United States senators from both parties, backed by activists and businessmen, began promoting a bill this week to lift travel restrictions to Cuba, and apparently have the necessary votes for approval.
United States President Barack Obama is in the United Kingdom for his first major foreign trip since taking office in January. In London he is to attend the G20 summit of the world’s 20 major economies representing 85% of global GDP, which is hosted by British Prime Minister Gordon Brown. The two will have breakfast talks in Downing Street on Wednesday followed by meetings with other world leaders.
President Barack Obama has given US carmakers General Motors (GM) and Chrysler strict deadlines to restructure before getting more aid. General Motors will be given 60 days and Chrysler just 30 days to submit new plans for recovery.
United States Vice President Joe Biden said that Washington would no longer dictate unilaterally to Latin America, and that it had entered a new era in the historically troubled relationship.
The chief executive of struggling US car company General Motors, Rick Wagoner, has agreed to step down. He will leave his post immediately at the request of the White House, a government official confirmed.
Central American leaders are expected to push United States to slow a flood of deportations when Vice-President Joe Biden meets with them Monday, promising a new day for relations with a region that has felt ignored.
United States Vice President Joe Biden is on a four-day trip to Central and South America for meetings he said represent a new day for partnerships in the Americas.
The United States economy contracted at a stunning pace of 6.3% in the fourth quarter of 2008, the most in 26 years, as consumers cut down on spending and exports weakened.
United States Treasury Secretary Timothy Geithner has outlined far-reaching plans to strengthen government authority over the US financial system. The measures are designed to prevent the kind of systemic risk-taking among banks that has contributed to the current financial crisis.
Calls from China and other emerging economies for the creation of a new global currency to replace the US dollar are unnecessary because confidence in the dollar is extraordinarily strong said US president Barack Obama.