United States

Wednesday, October 17th 2007 - 20:00 UTC
US Lower House votes four year extension for internet tax ban

The United States House of Representatives approved Wednesday a new four-year ban on state or local taxation of Internet over the objections of both Republicans and Democrats seeking a permanent ban. The current three-year ban on access taxes expires on November first.
Tuesday, October 16th 2007 - 20:00 UTC
US private banks set up rescue fund for sub-prime debt

Three of United States largest banks have announced a plan to buy up billions of dollars of troubled investments that lost value in the global credit crunch. The unusual move aims to boost confidence in the market for short-term and sub-prime debt, preventing a further sell-off of such investments.
Monday, October 15th 2007 - 20:00 UTC
US Gulf of Mexico oil tracts bids bring in 2.9 billion

The United States Department of the Interior's Minerals Management Service recent central Gulf of Mexico lease sale received 1,428 bids on 723 tracts, attracting 2.9 billion US dollars in high bids – the second highest total in U.S. leasing history.
Sunday, October 14th 2007 - 20:00 UTC
Gap between US richest and poorest at its widest in 25 years

The gap between United States richest and poorest is at its widest in 25 years with the wealthiest taking home a record share of the nation's income that exceeds even the previous high in 2000, according to recent data from the Internal Revenue Service, IRS.
Sunday, October 14th 2007 - 20:00 UTC
Bush urges Congress on trade pacts with Latam countries

United States President George Bush on Saturday urged Congress to pass trade pacts with Peru, Colombia and Panama, and promised to strengthen job re-training programs and other measures to help workers displaced as a result of trade-related job losses.
Sunday, October 14th 2007 - 20:00 UTC
Gap between US richest and poorest at its widest in 25 years

The gap between United States richest and poorest is at its widest in 25 years with the wealthiest taking home a record share of the nation's income that exceeds even the previous high in 2000, according to recent data from the Internal Revenue Service, IRS.
Friday, October 12th 2007 - 21:00 UTC
Weak dollar shrinks US trade deficit even with China

The United States August trade deficit dropped substantially to its lowest since last January, 57.6 billion US dollars, as export levels rose to a monthly high and imports fell, reported the Department of Commerce.
Friday, October 12th 2007 - 21:00 UTC
Fed anticipates tougher regulations for mortgage market

Federal Reserve governor Randall Kroszner said this week that the central bank was forced to cut its benchmark interest rate in September because earlier attempts to increase liquidity did not help enough.
Friday, October 12th 2007 - 21:00 UTC
“This is New York” campaign targets 50 m. tourists by 2015

Tourists love New York and lots of them visit the Big Apple but the city says that's not enough so it is spending big money on a new ad campaign. The goal is to attract 50 million tourists a year by 2015 with the slogan “This is New York”.
Wednesday, October 10th 2007 - 21:00 UTC
Rice defends free trade pacts with Latam countries

United States Congress would deliver a “great blow” to Peru, Panama and Colombia, as well as damage U.S. interests in Latin America, if it fails to pass free-trade agreements with the three countries, U.S. Secretary of State Condoleezza Rice said on Tuesday.