Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a painfully protracted recovery, one of the officials who dissented against the decision said on Thursday.
US new unemployment benefit claims fell to a five-month low last week, while the economy grew slightly more than previously reported in the second quarter, according to data from the Labour Department.
Washington's decision to vote against loans for Argentina from multilateral development banks “will not affect the country's funding for 2012”, an Argentine government source said on Wednesday.
The US State Department said on Wednesday that Argentina must normalize relations with creditors. The statement follows an announcement last week from the Treasury Department warning that the US will vote against granting loans to Argentina in multilateral organizations.
US President Barack Obama suggested that acting Principal Deputy Assistant Secretary of State in the Bureau of Western Hemisphere Affairs, Roberta Jacobson, be ratified in office, the White House announced.
A record-high 81% of US citizens are dissatisfied with the way the country is being governed, adding to negativity that has been building over the past 10 years.
United States regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured.
US Treasury Secretary Timothy Geithner has called on European leaders to take urgent new steps to create a 'firewall' against the crisis spreading. He added that decisions on how to tackle Euro zone debt could not wait until the crisis gets more severe.
United States regulators on Friday closed banks in Virginia and California, lifting to 73 the number of US bank failures this year. The number of closures has dropped significantly this year as banks have worked their way through the bad debt accumulated in the recession. By this time last year, regulators had shuttered 127 banks.
Asian stocks have fallen on Friday, with some indexes driving towards their worst weekly losses since 2008. The Group of 20 nations said they were ready to preserve stability in the financial markets.