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United States president Barack Obama has sent a letter to President Cristina Fernandez praising Argentina’s efforts “to work as a constructive and stabilizing force in the region and beyond”.
American Task Force Argentina (ATFA), a coalition of more than 40 taxpayer, investor, educator, Latino and agriculture organizations, commended members of the United States House of Representatives for introducing legislation imposing stiff penalties on wealthy and middle-income nations that, like Argentina, refuse to honour obligations to US creditors.
US consumer prices were unchanged in April, but recorded their largest year-on-year drop for more than 50 years, official data showed. Meanwhile producer prices jumped more than expected pushed by the biggest rise in food costs in more than a year.
General Motors, the US auto giant, has told 1.100 dealerships that they will be closed down as the company struggles to survive amid an economic crisis. The shutdowns are just part of a larger plan to shut 2.600 of its 6.200 dealerships as the car manufacturer makes cuts in an attempt to become profitable again. The move is likely to cause the loss of thousands of jobs across the US.
The United States Treasury wants more regulation of derivatives - the complex financial instruments that brought down some of Wall Street's biggest names. Proposals to be set out by Treasury Secretary Timothy Geithner will call for an electronic system to monitor buying and selling in the market.
New York City's Lincoln Center for the Performing Arts, the largest in the world, officially launched this week a year long celebration of its 50th Anniversary with a commemorative ceremony at Alice Tully Hall.
The United States is at risk of losing its triple-A credit rating unless it starts putting its finances in order, a former head of the agency in charge of fiscal accountability said in the Financial Times on Wednesday.
Thomas Shannon Assistant Secretary of State for Western Hemisphere Affairs who is to be replaced by Arturo Valenzuela said on Wednesday the incoming official will face “difficult challenges” in the management of relations with Latinamerica.
US President Barack Obama named Tuesday Arturo Valenzuela, a US-Chilean citizen and former member of President Bill Clinton’s administration as the new head of hemispheric affairs in the State Department reported the White House press office.
United States explicitly expressed support for Paraguayan president Fernando Lugo and his administration in response to some “instability” rumours which are “not positive” for the country.