CHICAGO, Dec. 2, 2008 (Reuters) President-elect Barack Obama pledged on Tuesday to help state governors cope with a deepening recession and asked for their help in crafting a huge stimulus package to create jobs and tackle the crumbling economy. ... > full story
WASHINGTON, Dec. 2, 2008 (Reuters) President-elect Barack Obama is expected to nominate New Mexico Gov. Bill Richardson to head the Commerce Department, a senior Democratic source said on Tuesday. ... > full story
CHICAGO, Dec. 1, 2008 (Reuters) A senior adviser to U.S. President-elect Barack Obama said on Monday the news that the United States has been in a recession for a year underscored the need for an economic stimulus package. ... > full story
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
NEW DELHI, Nov. 29, 2008 (Reuters) President-elect Barack Obama called Indian Prime Minister Manmohan Singh on Saturday to express his sympathy for the deaths in the attack by Islamist gunmen on Mumbai, a government spokesman said. ... > full story
DUBAI, Nov. 28, 2008 (Reuters) Al Qaeda's second-in-command said in an Internet video the U.S. financial crisis was caused by Washington's military campaigns in Iraq and Afghanistan and taxpayers were paying the price. ... > full story
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
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
WASHINGTON, Nov. 25, 2008 (Reuters) Treasury Secretary Henry Paulson on Tuesday said the U.S. economic situation might be much worse than it already is if Congress had not approved a $700-billion financial bailout program. ... > full story
Nov. 25, 2008 (Reuters) U.S. Treasury Secretary Henry Paulson plans to announce on Tuesday the formation of a program to increase the availability of auto loans, student loans and credit cards, the Wall Street Journal reported, citing people familiar with the matter. ... > full story
Copyright Reuters 2008. See Restrictions for more details.
Bush Gets Out the Shovel Dec. 2, 2008 (Washington Post) President Bush's interview with ABC News's Charlie Gibson is being heralded by some media outlets as reflective, apologetic and self-critical, even ...
Rhee's Battles Land Her Time Magazine Cover Dec. 2, 2008 (ABC 7 Washington (WJLA)) D.C. Schools Chancellor Michelle Rhee is being featured on the cover of Time magazine for her approach to reforming urban school systems. . Rhee is ...
BofA to lay off 7,500 after Countrywide deal Nov. 25, 2008 (Jacksonville Business Journal) Bank of America Corp. will cut 7,500 jobs as part of its acquisition of Countrywide Financial Corp.. . The layoffs are expected to occur during the ...
US-BUSINESS Summary Nov. 25, 2008 (Conde Nast Portfolio) Fed throws fresh lifeline to financial system. The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at ...