United States

United States
Sunday, September 28th 2008 - 21:00 UTC

US Congress agrees to vote Monday bail-out package

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.

Saturday, September 27th 2008 - 21:00 UTC

Obama, McCain argue over war, taxes in 1st debate

MacCain & Obama after the debate

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.

Friday, September 26th 2008 - 21:00 UTC

US: A bad day for the GOP on politics, bailout plan

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.

Friday, September 26th 2008 - 21:00 UTC

Democrats' message to markets: rescue bill is “back on track”

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”.

Wednesday, September 24th 2008 - 21:00 UTC

Bernanke & Paulson didn't fully convince skeptic US Senators

Bernanke & Paulson

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.

Wednesday, September 24th 2008 - 21:00 UTC

FBI probes into four US giant financial institutions

The US Department of Justice, FBI is investigating four of the US financial giants caught out by the financial crisis hitting Wall Street for possible fraud, according to reports.

Monday, September 22nd 2008 - 21:00 UTC

Stiglitz says bailout plan is “monstrous” for US taxpayers

Economist Joseph Stiglitz

Economy Nobel Prize Joseph Stiglitz described as “monstrous” for US taxpayers the current bail out plan for the financial sector announced by Washington over the weekend.

Saturday, September 20th 2008 - 21:00 UTC

McCain uses Chavez anti US virulence to target Latino vote

McCain: 'Do you think we should talk to Chavez'

“Did you see with whom Obama wants to talk to” asks a new Spanish language spot from the Republican John McCain campaign, which is followed by a violent speech from Venezuelan president Hugo Chavez against the US, which then accuses Democrat Barack Obama of wanting to meet him “with no conditions”.

Saturday, September 20th 2008 - 21:00 UTC

Bush: “unprecedented measures” to de-intoxicate system

Bush asks Congress for $700 billion for bailout

United States is set to take “unprecedented measures” to tackle the crisis gripping US financial markets, announced President George Bush on Friday. But he warned the moves, which include spending of billions of dollars to buy up bad debts, would risk “a significant amount” of taxpayers' money.

Friday, September 19th 2008 - 21:00 UTC

Congress/White House announce plan to ease global crisis

Paulson: ever optimistic in the worst of times

United States officials said they will hammer out a “comprehensive” plan to ease what has become a global financial crisis. US Treasury Secretary Henry Paulson said after meeting members of Congress that legislation would be required to help rid US banks of their bad assets.

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