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U.S. National Economy


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Obama pledges to help states weather recession

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

Obama to name Richardson to head Commerce Dept

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

Obama adviser warns U.S. recession may be worsening

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

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

Obama offers condolences to India PM

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

Qaeda's Zawahri says U.S. wars behind financial crisis

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

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

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

Paulson says U.S. situation worse if no bailout

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

Paulson to unveil facility to boost consumer loans: report

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
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