The United States Treasury wants more regulation of derivatives - the complex financial instruments that brought down some of Wall Street's biggest names. Proposals to be set out by Treasury Secretary Timothy Geithner will call for an electronic system to monitor buying and selling in the market.
New York City's Lincoln Center for the Performing Arts, the largest in the world, officially launched this week a year long celebration of its 50th Anniversary with a commemorative ceremony at Alice Tully Hall.
The United States is at risk of losing its triple-A credit rating unless it starts putting its finances in order, a former head of the agency in charge of fiscal accountability said in the Financial Times on Wednesday.
Thomas Shannon Assistant Secretary of State for Western Hemisphere Affairs who is to be replaced by Arturo Valenzuela said on Wednesday the incoming official will face “difficult challenges” in the management of relations with Latinamerica.
US President Barack Obama named Tuesday Arturo Valenzuela, a US-Chilean citizen and former member of President Bill Clinton’s administration as the new head of hemispheric affairs in the State Department reported the White House press office.
United States explicitly expressed support for Paraguayan president Fernando Lugo and his administration in response to some “instability” rumours which are “not positive” for the country.
Nobel Economics laureate Edgard Prescott and Joseph Stiglitz warned Monday of a “lost decade” and a worsening of the global financial crisis in the short term during a forum in Sao Paulo, Brazil. The “lost decade” reference is to the stagnation of the economy as happened with Japan during the nineties.
US auto maker General Motors' top executive said Monday that it's more likely the company will file for US bankruptcy than meet a June 1 government deadline to restructure.
The US government has opted to retain a Bush-era rule that limits protection for polar bears from the effects of global warming. Environmental groups had been calling for the rule to be lifted, and the US Congress had given Interior Secretary Ken Salazar the power to do so. Mr Salazar said lifting the rule would create uncertainty and confusion.
The President Barack Obama administration has named a prestigious civil rights activist of Hispanic-Mexican origin as the next US ambassador in Argentina. Vilma Socorro Martinez, 66, will replace Ambassador Earl Anthony Wayne who has held the job for three and a half years.