
White House officials said the United States and Colombia have reached a deal on a free trade agreement. President Barack Obama and Colombian President Juan Manuel Santos are to meet Thursday to discuss the deal.

Members of the US Federal Reserve are in sharp disagreement about how to address rising prices. The bank might need to tighten the reins on the economy before the end of the year to stave off inflation, said some members of the central bank's policy-setting body.

The increase in the Mexican IMEF manufacturing index last month suggests that the industrial sector has continued to benefit from stronger demand in the US, points out Capital Economics.

Ecuador is expelling the U.S. ambassador over a 2009 diplomatic cable released by WikiLeaks in which the diplomat accused the country’s former police chief of corruption.

President Barack Obama launched on Monday his 2012 re-election campaign, framing his final stint as a candidate as an effort to cement and expand the policies he has enacted from the White House.

United States will reach its 14.29 trillion US dollars legal debt limit no later than May 16 unless Congress acts before then, Treasury Secretary Timothy F. Geithner said on Monday warning of “severe hardship” if lawmakers fail to act.

Barack Obama is likely to announce plans next week to run for re-election and file campaign papers with the Federal Election Commission as early as Monday, a Democratic official said.

Russian billionaire has paid 100 million US dollars for a mansion in the United States, one of the most expensive single-family homes sold in the country.
The magnitude and extent of the 2007/2008 financial crisis and the liquidity mechanisms put to work, mainly the US Federal Reserve “discount window” has surfaced following disclosure this week in response to a Freedom of Information Act request. The following is a piece from Bloomberg’s which describes some of the surprises of those hectic days when the global financial system was on the edge of the cliff.

US employment recorded a second straight month of solid gains in March and the jobless rate fell to a two-year low of 8.8%, (from 8.9% in February) marking a decisive shift in the labour market.