US Federal Reserve Chairman Ben Bernanke expects economic recovery in America next year, but has warned that the biggest risk to an upturn is whether there is sufficient political will to mend the financial system.
United States President Barack Obama expressed anger at 165 million US dollars bonuses ledged to executives of bailed-out insurer AIG, calling the payments an outrage.
President Barack Obama and Brazilian President Luiz Inacio Lula da Silva discussed the economy, energy and the environment Saturday during their first White House meeting.
Brazilian President Lula da Silva said on Friday that counteracting the global credit crunch and preventing a wave of protectionism will be high on the agenda when he meets US President Barack Obama on Saturday.
President Barack Obama administration has begun moving on several fronts to repair strained US relations with Latin America. Obama meets Saturday at the White House with Brazilian President Lula da Silva, and he is sending Vice President Joe Biden and Secretary of State Hillary Clinton on Latin American missions to prepare for the mid-April Summit of the Americas in Trinidad and Tobago.
The White House has sought to assure China that its one trillion US dollars in investments in the United States is safe despite the economic downturn.
United States looks at the coming Americas Summit next April in Trinidad Tobago as an opportunity to begin a new relation with Latinamerica in a “spirit of equals” since the region will have to play a crucial role in the reply to the global economic crisis.
In the last episode of the emblematic television show of The Simpsons aired Sunday in United States, the Springfield family loose their home as have millions of US citizens dramatically dragged by the sub prime mortgage crisis that so much suffering and despair is causing.
Brazilian president Lula da Silva said Friday that during his coming meeting with his US counterpart on Saturday March 14 he would ask President Obama to adopt a more “development minded” attitude towards Latinamerica.
The United States jobless rate jumped in February to 8.1%, according to official figures from the Labour Department. The number of people out of work rose by 651,000 during the month. Both figures were bigger than expected.