United States

Saturday, November 6th 2010 - 07:34 UTC
Bernanke explains what the Fed did and why: deflation and stagnation fears

Following the latest decision from the Fed to pump more money into the US economy which triggered a barrage of criticisms from overseas, chairman Ben Bernanke in a column published in The Washington Post explains what it did an why.
Thursday, November 4th 2010 - 05:25 UTC
Obama admits voters’ frustration sends conciliatory message to Republicans

President Barack Obama said he believes US voters are feeling frustrated with the pace of economic recovery, after mid-term poll losses. The Republicans captured 60 seats to take control of the House of Representatives. The Democrats clung on to the Senate despite losing seats.
Wednesday, November 3rd 2010 - 23:29 UTC
Fed decides to pump an additional 900 billion USD to the US economy

The Federal Reserve announced Wednesday it will pump 600 billion US dollars into the US economy by the end of June next year to try and boost the fragile recovery. The stimulus equates 75 billion USD a month, slightly more than economists had expected.
Wednesday, November 3rd 2010 - 04:54 UTC
Republican landslide in the House; Democrats barely manage to retain Senate

Voter dissatisfaction with the United States economy has given Republicans an anticipated but equally stunning advance in Congress winning a majority control of the U.S. House of Representatives, while Democrats retained their majority in the Senate.
Wednesday, November 3rd 2010 - 00:27 UTC
China offers to finance US infrastructure and help create jobs

China’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.
Monday, November 1st 2010 - 00:43 UTC
Republicans promise a “political earthquake” in Tuesday’s mid term election

Candidates across the United States launched a frantic final push for support, and President Barack Obama ended a two-day campaign swing designed to pump up Democratic turnout less than 48 hours before Americans begin to cast their ballots.
Saturday, October 30th 2010 - 05:13 UTC
US economy growing again but not enough to quell frustration about jobs

The United States economy is growing but not enough to help with jobs. The US Commerce Department says GDP grew 2%, at an annual rate, between July and September - a slight increase from the previous quarter.
Friday, October 29th 2010 - 04:00 UTC
Bed bugs that have infested New York City take over the UN building

The dreaded bed bugs (mites) that have infested New York City have spread to the United Nations landmark headquarters building, reports Foreign Policy.
Tuesday, October 26th 2010 - 04:32 UTC
US Treasury bonds fetch negative yield ahead of Fed’s actions to prop inflation

US Treasury Department sold securities that fetched a negative yield for the first time, implying investors are willing to pay the government to own its debt. This is a milestone in the current rock-bottom interest rate environment, as the Federal Reserve is widely expected next week to announce it will buy more Treasuries to jump-start a sluggish economy.
Monday, October 25th 2010 - 02:55 UTC
US says China is “committed” to allow the Yuan to appreciate

United States Treasury Secretary Timothy Geithner has said he believes China is now “committed” to allowing the Yuan to go up in value. Mr Geithner made the comment in a TV interview before he held talks with China's Vice-Premier, Wang Qishan.