Tag: United States

Wednesday, February 5th 2014 - 08:38 UTC
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.
Friday, January 31st 2014 - 06:53 UTC
US economy advancing at steady pace fuelled by robust consumer spending

The U.S. economy advanced at a steady pace in the last months of 2013, growth that was fueled by robust consumer spending. The government's Commerce Department said Thursday the world's largest economy grew 3.2%t in the October-to-December period, following a 4.1% advance in the third quarter.
Wednesday, January 29th 2014 - 21:20 UTC
Obama pledges support for the middle class and is prepared to bypass Congress

US President Barack Obama displayed his strategy for getting around a divided Congress starting with a wage hike for federal contract workers in a State of the Union speech on Tuesday that reflected scaled-back legislative ambitions after a tough year.
Wednesday, January 29th 2014 - 21:07 UTC
Fed shaves another 10bn from stimulus; Turkey and South Africa raise rates

The US Federal Reserve announced a $10bn reduction in its monthly bond purchases from 75bn to 65bn in the second straight month of winding down stimulus efforts. The central bank had been buying bonds in an effort to keep interest rates low and stimulate growth.
Tuesday, January 28th 2014 - 17:57 UTC
What can the U.S. learn from Latin America’s declining inequality?

By Heraldo Muñoz (*) - President Obama recently declared that inequality is “the defining challenge of our age.” When inequality is becoming a growing debate in the United States, what lessons can be drawn from Latin America, which — although still highly unequal — is the only region that managed to reduce income inequality in the last decade?
Wednesday, January 22nd 2014 - 11:36 UTC
Obama will visit Francis March 27; both leaders have pledged to tackle gap between rich and poor

US President Barack Obama plans to visit with Pope Francis at the Vatican in March during a trip to Europe, the White House has announced. Obama is scheduled to meet with the pope on March 27 in a trip that will include stops in the Netherlands, Belgium and other parts of Italy, it said in a statement.
Saturday, January 18th 2014 - 06:21 UTC
Obama announces contention policy for NSA monitoring activities

President Barack Obama has announced a ban on US eavesdropping on the leaders of close friends and allies, and rein in the vast collection of Americans' phone data in a series of reforms triggered by Edward Snowden's revelations.
Saturday, January 11th 2014 - 08:20 UTC
Number of US jobs created last December was the lowest for three years

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

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

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.