BARACK OBAMA

U.S. President Barack Obama said on Thursday the United States would lead by example in combating climate change so that developing nations such as India and China would follow suit.

The Democratic-controlled U.S. Congress on Thursday approved budget blueprints embracing President Barack Obama's agenda but leaving many hard choices until later and a government deeply in the red.

World leaders drew praise on Friday not so much for the boldness of their $1.1 trillion package to help revive the global economy as for at least not making the crisis worse by failing to agree.

Hollywood and Washington have long enjoyed a close, if often tense, relationship. There is, of course, the old saying that Washington is Hollywood for ugly people.

Russian President Dmitry Medvedev said Thursday that the United States was ready to discuss different ideas on the deployment of a U.S. missile defense system in Europe, which Moscow strongly opposes.

The U.S. House of Representatives on Thursday passed a federal budget that embraces President Barack Obama's initiatives on healthcare, energy and education but leaves the government deeply in debt for the foreseeable future.

President Obama called the G20 summit on Thursday a turning point in the effort to pursuit of global economic recovery and praised the nation's joint efforts as a historic step on the road to stability.

Riot police clashed with hundreds of protesters on Thursday ahead of a NATO summit of world leaders, firing repeated rounds of tear gas and rubber bullets to try to disperse the crowds.

North Korea's missile preparations suggest Pyongyang could launch a satellite into space as early as Saturday, an American defense official said on Thursday as the U.S. military monitored the situation.

World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again.

Congressmen Henry A. Waxman and Edward J. Markey released Thursday a draft of clean energy legislation which aims to create jobs, reduce the nation’s dependence on foreign oil and combat global warming.

US President Obama will meet India Prime Minister Manmohan Singh for the first time at G20 summit in London on Thursday.

Amid the current push for clean energy by President Barack Obama, Google Inc. and environmentalists have launched a map service to help renewable energy project managers see off-limits areas in the western U.S. where new infrastructure would cause significant damage to the environment.

Bank of America Corp Chairman and Chief Executive Kenneth Lewis said it may take several quarters for the bank to repay its $45 billion of federal bailout money, although he believes the U.S. economy may bottom out in the second half of this year.

The Democratic-controlled U.S. Congress on Thursday moved toward passing a federal budget that embraces President Barack Obama's initiatives on healthcare, energy and education but leaves the government deeply in debt for the foreseeable future.

U.S. President Barack Obama told South Korean President Lee Myung-bak on Thursday problems remain on a stalled free trade deal between the two countries but that he wants to make progress, a U.S. official said.

Bank of America Corp Chairman and Chief Executive Kenneth Lewis said it may take several quarters for the bank to repay its $45 billion of federal bailout money, though he believes the U.S. economy may bottom out in the second half of this year.

North Korea has begun fuelling a long-range rocket and could launch it by the weekend, CNN said, with the United States and others threatening punishment for a move they say violates U.N. resolutions.

North Korea has begun fuelling a long-range rocket and could launch it by the weekend, CNN said, with the United States and others promising punishment for a move they say violates U.N. resolutions.

World leaders are set to declare an end to unfettered capitalism at a G20 summit on Thursday after France and Germany demanded they act fast on promises to prevent a repeat of the worst economic crisis since the 1930s.

Changes to General Motors Corp's contract with the United Auto Workers union could save the automaker $1.1 billion or more in hourly labor costs, GM said in a report to the U.S. Treasury released on Wednesday.