United States

• 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.

• Sunday, July 13th 2008 - 21:00 UTC

  Washington promises information on IV fleet Atlantic actions

  United States Assistant Secretary for Western Hemisphere Affairs Thomas Shannon said Washington will provide information to Latin American countries on the actions of the fourth fleet in Atlantic waters, to ease concerns that erupted after the United States decided to re-activate that fleet.

• Sunday, July 13th 2008 - 21:00 UTC

  US government bails out mortgage finance companies

  The United States government has announced sweeping measures to shore up the nation's two largest mortgage finance companies, Freddie Mac and Fannie Mae.

• Saturday, July 12th 2008 - 21:00 UTC

  US trade deficit falls in May; oil imports lowest since 2002

  The United States trade deficit shrank in May even when average prices for imported oil surged during the month to a record, according to a US Department of Commerce release on Friday. The deficit narrowed to 59.8 billion US dollars from 60.5 billion in April as both exports and imports rose to record highs.

• Saturday, July 12th 2008 - 21:00 UTC

  US government moves into collapsed top mortgage lender

  

  One of the largest United States mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors. It is the second-largest financial institution to fail in US history, regulators say.

• Saturday, July 12th 2008 - 21:00 UTC

  US satisfied with Argentine handling of farmers' dispute

  

  The United States said it was satisfied at the way the Argentine government is handling the dispute with the farmers, said Argentine Ambassador to the US Héctor Timerman on Friday, after participating in a meeting with the US Under-Secretary for Western Hemispheric Affairs Thomas Shannon and the Treasury Department Deputy Assistant Secretary for the Western Hemisphere Brian O'Neill.