United States

Thursday, April 4th 2013 - 02:47 UTC
Argentine defaulted bond-holders have until 22 April to respond to the proposed payment plan

A US appeals court gave holders of defaulted Argentina debt three weeks to respond to the country’s proposed plan to pay them much less than the 1.33 billion dollars they have sued to collect.
Tuesday, April 2nd 2013 - 16:39 UTC
Afghanistan and Iraq wars, the costliest in US history equivalent to 40% of GDP

US wars in Afghanistan and Iraq will cost taxpayers up to 6 trillion dollars or 75.000 dollars for every US household, “the most expensive wars in US history,” a new report has revealed, adding that these campaigns will dominate future federal budgets “for decades to come”.
Tuesday, April 2nd 2013 - 16:32 UTC
US/UK combined Chiefs of Staff Committee meet as a group for the first time since 1948

Britain's most senior military chiefs met with their US counterparts as a group, bringing them together as a Combined Chiefs of Staff Committee for the first time since 1948. This time, the Chiefs were not discussing current or prospective operations but instead met to discuss the strategic challenges the UK and US militaries may face in the future.
Monday, April 1st 2013 - 09:17 UTC
US economy fourth quarter report positive, but still sluggish

The US economy grew at a faster than expected 0.4% in the fourth quarter of 2012, the Department of Commerce has said. The annualised figure was better than an earlier estimate of 0.1% growth, reflecting increased investments in plant and equipment.
Tuesday, March 26th 2013 - 21:33 UTC
Setback in New York court for Argentina’s strategy in its battle with bond holdouts

A US court in New York on Tuesday rejected Argentina's request for a full-court rehearing of an appeal it lodged as it struggles to shake off holders of 1.3 billion dollars in defaulted bonds.
Tuesday, March 26th 2013 - 05:00 UTC
Bernanke defends low-interest rates arguing they help to boost the global economy

Ben Bernanke has defended the continuing low-interest-rate policies of the US Federal Reserve and central banks in Europe, saying they are helping to boost the global economy. The Fed governor's comments come after some analysts have voiced concern that such low rates are cutting the value of currencies of advanced nations.
Friday, March 22nd 2013 - 07:04 UTC
Bernanke de-personalizes his job: the Fed a ‘terrific team’ and ‘no single person is essential’

Federal Reserve Chairman Ben Bernanke admitted speaking to President Barack Obama about his future and that he feels no personal responsibility to stay at the helm until the Fed winds down its unprecedented policies to stimulate the US economy.
Friday, March 22nd 2013 - 02:28 UTC
US congress agrees on ‘fiscal warfare’ truth until budget debate next October

Congress has comfortably passed a large spending bill to keep the US government running until the end of September and avert a temporary shutdown. President Barack Obama must now sign the bill, which was passed by a bipartisan vote of 318-109.
Wednesday, March 20th 2013 - 08:08 UTC
Chinese leadership pledges new relationship with US and demands respect for ‘core interests’

Chinese President Xi Jinping told US Treasury Secretary Jacob Lew in Beijing on Tuesday that he wants to build a new type of relationship with Washington centred on core interests.
Wednesday, March 13th 2013 - 03:40 UTC
Falklands: US formal position unchanged but describes the referendum as ‘democratic’

The US State Department spokesperson said on Tuesday that Washington’s formal position regarding the Falklands/Malvinas despite the democratic referendum results, “has not changed: we recognize de facto UK administration of the Islands, but we take no position on sovereignty claims”.