United States

Thursday, July 31st 2008 - 21:00 UTC
Bush signs law to help homeowners and battered market

United States President George W. Bush signed Wednesday into law a bill designed to help struggling homeowners and prop up the battered US housing market. The new law creates a 300 billion US dollars rescue fund to help thousands of homeowners get cheaper loans.
Thursday, July 31st 2008 - 21:00 UTC
Governor declares New York economy officially in recession

New York governor David Paterson admitted the state economy was in recession and announced spending cuts to face a steep budget deficit due to declining tax revenues. Paterson said that he would ask the legislature to approve another 600 million US dollars cut in an emergency session.
Monday, July 28th 2008 - 21:00 UTC
Bush legacy: record deficit surprises for next US president

The next United States president is expected to face a record federal budget deficit of almost half a trillion dollars. The White House is tipped to lift its deficit forecast for 2009 to 490 billion from 407 billion US dollars.
Saturday, July 26th 2008 - 21:00 UTC
Obama's trip much better than he could have dared hope

Barack Obama, the US presidential candidate, has ended his overseas tour with a round of meetings in London, visiting Tony Blair, the former prime minister, before going on to talks with Gordon Brown.
Friday, July 25th 2008 - 21:00 UTC
Housing rescue bill moves swiftly in US Congress

United States House of Representatives passed on Thursday a massive housing rescue bill that could help struggling homeowners get cheaper loans. The vote came after the White House announced that President George Bush had dropped his threat to veto it.

The bill will now be passed to the Senate for approval before being signed into law.
Wednesday, July 23rd 2008 - 21:00 UTC
Bushconomics: “Wall Street got drunk and now has a hangover”

President George W Bush has explained the credit crunch savaging United States financial markets by saying “Wall Street got drunk”.
Tuesday, July 22nd 2008 - 21:00 UTC
US ready to cap farm subsidies at 15 billion USD annually

United States says it is ready to cut its trade-distorting farm subsides to 15 billion US dollars a year in a bid to reach a global trade deal that could help boost the world economy.
Monday, July 21st 2008 - 21:00 UTC
US Senate accuses European banks of helping tax evaders

A US Senate subcommittee accused banks in Switzerland and Liechtenstein of helping wealthy US citizens commit massive tax evasion, and urged the establishment of tougher laws to combat offshore tax havens around the world.
Wednesday, July 16th 2008 - 21:00 UTC
Black Tuesday for the US economy plagued with bad news

Tuesday was a particularly black day for the US with a rainfall of bad news including Federal Reserve chairman Ben Bernanke forecast of “numerous difficulties” ahead for the US economy plus reports of the highest inflation since 1981.
Wednesday, July 16th 2008 - 21:00 UTC
US inflation in June at its fastest pace in 17 years

United States inflation accelerated at its fastest pace in 17 years in June driven higher by surging energy prices. Consumer prices were 5% higher than a year ago and rose 1.1% on a monthly basis, the Labor Department said on Wednesday.