
United States president described his Chilean peer Michelle Bachelet as “one of the most compelling leaders” of Latinamerica and together with Brazil’s Lula da Silva they are an “example” of the kind of relations Washington wants with the region.

Chilean president Michelle Bachelet begins on Tuesday an official two-day visit to the United States where she will be meeting with President Barack Obama at the White House, members of Congress and the Organization of American States Secretary General.

The US government has announced a major reform of banking regulation to prevent future financial crises. The overhaul will require big banks to put more money aside against future losses to curb excessive risk taking.

The US government is planning a major overhaul of the system of financial regulation to avoid future crises. The broad outlines of the plan were revealed on Monday by US Treasury Secretary Tim Geithner and White House economic adviser Larry Summers.

Ten of the largest US banks will be able to repay 68 billion US dollars in government bail-out money, the US Treasury says, a sign the financial crisis is easing. President Barack Obama welcomed the move but said it was not a sign that our financial troubles were over.

The US White House economic adviser Christina Romer on Friday said that May payrolls data was consistent with a trend of moderating job losses, but the unemployment rate would stay high for a while.

The United States government said it was satisfied with the resolution which revoked OAS sanctions on Cuba, but warned that it’s “not contemplating” for the moment talking about an end on the half century embargo on the Havana regime.

New York Mayor Michael R. Bloomberg and Police Commissioner Raymond W. Kelly announced that New York City remains the safest big city in the United States, according to the FBI’s Crime in the United States, the preliminary Uniform Crime Report for 2008.

United States Federal Reserve chairman Ben Bernanke warned Wednesday that the US spending spree now threatens the country's financial stability, amid growing questions over whether governments and central banks around the world have gone too far.

Ford, the only one of the Big Three US carmakers not to have gone bankrupt, has reported its share of the US market in May was its highest since 2006.