President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a car czar with sweeping powers, a senior administration official said on Sunday.
CHICAGO - President Barack Obama has decided to form a government task force to oversee the restructuring of the struggling U.S. auto industry instead of naming a car czar with sweeping powers, a senior administration official said on Sunday.
Obama is appointing Treasury Secretary Timothy Geithner as his designee for overseeing auto bailout loans and as co-head of the new high-level pane...
U.S. lawmakers have passed a $787 billion stimulus package aimed at boosting the economy which President Barack Obama had wanted the Congress to approve and has said he will sign into law.
Barack Obama won a big victory when Congress agreed to his economic stimulus plan, but the new U.S. president has also suffered a series of setbacks to his No-Drama Obama image in his first weeks in office.
President Barack Obama shared kind words of Beverly Eckert, one of the victims aboard the Continental Express flight 3407 which crashed Thursday night, who was also the widow of Sean Rooney who died in the 9/11 attacks.
Beverly Eckert, who was among the 50 people killed when a commuter plane crashed outside Buffalo, N.Y. Eckert, was an inspiration to President Barack Obama.
With the U.S. economic stimulus package of $790 billion is set to be approved by Congress, concerns are growing at the Energy Department on how the agency will manage the quick expenditure of about $40 billion included in the package for renewable energy projects meant to boost employment.
New Hampshire Republican Sen. Judd Gregg withdrew his name for consideration as President Barack Obama's nominee for Commerce of Secretary stating irresolvable conflicts related to the stimulus package and the Census.
President Obama urged Congress to pass the economic stimulus package before the end of the holiday weekend so he could sign it into law in an effort to help the nation emerge from a recession.
Spurred on by President Barack Obama, US lawmakers on Thursday prepared for final votes by week's end on an unprecedented 789-billion-dollar plan to help Americans through a painful economic crisis.
Electric luxury automaker Tesla Motors Inc. may receive a loan for $350 million from the U.S. Department of Energy's $25 billion program to encourage building of more fuel efficient cars.
Rep. Barney Frank, the head of the House Financial Services Committee, said Thursday the Obama administration is more trustworthy than the Bush administration to ensure that banks do not misuse money bank bailout funds.
U.S. efforts to take action on slowing business activity, joblessness and reduced credit grew on Wednesday as U.S. lawmakers moved to pump tax dollars into the economy, reduce taxes going forward and grilled top U.S. bank executives amid widespread concern.
Saudi Arabia Oil Minister Ali al-Naimi warned on Tuesday that a too quick promotion of investments in alternative energies could chill investments in the oil sector and create a nightmare scenario.
A utility company in New Jersey with more than 2 million customers is asking approval for a $773 million project to implement a solar energy program to provide electricity to the communities and costumers it serves.
President Obama's economic stimulus package was one step closer to becoming law on Tuesday after the Senate voted to pass its version of the bill. Lawmakers must now reconcile the Senate bill, which passed 61-6k with the House version to send it to the President for his signature.
Oil prices approach $42 as investors eyed an $800 billion-plus U.S. stimulus package aimed at increasing oil demand.
President Barack Obama urged Monday for more investment in new energy technologies such as solar, wind or hydrothermal, saying that is the way the United States can win the economic competition of the future.
The U.S. government's efforts to combat a declining economy and a financial industry burdened with heavy debts is reaching its climax this week as President Obama Barack Obama and Congress will put into motion plans to create or maintain jobs, provide tax cuts to consumers and businesses while making an attempt to free up the credit markets.
President Barack Obama is taking trips to two cities in Indiana and Florida hurting under the economic crisis to make his case for the large economic stimulus package that is facing opposition in Congress.
The U.S. Energy Department will use more than half of the $35 to $40 billion it will receive from the federal economic stimulus package for renewable energy projects.
Wall Street gave back some of last week's big gains Monday as euphoria over the government's expected stimulus bill waned amid more grim corporate news.
