U.S. stocks slid to 12-year lows on Monday as a record $61.7 billion loss for AIG and another government bailout for the insurer heightened concerns about the extent of the damage to the financial system.
U.S. stocks slid to 12-year lows on Monday as a record $61.7 billion loss for AIG and another government bailout for the insurer heightened concerns about the extent of the damage to the financial system.
Freddie Mac on Monday said Chief Executive Officer David Moffett is quitting just six months after being named to the post as the government forced the No. 2 mortgage finance company into conservatorship.
President Barack Obama's targets for cutting the budget deficit remain in reach, a top aide said on Sunday, despite an alarmingly steep U.S. economic decline that could throw off revenue collections.
America's largest automaker has been left dependent on the kindness of strangers -- its fate in the hands of bureaucrats as much as car buyers.
British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.
British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.
Investors burned by the recent boom and bust in the U.S. ethanol industry will be wary of pouring money into plants for the next generation of biofuels without more stable returns, a J.P. Morgan analyst said on Friday.
President Barack Obama's 2010 budget plan includes $18.7 billion for NASA, an increase of $1 billion over last year, but will retire the nations respected space shuttle program.
President Barack Obama will not store nuclear waste at Yucca Mountain in Nevada, even after two decades of planning.
Vice President Joe Biden, along with several Department Secretaries in the Obama Administration gave their firm support today to President Obama’s strategy for creating green jobs to bolster the U.S. economy as part of the recently passed economic stimulus package.
U.S. stocks fell and the S&P 500 marked its worst-ever start to a year on Friday, after the government said it will take a large stake in Citigroup's common shares, fanning fears it will increase its role in other major banks.
President Barack Obama said on Friday he would pull U.S. combat troops out of Iraq in 18 months as he unveiled a new strategy that stressed diplomacy and engagement with foes like Iran and Syria.
Stocks fell and the S&P 500 closed at a 12-year low on Friday, after the government said it will take a large stake in Citigroup's common shares, fanning fears it will increase its role in other major banks.
Stocks dipped on Friday as a move by the U.S. government to take a large stake in common shares of embattled Citigroup fanned fears it will take a bigger role in overseeing some troubled major banks.
Canadian fighters scrambled to intercept an approaching Russian bomber less than 24 hours before U.S. President Barack Obama's visit to Ottawa last week, Canadian Defense Minister Peter MacKay said on Friday.
Southern African finance ministers agreed on Friday to push for donor help to rebuild Zimbabwe from economic collapse, and put the initial need at $2 billion, South Africa's foreign minister said.
Many Americans applauded the spending plans and tax breaks set out in President Barack Obama's record budget, while others questioned the yawning deficit it would entail.
The U.S. government will commit to holding a common equity stake of up to 30-40 percent in Citigroup in a deal that will see most of the group's board replaced, a person familiar with the transaction said on Friday.
The U.S. debt held by the public may grow nearly twice as fast over the next two years than previously expected after President Barack Obama today unveiled his spending priorities to add trillions of dollars to the federal budget, including help for the financial industry and job generation through government programs.
On February 26, Veterans for America, VFA, issued a statement urging President Barak Obama to address the dire conditions on the military bases and in communities in the United States.
President Barack Obama expects that the government will begin receiving $15 billion a year starting in 2012 from the auction of carbon pollution permits to support the development of renewable energy technologies as his administration emphasizes the need to build an economy powered by clean and safe energy.