US interest rate-setters have decided to cut rates for the first time since mid-2006, from 5.25% to 4.75%, more than had been expected.
The search for US adventurer Steve Fossett has been scaled back two weeks after his plane vanished over the Nevada wilderness, officials say.
Former top US central banker Alan Greenspan abandons his trademark reserve Monday, in a new book which takes swipes at the White House for everything from its motives for invading Iraq to its unbridled spending.
The United States trade deficit narrowed 0.3% last July to 59.2 billion US dollars with record food and car exports helping to offset higher costs of imported crude.
One in five people living in the United States speaks a language at home other than English, according to new Census data showing the wide-ranging effects of immigration.
Once again, the city will pause for four moments of silence to mark the attacks that killed more than 2,700 people. Family members will lay flowers where the twin towers fell, and the names of victims will be read.
Current financial turmoil is identical to that seen in earlier stock market crashes, particularly in 1987 and the fallout from the near demise of Long Term Capital Management in 1998, warned former Federal Reserve chairman Alan Greenspan.
Global markets fell sharply following on United States employment data which triggered wider economic prospects. The surprise 4.000 reduction in the US workforce in August sent the main Dow Jones index down 250 points to 13,113.
United States President George Bush was not born to act at the Sydney Opera House. He'd only reached the third sentence of Friday's speech to business leaders, on the sidelines of the Asia-Pacific Economic Cooperation forum, when he committed his first gaffe.
The United States economy is feeling a limited impact from the credit re-pricing and weak housing industry, the Federal Reserve said in its Beige Book report Wednesday. The report suggested the Fed may not be in a rush to aggressively cut interest rates despite skittish financial markets.