Thousands of protesters, including teachers and religious leaders, converged on downtown Chicago Monday to rally against economic inequality, with two financial industry events in their crosshairs.
President Barack Obama could create millions of jobs by attracting more foreign capital to the United States, helping entrepreneurs and being more aggressive in energy, business leaders said.
United States ‘Occupy-Wall Street” demonstrators said they are growing out of their lower Manhattan encampment and are exploring options to expand to other public spaces in New York City.
Demonstrators from New York City to San Francisco took to the streets Wednesday to protest what they call a growing wealth disparity between large US corporations and average citizens in the wake of the financial crisis.
United States industry leaders have welcomed words of encouragement from Republican congressional leaders that have given new hope for implementation of proposed US free trade agreements (FTA) with Korea, Colombia and Panama.
The Federal Reserve is prepared to take further steps to help a fragile economic recovery held back by a weak job market and financial stresses in Europe, Fed Chairman Ben Bernanke said on Tuesday.
Poverty in the United States has grown steadily in the past few years. According to the US Census bureau, 46.2 million people lived in poverty in 2010, the highest in the 52 years poverty estimates have been published.
The United States Securities and Exchange Commission (SEC) has discovered apparent failures at 10 credit rating agencies. SEC said it was concerned that the agencies - including Standard & Poor's (S&P) and Moody's - were not making timely and accurate disclosures or managing conflicts of interest.
The United States needs to allow more visas to help the economy and should let highly skilled engineers who study in US universities stay in the country, New York Mayor Michael Bloomberg said in Washington.
Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a painfully protracted recovery, one of the officials who dissented against the decision said on Thursday.