United States

United States
Friday, January 17th 2014 - 07:29 UTC

US Congress supports budget peace for the rest of the fiscal year

Obama is expected to sign the 1.1 trillion spending bill this week

Washington's battles over government funding ended with a whimper today as the US Senate approved a 1.1 trillion dollars spending bill that quells for nearly nine months the threat of another federal agency shutdown.

Friday, January 17th 2014 - 07:09 UTC

US Congress wants action on banks involved in the commodities business

Sen Brown said he was “incredulous” that the Fed had been examining the matter for six years and had yet to make significant changes

United States lawmakers are pressing the Federal Reserve to act more forcefully, and quickly, to limit banks’ involvement in the commodities business, which has been blamed for inflating prices on everyday items like electricity and canned beverages.

Wednesday, January 15th 2014 - 07:11 UTC

New EPA rule requires chemical disclosure for offshore fracking

Governor Jerry Brown does not support a ban on fracking and insists the new law is rigorous.

By. Nick Cunningham of Oilprice.com - The U.S. Environmental Protection Agency published a rule on January 9, 2014 requiring oil and gas companies using hydraulic fracturing off the coast of California to disclose the chemicals they discharge into the ocean. Oil and gas companies have been fracking offshore California for perhaps as long as two decades, but they largely flew under the radar until recently.

Wednesday, January 15th 2014 - 06:50 UTC

Argentine case of possible money laundering with mutilated US dollar bills

Over four million dollars in 100 dollar-bills that were filthy and others ravaged by fire, water and even dogs

US federal agents who seized more than 4 million dollars in US banknotes shipped from a famous money exchange house in Buenos Aires, Alfredo Piano, uncovered what they claimed was a cache of dirty money. Piano, 82, said many of the 100 dollar-bills were filthy and others had been ravaged by fire, water and even dogs.

Tuesday, January 14th 2014 - 23:54 UTC

US congress negotiating spending bill to avoid another shutdown of government

“As with any compromise, not everyone will like everything in this bill” said Democratic Senator Barbara Mikulski

Negotiators in the US Congress unveiled a 1.1 trillion dollars spending bill that aims to prevent another government shutdown while boosting funding levels slightly for military and domestic programs - but not for “Obamacare” health reforms.

Saturday, January 11th 2014 - 11:04 UTC

President Obama names Stanley Fischer vice-chair of the Federal Reserve

Fischer has a long international experience and was professor of both Bernanke and Dragui at MIT

US President Barack Obama Friday nominated former Israeli central bank governor and renowned economist Stanley Fischer as vice chair of the Federal Reserve, completing a shakeup of the board's leadership.

Saturday, January 11th 2014 - 08:20 UTC

Number of US jobs created last December was the lowest for three years

Many Americans have given up looking for jobs, and the climate are seen as the causes

The US economy created only 74,000 jobs in December, with many Americans giving up looking for work, latest figures show. The number of jobs created was the lowest for three years and was well under half the number expected by analysts.

Saturday, January 11th 2014 - 08:13 UTC

US congress becomes 'club' of millionaires: Democrats slightly wealthier than Republicans

The richest member is Republican congressman Darrell Issa with a net worth of 598 million dollars

For the first time, half of the members of the US Congress are millionaires, according to a wealth analysis. At least 268 of the 534 politicians in the Senate and House of Representatives had a net worth of 1m dollars or more in 2012.

Thursday, January 9th 2014 - 06:59 UTC

Most Fed members agreed on December's stimulus reduction, indicate minutes

Bernanke is stepping down next February first

Federal Reserve members mostly agreed about a reduction in the central bank's stimulus efforts in December, meeting minutes released Wednesday reveal. The central bank announced a $10bn a month reduction in its bond buying program at the end of its December meeting.

Wednesday, January 8th 2014 - 20:17 UTC

Kennedy in 1963 considered a military intervention in Brazil; a coup followed in 1964

US president Kennedy feared Brazil was moving too close to Fidel Castro's Cuba

Former US President John F Kennedy mulled possible military intervention in Brazil one year before the 1964 coup that ousted then constitutional president Joao Goulart, according to archive documents released on Tuesday.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!