The United States economy grew faster than expected over the past three months, 3.4% on an annual basis, the best quarterly performance since early 2006. In the previous quarter the economy expanded 0.6%.
With 18 months left in office, President George W Bush is in the running for most unpopular president in the history of modern polling. The latest Washington Post-ABC shows that 65% of United States citizens disapprove of Bush's job performance, matching his all-time low.
Federal Reserve chairman Ben Bernanke revived fears Wednesday that the housing slump could derail a pick-up in the US economy. In his semiannual testimony before the US Congress, Bernanke predicted moderate economic growth through the second half with a bit of strengthening in 2008.
United States Treasury Secretary Henry Paulson endorsed Chile's bid to become the second Latin American nation, after Mexico, to enter the Organization for Economic Cooperation and Development.
United States formally requested Thursday the World Trade Organization to establish a dispute settlement panel to judge whether Chinese subsidies to industry violate WTO rules as US experts claim.
United States and South Korea signed a controversial free trade agreement, which still has to be ratified by Congress where some Democrats have expressed concern for job losses in the US car industry.
United States Treasury Secretary Henry Paulson will make a week-long trip to South America beginning July 9, his first to the region since taking the position. He is scheduled to visit Brazil, Chile and Uruguay, meeting with the presidents of all three countries as well as Finance ministers and local business leaders.
United States announced it will halt imports of five types of farmed Chinese seafood, claiming they contain antibiotics that are not allowed in North America
United States core inflation fell below 2% for the first time in three years after a modest increase in prices last month, according to new government figures.
The White House has urged Congress to renew President George W Bush's ability to agree trade deals without Congress interference. Its comments come ahead of a 30 June deadline that ends Congress' current inability to seek to amend any global trade deals that the President agrees.