The gap between United States richest and poorest is at its widest in 25 years with the wealthiest taking home a record share of the nation's income that exceeds even the previous high in 2000, according to recent data from the Internal Revenue Service, IRS.
The United States August trade deficit dropped substantially to its lowest since last January, 57.6 billion US dollars, as export levels rose to a monthly high and imports fell, reported the Department of Commerce.
Federal Reserve governor Randall Kroszner said this week that the central bank was forced to cut its benchmark interest rate in September because earlier attempts to increase liquidity did not help enough.
Tourists love New York and lots of them visit the Big Apple but the city says that's not enough so it is spending big money on a new ad campaign. The goal is to attract 50 million tourists a year by 2015 with the slogan This is New York.
United States Congress would deliver a great blow to Peru, Panama and Colombia, as well as damage U.S. interests in Latin America, if it fails to pass free-trade agreements with the three countries, U.S. Secretary of State Condoleezza Rice said on Tuesday.
As part of his five-nation tour through Latin America, U.S. Secretary of Defense Robert Gates met Thursday with his Chilean counterpart José Goñi Carrasco to discuss defense issues of common interest and to sign a bilateral agreement.
The United States Federal Reserve Board Vice Chairman Donald Kohn said on Friday policy makers must be nimble in setting interest rates given the risks of both slower U.S. economic growth and faster inflation.
Winnie the Pooh, the honey loving bear at the heart of a royalty's lawsuit, can continue to reap millions for Disney, a Los Angeles appeals court ruled this week, tossing out the latest challenge to a disputed, lucrative contract.
United States President George W. Bush told the General Assembly that he supports a strong and vibrant United Nations empowered to carry out the shared goals of the world body and its host country, from addressing global pandemics to stopping the proliferation of weapons of mass destruction to dealing with climate change.
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.