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Obama firm, won't yield on tax hike for wealthiest (AP)

President Barack Obama delivers remarks on the economy, Wednesday, Sept. 8, 2010, at the Cuyahoga Community College West Campus in Parma, Ohio.  (AP Photo/Pablo Martinez Monsivais)AP - Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans — and some fellow Democrats — just two months before bruising midterm elections.




09/08/2010 03:58 PM

GOP proposes renewing tax cuts, freezing spending (AP)

FILE - In this April 14, 2010 file photo, House Minority Leader John Boehner of Ohio, left, and Senate Minority Leader Mitch McConnell of Ky., talk to reporters outside the White House in Washington. Boehner could walk down most U.S. streets anonymously. But the perpetually tanned golf lover, who grew up in a Cincinnati family of 14, could become the next House speaker and the GOP leader of opposition to President Barack Obama.  (AP Photo/Alex Brandon, File)AP - House Republican Leader John Boehner onWednesday proposed a two-year freeze on all tax rates and a cut in government spending to the levels of 2008, before a deep recession took hold of the economy.




09/08/2010 04:32 AM

Obama's tax break for business: Will it put Americans to work? (The Christian Science Monitor)

President Barack Obama speaks about the economy,Wednesday, Sept. 8, 2010, at Cuyahoga Community College in Parma, Ohio. (AP Photo/Tony Dejak)The Christian Science Monitor - A new round of tax incentives for US businesses could have some positive impact on the job market, but it's not likely to ignite massive employment.




09/08/2010 12:12 PM

Obama: U.S. can't afford to extend tax cuts for rich (Reuters)

US President Barack Obama walks to the Oval Office at the White House in Washington, DC. Obama admitted Wednesday if US voters in the upcoming midterm elections make their choices based on their opinion of the economy, his Democratic Party could be in big trouble.(AFP/Jim Watson)Reuters - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.




09/08/2010 05:33 PM

China's Hu calls for stable ties with US (AP)

U.S. Deputy National Security Adviser Tom Donilon, fourth from left, reacts during a meeting with Chinese State Councilor Dai Bingguo, third from right, during a meeting at the Great Hall of the People in Beijing Tuesday, Sept. 7, 2010. (AP Photo/Ng Han Guan, Pool)AP - Trying to smooth over recently rocky relations before a visit to Washington, Chinese President Hu Jintao told American officials on Wednesday that he wants to see healthy and stable ties between the two countries.




09/08/2010 04:49 AM

Dollar to maintain its dominance: China minister (Reuters)

Reuters - The dollar will remain the world's dominant currency for a long time, and the yuan will only gradually emerge as an alternative, Chinese Commerce Minister Chen Deming said on Wednesday.

09/07/2010 09:52 PM

Reid blames Bush, Wall Street for sick economy (AP)

AP - Senate Majority Leader Harry Reid knows who's to blame for the sickly economy. And it's not him.

09/07/2010 05:42 PM

Wind-whipped fires add to Detroit's economic woes (AP)

A burned home is seen through a remaining entryway of another home on Detroit's east side, Wednesday, Sept. 8, 2010. Wind-whipped flames swept through at least three Detroit neighborhoods, destroying dozens of homes, including many that were vacant, officials said. (AP Photo/Carlos Osorio)AP - For a city already struggling with high unemployment, widespread foreclosures and deep budget cuts, here was another crisis: Wind-whipped fires tearing through row after row of homes, some of them abandoned.




09/08/2010 04:14 PM

ADWATCH: Ads attacking health plan miss some facts (AP)

In this image provided by Crossroads GPS, a video image from a political ad is seen. An ad by Crossroads GPS, a group founded by top Republican strategists Karl Rove and Ed Gillespie, took aim at Democrat Joe Sestak in Pennsylvania's contest for the Senate. It ran similar ads against Sen. Barbara Boxer in California and Democrat Jack Conway, seeking a Senate seat from Kentucky. (AP Photo/Crossroads GPS)AP - When it comes to sorting out President Barack Obama's health care initiative, take three political ads and call a doctor in the morning.




09/08/2010 02:59 PM

Battle of oil titans as BP seeks to shift blame for spill (AFP)

Oil covered brown pelicans found off the Louisiana coast and affected by the BP Deepwater Horizon oil spill in the Gulf of Mexico wait in a holding pen for cleaning in Buras, Louisiana, in June 2010. A string of failures by BP and other companies led to the Gulf of Mexico oil disaster, the British energy giant concluded Wednesday as it sought to head off possible multi-billion-dollar US lawsuits.(AFP/File/Saul Loeb)AFP - BP sought to spread the blame for the Gulf of Mexico oil disaster Wednesday, setting off a battle of oil industry giants with tens of billions of dollars in potential fines and legal liabilities at stake.




09/08/2010 02:45 PM

Appeals court lets government halt torture lawsuit (AP)

AP - A sharply divided federal appeals court on Wednesday threw out a lawsuit challenging a controversial post-Sept. 11 CIA program that flew terrorism suspects to secret prisons.

09/08/2010 06:51 PM

Bankers urge government to pull plug on Fannie, Freddie (Reuters)

Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.

09/08/2010 01:35 PM

Fed survey sees slower growth in East and Midwest (AP)

AP - The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest.

09/08/2010 03:07 PM

Economists further scale back U.S. growth outlook (Reuters)

London shares ended in positive territory Thursday on US jobs and home sales data after falling in early deals.(AFP/File/Carl de Souza)Reuters - Stubbornly high unemployment and signs of persistent weakness in the housing market have prompted economists to further cut their outlook for U.S. growth in the second half of the year, a Reuters poll showed on Wednesday.




09/08/2010 07:41 AM

Summary Box: Mortgage lending falls 1.5 pct (AP)

AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

09/08/2010 07:45 AM

Hurd's Oracle hire package worth millions (Reuters)

Mark Hurd, chairman, CEO and president of HP speaks at the Fortune Brainstorm Tech conference in Pasadena, California, in this July 24, 2009 file photo. REUTERS/Fred Prouser/FilesReuters - Oracle Corp has offered its new co-president, former Hewlett-Packard chief Mark Hurd, a hiring package with a bonus of up to $10 million and options potentially worth tens of millions more.




09/08/2010 06:03 PM

Wall Street climbs in low-volume session (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidReuters - Stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.




09/08/2010 02:48 PM

Goldman NY proprietary traders consider next move (Reuters)

The Goldman Sachs booth on the floor of the New York Stock Exchange. The FSA has hit Wall Street bank Goldman Sachs with a 20-million-pound fine linked to US fraud charges, a report said Wednesday.(AFP/Getty Images/File/Chris Hondros)Reuters - Members of Goldman Sachs Group Inc's New York Principal Strategies team are in talks with several groups, including KKR, Perella Weinberg, BlackRock Inc and Carlyle Group, to possibly join one of the firms, a source familiar with the matter said.




09/08/2010 10:39 AM

Google seeks to speed up Web searches (Reuters)

Reuters - Google Inc's search engine now displays results before users finish typing.

09/08/2010 04:27 PM

Summary Box: Ireland to split Anglo Irish Bank (AP)

AP - SPLIT: Ireland plans to split its most troubled financial institution, Anglo Irish Bank, into a "good" deposit bank and a "bad" toxic-debt bank. The move comes as the nation seeks to reassure international lenders that it is dealing with the Irish debt crisis.

09/08/2010 11:30 AM
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