Tag: US economy

• Wednesday, June 15th 2011 - 19:36 UTC

  Major economies, except the US, loosing recovery momentum, says OECD report

  

  Major economies, with the exception of the United States, are losing momentum as the outlook for growth worsens in European and developing countries, the OECD's leading indicator for April showed on Wednesday.

• Saturday, March 26th 2011 - 07:24 UTC

  US economy expands 3.1% in fourth quarter and totals 2.9% in 2010

  

  The United States economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3%, a government report showed.

• Wednesday, March 16th 2011 - 00:41 UTC

  Fed leaves rates unchanged with the US economy on a ‘firmer footing’ recovery

  

  Arguing that the US economic recovery is on a firmer footing, and overall conditions in the labour market appear to be improving gradually, the Federal Reserve on Tuesday left interest rates unchanged at a record low of zero to 0.25% since December 2008.

• Wednesday, January 26th 2011 - 23:59 UTC

  Obama’s Speech Focuses on Economy

  

  The US president has been focusing on jobs and the economy as he addressed the public in his annual State of the Union speech.

• Wednesday, September 29th 2010 - 04:27 UTC

  Record gap between the richest and poorest in the US, according to Census

  

  The income gap between the richest and poorest in United States grew last year to the widest amount on record as young adults — and children in particular — struggled to stay afloat in the recession.

• Wednesday, September 22nd 2010 - 07:35 UTC

  Fed anticipates modest US growth and is prepared to provide further support

  

  Admitting that employment and output recovery has slowed down in recent months, the US Federal Reserve said on Tuesday that it is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.

• Saturday, September 11th 2010 - 18:22 UTC

  Developed nations slowdown “more pronounced than anticipated” says OECD

  

  The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, a leading global economic group has said. The Organisation for Economic Co-operation and Development (OECD) said the slowdown had been more “pronounced than anticipated”.

• Thursday, August 19th 2010 - 02:54 UTC

  Over-supply of homes hindering US economic recovery says Obama

  

  President Barack Obama has said an over-supply of homes is hindering the US economic recovery. Obama also said the US had to find a way to curb its budget deficit without further slowing economic growth.

• Thursday, August 5th 2010 - 09:09 UTC

  Obama administration wants to end Bush era tax cuts for the rich

  

  The George Bush administration's “misguided” policies are to blame for huge US budget deficits, Treasury Secretary Timothy Geithner charged as he sought to build an election-year case for ending tax cuts for the wealthiest US citizens.

• Friday, July 23rd 2010 - 22:44 UTC

  US economy faces “strong headwinds” and fiscal challenge, says Obama

  

  Obama administration warned the US economy had encountered “strong headwinds” and the country's fiscal challenge remained grave, but it lowered an estimate for the budget deficit this year.