President Barack Obama announced a new pay limit of $500,000 for top executives at firms receiving federal aid in the midst of the current economic crisis.
President Barack Obama will announce later Wednesday a pay limit of $500,000 a year for top executives from companies that receive federal aid funds, according to several media reports.
President Barack Obama will announce later Wednesday a pay limit of $500,000 a year for top executives from companies that receive federal aid funds, according to several media reports.
U.S. President Barack Obama is facing a tough challenge as he plans to send additional troops to Afghanistan.
Following a series of scandals that forced one of Obama's most important nominees to withdraw, questions have been raised over the new president's central campaign pledge to change corrupt politics.
Japan's Prime Minister has joined the European Union, Canada and President Obama in criticizing possible protectionist trade policies on American goods being discussed as part of the U.S. economic stimulus plan.
U.S.-China expert says economic crisis and climate change will shape President Obama's relations with China.
Former senate leader, Tom Daschle withdrew his nomination to be President Barack Obama's Health and Human Services secretary on Tuesday, saying he did not want to be a distraction.
U.S. President Barack Obama and South Korean President Lee Myung Bak agreed on Tuesday to work together combat trade protectionism between the two trading states.
President Barack Obama announced Monday that Ron Sims will be nominated as deputy secretary of the U.S. Department of Housing and Urban Development.
There is talk among top U.S. officials about a partial solution to the current financial crisis which involves creating a so-called 'bad bank,' but what exactly is the concept behind it?
President Barack Obama's administration has delayed the presentation of its full financial rescue plan by one week until the second week of February, senior officials in the administration said, according to CNN.
President Barak Obama's half-brother was arrested for alleged possession of marijuana on Saturday near his home in a Nairobi shantytown, police said.
Consumer confidence rose to a four-month high in January, helped by optimism that President Barack Obama's new administration might bring relief from a year-long recession, a survey showed on Friday.
Bonus payments on Wall St. have become controversial in the midst of an economic crisis with a top level executive today saying that they are reasonable but need changes to ensure the long-term interests of the business.
President Barack Obama called Wall Street corporate decisions to pay employees more than $18 billion in bonuses last year 'shameful' and 'the height of irresponsibility' even as the firms receive billions of dollars in bailout money to move beyond the current economic crisis.
The U.S. House of Representatives passed an $825 billion economic stimulus bill on Wednesday. The spending and tax cuts package is meant to give a boost to the ailing economy. The votes were 244-188. All voting Republicans and 11 Democrats voted against it.
On Wednesday Iran's president called for profound changes in U.S. foreign policy. Among others he mentioned an end to support for Israel and an apology to the Islamic republic for past misdeeds.
On Wednesday, President Barack Obama's new envoy to the Middle East called for an end to Hamas weapons smuggling and a reopening of Gaza's borders.
Shares of major banks in the U.S. rose early Wednesday pulling up the financial sector on optimism that President Barack Obama's administration may go ahead with a plan to buy bad assets in the financial system creating the so-called bad bank.
A Chinese diplomat says the U.S. knows China is not a currency manipulator, saying it's unfair for the nation to suddenly change its stance, according to a report.
The efforts of the U.S. government and the Treasury Department to avoid misuse of bailout funds amid an unprecedented financial crisis in America has led Citigroup Inc. on Tuesday to cancel its move to take possession of a new corporate jet which had planned to buy.
