BARACK OBAMA

U.S. banks make final plea as stress tests conclude

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The United States' largest banks made their case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise $10 billion.
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Obama to meet Afghan, Pakistan leaders on strategy

President Barack Obama presents his strategy for defeating al Qaeda to the leaders of Afghanistan and Pakistan on Wednesday amid growing U.S. concern it is losing the war and neither is a reliable ally.
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Obama seeks tax changes for U.S. firms overseas

President Barack Obama on Monday will propose changing provisions in the tax code that he says encourage U.S. companies to move jobs overseas, as part of a broader package aimed at saving $210 billion over 10 years.
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EU urges Internet governance revamp

The body in charge of assigning Internet addresses such as .com and .net should be shorn of its U.S. government links from October and made fully independent, the European Union's information society chief said on Monday.
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Obama says financial sector to shrink

The financial sector will make up a smaller part of the U.S. economy in the future as new regulations clamp down on massive risk-taking, President Barack Obama said in an interview published on Saturday.
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Mexico sees flu stabilizing but world on guard

Mexico's flu outbreak appeared to be stabilizing on Saturday but officials warned it was too early to ease vigilance against an unpredictable virus which still threatens a global pandemic.
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Cyber chief needs to be in White House: experts

The cybersecurity chief named to battle Internet viruses and larger challenges facing the information technology networks used by U.S. companies and national defense should be based in the White House, experts told a congressional panel on Friday.
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U.S. confidence rising but auto sales still weak

U.S. consumers felt much more upbeat about the economy in April, a month when the country's battered manufacturing sector also appeared to be crawling out of a deep recessionary hole, reports showed on Friday.
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Biden to visit Balkan states in mid-May

U.S. Vice President Joe Biden will visit Bosnia, Serbia and Kosovo during the week of May 18, focusing on a region that so far has not been high on the Obama administration's foreign policy agenda.
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Consumer sentiment soars as confidence returns

U.S. consumers felt more confident about the economy last month than at any time since the September failure of Lehman Brothers that pushed global banking to the brink of collapse, a survey showed on Friday.
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U.S. confidence rising as economic gloom abates

U.S. consumers felt much more upbeat about the economy in April, a month when the nation's manufacturing sector also appeared to be crawling out of a deep recessionary hole, reports showed on Friday.
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Supreme Court Justice Souter to retire in June

Supreme Court Justice David Souter told the White House of his plans to retire in June, a source familiar with his plans said Thursday night, leaving the position open for President Obama to appoint his first Supreme Court justice.
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U.S. wants Cuba to act like slave: Fidel Castro

Former Cuban leader Fidel Castro on Thursday derided U.S. steps toward improving relations with the communist island, saying the United States wants Cuba to act like a slave willing to accept again the whip and the yoke.
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Supreme Court Justice Souter plans to retire

U.S. Supreme Court Justice David Souter plans to retire, giving President Barack Obama his first chance to make an appointment to the nation's highest court, a government official said.
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Chrysler files for bankruptcy; inks Fiat deal

Chrysler LLC filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat, after being pummeled by sliding auto sales and unable to reach agreement on restructuring its debt.
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U.S. House acts to protect credit card users

The U.S. House of Representatives overwhelmingly voted on Thursday in favor of legislation to protect credit card users from hidden fees, sudden interest rate hikes and questionable billing practices.

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