United States big banks should be charged a fee to pay for bailouts as it will make them less prone to reckless lending, US Treasury Secretary Timothy Geithner told lawmakers as he sought support for the proposal.
United States officials have announced a ban on fishing for at least ten days in waters off Louisiana spanning to parts of the Florida panhandle as the oil slick from a leak spreads across the Gulf of Mexico. Rough weather conditions are complicating crews’ efforts to contain the oil slick.
Two US-based airlines, United (NASDAQ: UAUA) and Continental (NYSE: CAL) are merging in a 3.1 billion deal, creating the world's largest airline. The combined firm will have nearly 700 planes, 88,000 workers, and fly to 370 destinations in 59 nations.
Tens of thousand of demonstrators marched in over 70 cities across the United States Saturday to protest a new immigration law in the state of Arizona. The law is aimed at those who have entered the country illegally, but critics say it will lead to ethnic profiling of Arizona's Hispanics.
State of Florida Governor Charlie Crist declared on Friday a state of emergency in coastal counties because of the threat from the oil spill in the Gulf of Mexico.
The United States immigrant community will be taking to the streets on Saturday May first—International Workers' Day—in 70 cities to demand migration reform and to protest an Arizona law which criminalizes illegal immigration.
The lab production of meat without the need of slaughtering animals is no longer science fiction and could be producing “green” hamburgers in less than ten years according to the list of Time Magazine fifty main inventions of the year.
The US economy grew in the first three months of this year, but at a slower rate than the previous quarter. US consumer spending saw its biggest increase in three years in the first three months of 2010, which drove the country's overall economy to its third consecutive quarter of growth.
Oil started washing ashore on the US Gulf Coast from a leaking offshore well, the US Coast Guard reported. Up to 5,000 barrels of oil a day are thought to be spilling into the water after last week's explosion on a BP-operated rig (NYSE:BP), which then sank.
US President Barack Obama is expected to announce this week his choice of Federal Reserve Bank of San Francisco President Janet Yellen as vice-chairman of the Fed Board of Governors, according to congressional sources.