United States

Friday, July 23rd 2010 - 22:44 UTC
US economy faces “strong headwinds” and fiscal challenge, says Obama

Obama administration warned the US economy had encountered “strong headwinds” and the country's fiscal challenge remained grave, but it lowered an estimate for the budget deficit this year.
Friday, July 23rd 2010 - 03:36 UTC
Fearing US ‘double-dip’ recession Fed commits making credit easier

The United States Federal Reserve will try to push borrowing costs even lower if the job market continues to languish, Fed Chairman Ben Bernanke said, offering his clearest blueprint yet for possible additional monetary easing.
Thursday, July 22nd 2010 - 09:22 UTC
Eleven countries condemn Arizona’s controversial immigration law

Eleven countries mostly from Latinamerica on Wednesday signed a declaration condemning the US state of Arizona's controversial immigration law, describing it as “racist and xenophobic.”
Thursday, July 22nd 2010 - 09:10 UTC
Outlook of US economy remains “unusually uncertain” says Bernanke

US Federal Reserve chairman Ben Bernanke has warned that the outlook for the US economy remains “unusually uncertain”. In testimony before the Senate Banking Committee, Mr Bernanke said record low interest rates would still be needed to support economic recovery.
Wednesday, July 21st 2010 - 05:45 UTC
Obama orders National Guard troops deployed along US/Mexico border

United States National Guard troops will begin deploying along the US-Mexico border from 1 August, officials say. The 1,200 troops, ordered to the border by President Barack Obama, form part of efforts to tackle illegal immigration and drug-trafficking.They will be in the four border states with Arizona getting the largest share.
Tuesday, July 20th 2010 - 03:37 UTC
US Fed names list of chairs with no representatives from financial services

There are no representatives of the banking or financial services industry on the list of chairs and deputy chairs designated by the United States Federal Reserve Monday to serve on the boards of the 12 regional Fed banks for 2011.
Saturday, July 17th 2010 - 06:43 UTC
Buffett warns Obama US economy is only 40/50% back on its feet

United States President Barack Obama received a sobering message from billionaire Warren Buffett when he asked for the investment guru's views about the economic recovery, according to an interview Obama gave NBC News on Thursday.
Friday, July 16th 2010 - 04:00 UTC
Goldman Sachs fined 550 million USD for giving clients “incomplete information”

Goldman Sachs has agreed to pay 550 million US dollars to settle civil fraud charges of misleading investors. The US financial watchdog, the Securities and Exchange Commission (SEC), said this was the biggest fine against a bank in its history.
Friday, July 16th 2010 - 03:46 UTC
US Senate approves biggest overhaul of financial regulation in decades

United States Senate has given final approval to the biggest overhaul of US financial regulation in decades. The reforms are intended to avert a repeat of the 2008 crisis that brought the world economy to the brink of collapse.
Thursday, July 15th 2010 - 06:19 UTC
US May trade deficit, the highest in last 18 months

US trade deficit widened to its highest level in 18 months in May, driven by demand for imported cars, computers and clothing. The deficit increased by 4.8% to 42.3 billion US dollars, the largest since November 2008, Commerce Department data showed.