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The United Status economy lost jobs in September at its fastest pace in more than five years, --with unemployment reaching 6.1%--, and the outlook from economists and surveys is grim despite Congress' emergency action Friday to stabilize the financial system.
The United States Senate approved Wednesday evening a new version of a 700 billion rescue plan for the troubled US financial system. Senators voted 74 to 25 in favor of the emergency legislation designed to stabilize volatile markets and limit further damage to the economy.
United States car sales fell sharply in September, in the latest sign that the continuing problems in the financial sector are starting to hit the general economy.
The United States Treasury Department on Tuesday froze the US assets of eight members of the Revolutionary Armed Forces of Colombia, or FARC, which it has deemed a narco-terrorist organization.
The United States House of Representatives voted unanimously on Monday to approve a one-year extension of trade benefits for Colombia, Peru, Ecuador and Bolivia that expire at the end of the year.
The United States Congress is set to vote on Monday the largest single financial bailout in US history after leaders from both parties nailed down the details of the package, following long days and nights of tense and sometimes tempestuous negotiation.
John McCain accused Barack Obama of compiling the most liberal voting record in the United States Senate Friday night as the two rivals clashed over taxes, spending, the war in Iraq and more in an intense first debate of the White House campaign. Mostly that's just me opposing George Bush's wrong-headed policies, shot back the Democrat.
Even for a party whose president suffers dismal approval ratings, whose legislative wing lost control of Congress and whose presidential nominee trails in the polls, it was a remarkably bad day for Republicans.
United States president George W Bush has said that legislators will rise to the occasion and pass the proposed 700 billion Wall Street rescue plan. He said disagreements remained as the proposal is big and the reason it's big is because it's a big problem.
United States lawmakers have expressed strong skepticism about a bail-out of the banking system, following a five-hour Senate hearing on the rescue plan. Treasury Secretary Henry Paulson told the banking panel that delaying the 700 billion US dollars bail-out would put the entire US economy at risk.