The U.S. Treasury Department will on Tuesday tap a $50 billion housing rescue fund to pay off mortgage investors and reduce monthly payments for millions of borrowers, said a senior administration official.
General Motors Corp on Monday offered its final plan to reorganize outside bankruptcy by slashing bond debt, cutting over 21,000 more U.S. jobs and emerging as a nationalized automaker under majority control by the U.S. government.
The cost of carbon capture and sequestration infrastructure in the United States that would include each of the coal-fired electricity plants in the country could cost over a trillion of dollars, industry experts told CBS news program 60 Minutes in a segment that aired on Sunday.
U.S. President Barack Obama proclaimed Monday April 26 through May 2 as National Crime Victims' rights week, honoring crime victims and pledging to fight future crimes.
President Barack Obama on Monday announced a goal of ensuring 3 percent of the country's gross domestic product is spent on scientific research and development.
Barack Obama has used his first 100 days in office to set a foundation for the rest of his presidency. Time will be the judge of how successful his early months have been in resolving major U.S. challenges.
Secretary of State Hillary Rodham Clinton told representatives of the world's 17 major economies that the United States is fully engaged in issues relating to climate change and is no longer absent without leave in the matter.
A college diploma has long been the ticket to a good job, but the deepest economic slump in decades has dampened the dreams of many U.S. college seniors.
The U.N. nuclear watchdog has failed to use all its powers or to beef them up if inspectors are obstructed, leaving the Non-Proliferation Treaty (NPT) in tatters, a former top agency official says.
British Prime Minister Gordon Brown flew to Afghanistan and Pakistan on Monday touting a new security strategy for the region as international alarm spreads over Taliban advances.
A U.S. business group said on Monday it was worried that protectionist sentiment could rise in both China and the United States as the global economy shrinks.
Releasing classified memos showing whether harsh Bush-era interrogation methods yielded useful information from terrorism suspects is not necessary, Republican Senator John McCain said on Sunday in a public disagreement with former Vice President Dick Cheney.
The prompt resolution of a 15-year old dispute over access to U.S. roads by Mexican trucks could be another casualty of the deadly swine flu outbreak, international trade experts said on Monday.
General Motors Corp on Monday announced plans to close plants, cut hourly workers and dealers and to eliminate its Pontiac brand in an effort to meet government demands for a quicker and deeper restructuring.
General Motors Corp on Monday announced plans to close plants, cut hourly workers and dealers and to eliminate its Pontiac brand in an effort to meet government demands for a quicker and deeper restructuring.
Countries such as the United States can come up with ideas for a U.N. climate pact beyond an April 24 deadline, the U.N. Climate Change Secretariat said on Friday.
There has been some progress in U.S. government-driven negotiations to save Chrysler LLC, according to a senior White House official, who on Sunday also did not rule out an attempt to complete the company's restructuring in bankruptcy.
President Barack Obama unveiled new steps on Saturday to restore U.S. fiscal discipline, including support for legislation that would require Congress to pay for any new programs by raising taxes or cutting other expenditures.
President Barack Obama on Friday called for the government to stop backing private loans to college students and replace them with direct government loans to young people.
U.S. President Barack Obama discussed North Korea's missile and nuclear weapons threat with Japan’s Prime Minister Tarso Aso in a telephone talk Friday.
A deadly strain of swine flu never seen before has killed as many as 61 people in Mexico and has spread into the United States, where several people were reported ill.
Democrats in Congress worked on Thursday to win over U.S. lawmakers skeptical of climate change legislation, while climate leader California took another major step with low-carbon rules on fuels that could be copied nationwide.