Congressional Democrats moved on Wednesday to slim down President Barack Obama's 2010 budget request amid bipartisan worries that the his plan could make the U.S. deficit balloon with new federal spending.
President Barack Obama's fellow Democrats in the U.S. House of Representatives on Wednesday proposed slimming down his fiscal 2010 budget to $3.45 trillion from $3.55 trillion amid bipartisan concerns about it exploding the deficit.
Russia backs the idea of talks between Afghanistan's government and moderate elements of the Taliban, a senior Russian diplomat told Interfax news agency on Wednesday.
Israeli Prime Minister-designate Benjamin Netanyahu said on Wednesday his government would be a partner for peace with the Palestinians, but made no mention of their U.S.-backed quest for statehood.
President Barack Obama said on Tuesday he was seeing signs of progress in his drive to lead the United States out of economic crisis as he sought to reassure recession-weary Americans he was on the right track.
Wall Street looked set to rise at the open on Wednesday as investors were encouraged by data showing signs the economic downturn was moderating, and by positive comments from President Barack Obama.
U.S. electricity prices are likely to rise 15 to 30 percent if a national cap on carbon dioxide emissions is instituted, according to a report by Moody's Investors Service.
The Obama Administration is carving out renewable energy zones across the country and offshore, and is preparing to work with critics who object to wind turbines or solar farms near wilderness or tourist areas, Interior Secretary Ken Salazar said on Tuesday.
Stock index futures pointed to a mostly higher open on Wednesday after positive comments on the economy from President Barack Obama, as investors looked to upcoming data for signs of improvement.
Asian shares put in a mixed performance on Wednesday as a sharp rally in stock markets this week over a U.S. plan to deal with toxic debt ran out of steam.
Ronald Reagan was known as the great communicator. George W. Bush was the self-styled decider. President Barack Obama could easily be called the salesman-in-chief.
U.S. President Barack Obama and his top two economic officials on Tuesday dismissed suggestions by emerging economic powers that the world move away from using the dollar as the world's main reserve currency.
The Obama administration on Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts.
The Obama administration on Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts.
President Barack Obama on Tuesday encouraged Americans to submit their questions about the economy over the Internet and said he will answer some of them live on the White House Web site on Thursday.
The Obama administration on Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts.
U.S. President Barack Obama will meet with about a dozen top bank chief executives on Friday, including executives from JPMorgan & Co, Goldman Sachs and Citigroup, two sources familiar with the matter said on Tuesday.
President Barack Obama will meet with about a dozen top bank chief executives on Friday, including executives from JPMorgan & Co, Goldman Sachs and Citigroup, a source familiar with the matter said on Tuesday.
The Obama administration on Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts.
U.S. President Barack Obama called for bold, comprehensive and coordinated action to end a global economic downturn on Tuesday as he prepared for an evening news conference to explain his recovery strategy to a recession-weary public.
Thirty-five nations vote on Thursday for a new International Atomic Energy Agency chief at a time of mounting challenges to the nuclear non-proliferation regime, but it was unclear if a winner would emerge.
U.S. Treasury Secretary Timothy Geithner will face tough questions from lawmakers on Tuesday as he spells out the basics of the Obama administration's plans to reshape financial regulation at a high-profile congressional hearing.
