United States

Thursday, May 19th 2011 - 22:22 UTC
DSK granted bail and formally indicted; will appear in court June 6

Dominique Strauss-Kahn on Thursday was granted bail by a judge in a New York court, after being formally charged with trying to rape a hotel maid. Strauss-Kahn had earlier resigned as the International Monetary Fund's boss.
Thursday, May 19th 2011 - 07:36 UTC
Strauss-Kahn resigns from IMF; defence lawyer presents new plea for bail

International Monetary Fund chief Dominique Strauss-Kahn has resigned following allegations he sexually assaulted a hotel maid in New York. In a statement, Mr Strauss-Kahn, 62, said he had already informed the executive board of his intention to step down “with immediate effect”.
Wednesday, May 18th 2011 - 07:10 UTC
US says IMF should designate an interim Managing Director

Dominique Strauss-Kahn is “not in a position to run” the International Monetary Fund after his arrest over an alleged sexual assault, US Treasury Secretary Timothy Geithner has said. He added IMF's executive board should designate an interim head.
The alleged assault on a maid happened at New York's luxury Sofitel hotel on 14 May.
Tuesday, May 17th 2011 - 01:15 UTC
Budget dispute forces US to appeal to pensions’ funds to pay the country’s bills

United States reached the legal limits of its borrowing authority as a top Republican increased his party's demand for deep spending cuts as part of any increase. The remarks by Representative Paul Ryan, the top budget writer in the House of Representatives, underscored the divisions that Republicans and Democrats will have to overcome in order to raise the 14.3 trillion US dollars debt limit and avoid a default that would roil markets across the globe.
Monday, May 16th 2011 - 20:33 UTC
IMF chief denied bail remains in custody in New York

IMF Dominique Straus-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.
Monday, May 16th 2011 - 03:07 UTC
US inflation slowed down during April to 0.4% from 0.5% in March

Inflation in the United States slowed in April, mainly due to smaller price rises in fuel and food. Consumer prices rose 0.4% in April, having risen 0.5% in March, according to figures from the Labour Department.
Sunday, May 15th 2011 - 15:00 UTC
Geithner warns of catastrophic consequences if US debt limit is not raised

With the US government about to hit its 14.3 trillion US dollars debt limit, US Treasury Secretary Timothy Geithner has warned of “catastrophic” consequences and a new recession if Washington is not able to borrow more.
Saturday, May 14th 2011 - 05:03 UTC
US tourism industry calls for reforming the “antiquated visa process”

The U.S. Travel Association unveiled a plan to create 1.3 million U.S. jobs and add 859 billion dollars to the U.S. economy by 2020 by reforming an antiquated visa process that often drives international travelers to other countries. The heart of U.S. Travel's plan is to increase staffing, reduce visa interview wait times and expand the Visa Waiver Program.
Friday, May 13th 2011 - 01:01 UTC
US trade deals with Colombia, Panama and Korea could be approved ‘by August’

The United States free trade deals with Colombia, Panama and South Korea will pass through Congress by August if Republicans renew funding for the retraining of displaced workers, the chief U.S. trade official said Thursday.
Friday, May 13th 2011 - 00:54 UTC
US farmers lobby strongly for FTA, which could generate 22.500 jobs

The inability of the United States Congress and the administration to move three stalled free trade agreements is hurting US economic growth, testified American Farm Bureau Federation President Bob Stallman before the House Agriculture Committee.