Tag: United States

• Friday, August 5th 2011 - 07:47 UTC

  Obama administration confident Geithner will remain in his job

  

  President Barack Obama’s senior advisers are confident Treasury Secretary Timothy Geithner will remain in his job even though he hasn’t made his intentions public, an administration official said.

• Thursday, August 4th 2011 - 19:14 UTC

  Compromise achieved, fiscal reform is the next chapter, says Geithner

  

  Following the political agreement which enabled the US Congress to lift the debt ceiling and avoid default, Treasury Secretary Timothy Geithner wrote a piece for The Washington Post, where he displays what in his opinion are the following steps for the world’s largest economy to restore fiscal responsibility and sustainability.

• Wednesday, August 3rd 2011 - 06:53 UTC

  China Dagong agency downgrades US credit rating from A+ to A with negative outlook

  

  Chinese rating agency Dagong Global Credit Rating Co. said Wednesday it has cut the credit rating of the United States from A+ to A with a negative outlook after the U.S. federal government announced that the country's debt limit would be increased.

• Monday, August 1st 2011 - 20:37 UTC

  US manufacturing expanded at its lowest in two years in July

  

  US manufacturing grew at its slowest pace in two years in July as new orders contracted, a troubling development for the faltering economy. The Institute for Supply Management said its index of national factory activity fell to 50.9, the lowest level since July 2009, from 55.3 in June.

• Friday, July 29th 2011 - 07:02 UTC

  Latam and Caribbean hold 727bn dollars in US government debt assets

  

  The UN Economic Commission for Latin America and the Caribbean, ECLAC, expressed public concern about the ongoing discussions between the White House and Congress regarding the governments’ borrowing limit and the August 2 deadline to reach an agreement.

• Tuesday, July 26th 2011 - 21:09 UTC

  US wealth gap between whites and minorities is the highest in 25 years says Pew

  

  Wealth disparities in the United States between white households and black and Hispanic households are greater than they’ve been in the past 25 years, a new study from the Pew Research Centre reveals.

• Monday, July 18th 2011 - 10:22 UTC

  US congress closer to deal on debt-ceiling but with Obama paying the political cost

  

  United States government and opposition senators are crafting a plan that could avert an unprecedented US government default if by next 2 August the national debt limit is not raised.

• Saturday, July 16th 2011 - 07:25 UTC

  Move closer to Brazil politically and economically, says US Foreign Relations Council

  

  Influential foreign policy experts at the New York based Council on Foreign Relations (CFR) think the United States should move closer to Brazil politically and economically and recommend the creation of a Brazilian affairs office at the National Security Council.

• Thursday, July 14th 2011 - 18:27 UTC

  Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

  

  Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

• Thursday, July 14th 2011 - 07:13 UTC

  Controversy in the US: severely obese children “should be placed in foster care”

  

  The government should have the right to remove severely obese children from their parents' home and place them in foster care, two US health experts argued in a controversial editorial published Wednesday in the Journal of the American Medical Association.