
US Secretary of State Hillary Clinton will be visiting five Latinamerican countries next week beginning in Uruguay, representing President Barack Obama at the inauguration ceremony of president elect Jose Mujica on March first, according to Washington diplomatic sources.

United States currently has no interest in having US troops stationed and with access to military bases belonging to other Latinamerican countries, such is the case with Colombia said a top Pentagon official during a visit to Nicaragua.

Goldman Sachs defended the 2001 debt-swap deal with Greece that may have allowed the country to mask the extent of its debt woes. Gerald Corrigan, chairman of Goldman Sachs Bank USA, the bank's holding company, said it was consistent with the regulations of the time.

The US Federal Reserve poured cold water on speculation that a surprise hike to its emergency lending rate signalled a change in monetary policy, saying borrowing costs in the economy would remain low.

Alexander Haig, the decorated four- star general and assertive aide to U.S. presidents who declared himself “in control” at the White House after Ronald Reagan was shot, has died. He was 85.

President Barack Obama has set up a taskforce to tackle the growing US budget deficit.
The body will report back by the end of the year on what steps need to be taken to get the deficit down to 3% of GDP.

The United State Federal Reserve tightened monetary policy Thursday for the first time in more than a year, raising by 0.25 percentage points the discount interest rate at which the US central bank lends directly to commercial banks.

The US government confirmed that one of its top diplomats for Latin America will participate this week in Havana in a new round of talks on immigration issues with Cuba.

The number of US workers filing new applications for jobless benefits tumbled last week, a government report showed Thursday, reversing a recent spike that had raised concerns about renewed labour market weakness.

The Federal Reserve could begin pulling back its unprecedented stimulus for the US economy by first removing some cash from the financial system and then raising interest rates, Fed Chairman Ben Bernanke said.