United States President George W Bush outlined plans on Thursday to freeze rates on sub-prime mortgages for five years to help people hit by the US housing market crisis.
The United States/Peru free trade agreement on Tuesday cleared Congress and was ready for President George W. Bush signature, a victory for the US and Peruvian embattled leaders.
United States mortgage lenders and regulators are close to finalizing an aid plan for homeowners hit by the credit crunch, US Treasury Secretary Henry Paulson said on Monday during a housing conference in Washington.
A long-awaited world trade deal will remain out of reach until developing countries agree to open their markets to more United States farm goods, the head of the largest US farm organization said yesterday.
United States Treasury secretary Henry Paulson said mortgage defaults will worsen in 2008 and lenders should act aggressively to offer new loan terms to avert an economic calamity, the Wall Street Journal online said.
Global markets slumped Monday amid fears over the fallout of the credit crisis, after Goldman Sachs downgraded Citibank and forecast 15 billion US dollars in losses from the US subprime market.
United States Trade Representative Susan Schwab said Monday in Singapore that the Doha round of global trade negotiations is not dead and an agreement could be reached in the next 14 months.
A strong' US dollar is in the US interest and it 'goes without saying' that the currency's value should be set by currency markets, US Treasury Secretary Henry Paulson said on Friday ahead of this weekend's G20 meeting in South Africa.
The US Federal Reserve will make four economic forecasts each year, up from the current two, which will include more information on overall inflation projections, chairman Ben Bernanke said Wednesday.
US retail sales and producer price figures have pointed to a weakening of demand in the world's largest economy. The first month of the 2008 federal budget showed a 55.6 billion US dollars deficit.