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Bush calls flawed Iraq intelligence biggest regret

WASHINGTON, Dec. 1, 2008 (Reuters) — President George W. Bush said the biggest regret of his presidency was flawed intelligence that Iraq had weapons of mass destruction and told ABC "World News" in an interview airing on Monday that he was unprepared for war when he took office. ...  > full story

Russia seeks new missiles due to U.S. shield plans

MOSCOW, Nov. 28, 2008 (Reuters) — Russia's military said on Friday it had intensified efforts to develop new ballistic missiles in response to U.S. plans to deploy an anti-missile system in Europe and Russia's navy test fired a new generation rocket. ...  > full story

Obama picks Volcker as economy adviser

CHICAGO, Nov. 27, 2008 (Reuters) — U.S. President-elect Barack Obama on Wednesday named former Federal Reserve Chairman Paul Volcker to chair a new panel to advise him how to stabilize financial markets and navigate a potentially painful recession. ...  > full story

Obama presses economic theme as team solidifies

CHICAGO, Nov. 26, 2008 (Reuters) — President-elect Barack Obama takes another step toward tackling the ailing U.S. economy on Wednesday as part of an aggressive effort to demonstrate that his administration will face the global financial crisis head-on. ...  > full story

U.S. will not balance budget by 2012: White House

WASHINGTON, Nov. 26, 2008 (Reuters) — The U.S. government will not reach its goal of balancing the federal budget by 2012 because of the response to the global financial crisis, the White House said on Wednesday. ...  > full story

Fed throws fresh lifeline to financial system

WASHINGTON, Nov. 25, 2008 (Reuters) — The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards. ...  > full story

NY Fed moving ahead to seek Geithner replacement

NEW YORK, Nov. 25, 2008 (Reuters) — The New York Federal Reserve's board of directors is moving ahead "with prudent expedition" in finding a replacement for departing president Timothy Geithner, the head of the search committee told Reuters on Tuesday. ...  > full story

Bush says U.S. will recover from financial crisis

WASHINGTON, Nov. 24, 2008 (Reuters) — U.S. President George W. Bush on Monday said the U.S. economy would recover from the current financial crisis and that the government stood ready to help the banking system as it did with the $20 billion capital injection into Citigroup. ...  > full story

Bush to make statement following Citigroup bailout

WASHINGTON, Nov. 24, 2008 (Reuters) — President George W. Bush will meet Treasury Secretary Henry Paulson at 10 a.m. on Monday to discuss the economy, the financial crisis and the government's rescue package for Citigroup, White House officials said. ...  > full story

Obama taps Geithner, Summers for top economic jobs

WASHINGTON, Nov. 23, 2008 (Reuters) — President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years. ...  > full story
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