Paul Volcker, senior economic adviser to President Barack Obama, said on Saturday that the U.S. economic recovery will be a long slog but that the rate of decline is going to slow.
Paul Volcker, senior economic adviser to President Barack Obama, said on Saturday that the U.S. economic recovery will be a long slog but that the rate of decline should slow.
President Barack Obama said on Friday the United States wants a new beginning with communist Cuba and was willing to work with its government on issues ranging from human rights to migration and the economy.
U.S. President Barack Obama stood by his auto task force head on Friday, saying Steven Rattner had not been accused of any wrongdoing related to an alleged pension kickback scheme in New York.
A week of Twitter mania culminated on Friday with actor Ashton Kutcher winning a popularity contest against cable news giant CNN on the Web platform and Oprah Winfrey sending her first tweet.
Leading Democratic senators and three of the largest U.S. banks are narrowing the scope of legislation that could let troubled homeowners avoid foreclosure through bankruptcy courts, several sources familiar with the negotiations said.
The Obama administration opened the way to regulating U.S. greenhouse gas emissions on Friday by declaring climate-warming pollution a danger to human health and welfare, in a sharp policy shift from the Bush administration.
Leaders from across the Americas gathered on Friday for a summit overshadowed by an intense debate over a possible reconciliation between the United States and Cuba and how this could be achieved.
U.S. President Barack Obama's Middle East envoy, George Mitchell, called on Friday for an Arab peace initiative to be part of a planned U.S. drive to create a Palestinian state.
Leaders from across the Americas gathered for a summit on Friday after the United States and Cuba said they were ready to talk to try to end a conflict that has marked the hemisphere for half a century.
Pakistan secured more than $5 billion in fresh aid over two years at a donors conference on Friday after President Asif Ali Zardari vowed to step up the fight against militants.
The United States is ready to talk to Cuba, Secretary of State Hillary Clinton said on Thursday as Caribbean leaders piled pressure on Washington to end its sanctions against the island.
U.S. President Barack Obama meets his counterparts in Latin America and the Caribbean on Friday, offering practical cooperation over the ideological differences that have strained U.S. ties with the region.
Top executives of credit card companies will meet Obama administration officials next Thursday at the White House, as the industry faces the possibility of legislation aimed at curbing deceptive practices, sources familiar with the plans said.
U.S. Vice President Biden detailed on Thursday the Department of Energy's plan to develop the smart-grid by distributing about $4 billion to utility companies and other groups involved into the task.
Senator John Kerry said after talks with senior Sudanese officials on Thursday Khartoum would allow some foreign aid to be restored in its western Darfur region but that it was not sufficient.
U.S. President Barack Obama and Mexico's President Felipe Calderon will collaborate in the US-Mexico Bilateral Framework on Clean Energy and Climate Change, a new association to promote renewable energy and lower carbon output, the White House announced Thursday night.
President Barack Obama opened the door on Thursday to more changes in U.S.-Cuba policy, but based them on Cuban reciprocation that analysts said may be difficult to get.
President Obama unveiled a plan Thursday on a system of high-speed railway service, hoping to stimulate the economy and help the environment.
In his second big trip abroad since becoming U.S. president, Barack Obama pledged strong support on Thursday for the Mexican government's fight against powerful drug cartels, who are waging turf wars along the border.
President Obama and his wife, Michelle, made $2.73 million last year and paid $855,323 in federal taxes, an amount that would increase by $102,000 if his budget plan were in effect.
MANAMA - Several foreign banks see huge untapped opportunities in Iran for Islamic finance, spurred on by hopes U.S. President Barack Obama's new approach toward the Islamic Republic will end years of sanctions hampering busines
