to avoid civilian deaths on those countries.
