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The Obama administration made it easier for banks to do business with licensed marijuana companies with less fear of prosecution, further encouraging US states that are experimenting with legalization of the drug. The Justice and Treasury departments were in the process of outlining the policy in writing to federal prosecutors and financial institutions.
Former president Lula da Silva lobbied strongly on Thursday in New York trying to convince US investors to make business in Brazil during a conference to members of the American Society and Council of Americas, which organized the event.
The US Senate has sent to the president a bill to raise the country's borrowing limit for another year, ending a series of political standoffs over the issue. The chamber passed the bill on a 55-43 party line vote a day after it narrowly passed the House of Representatives.
Federal Reserve Chair Janet Yellen said on Tuesday the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was far from complete.
Argentine foreign minister Hector Timerman called US senators Marco Rubio and Robert Menendez “extremists”, who don't represent the will of the Senate, the US government or the US people.
Argentina's cabinet chief Jorge Capitanich reacted on Friday to US Senators' remarks who on Thursday harshly criticized the economic policies of President Cristina Fernandez administration and forecasted an economic collapse sooner than later.
The US economy added 113,000 jobs in January; the second month in a row the figure has been weaker than expected. Economists had predicted the US Labor Department would report an increase of about 180,000 new jobs. However, the unemployment rate fell to 6.8%, the lowest level since October 2008.
The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.
The United States government has approved at least four licenses to export crude oil to Europe, for the first time in years, showing how companies are breaking through the limits of the export ban established in the 1970s, according to Reuters which learned about the fact from a Freedom of Information Act request.
US Senate passes 1 trillion dollars farm bill with crop insurance program, cuts in subsidies and food stamps
The United States Senate on Tuesday passed the long-awaited almost 1 trillion dollars farm bill, ending two years of partisan clashes and stalled negotiations. The bill was approved with strong bipartisan support, 68 to 32.