US Vice President Joe Biden rejected views that US power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies. He also anticipated 2012 was a ‘transition year” both for the US and China
The United States economy is growing so slowly that it will take years to wrench lofty unemployment rates back to normal levels, Cleveland Federal Reserve Bank President Sandra Pianalto said.
US President Obama administration said Thursday it would postpone the deportation of illegal immigrants without criminal records and allow them to apply for work permits as it reviews over 300.000 cases.
The US Department of State released it’s 2010 Country Reports on Terrorism, in which it praised Argentina for “cooperating well” with the US in analyzing possible terrorist threat information,” although it warned about the country’s “virtually no progress toward addressing anti-money laundering and counterterrorist finance activities.
Fitch Ratings on Tuesday reaffirmed the United States' AAA credit rating. The move comes less than two weeks after Standard & Poor's downgraded the United States' long-term debt to AA+.
The United States has recaptured its position as the world’s leading exporter of beef, outpacing Brazil and Australia, according to the latest statistics released by the US Department of Agriculture. Mexico a traditional market and Latin American countries proved to be among the most dynamic.
US Ambassador to Brazil Thomas Shannon is returning to Washington to serve as acting Undersecretary of state for political affairs while the State Department awaits the confirmation of President Barack Obama’s nominee for the post, Wendy Sherman.
Warren Buffett has called for Congress to make him and his mega-rich friends pay more income tax. In a piece in The New York Times newspaper, the billionaire investor and philanthropist said the rich should do more to help plug the deficit.
US retail sales rose in July by the largest amount in four months, Commerce Department figures show, tempering fears that the US may be slipping back into recession.
Former Federal Reserve Chairman Alan Greenspan downplayed the risk of a double-dip recession in the United States saying the domestic economy was in better shape compared to its European peers.