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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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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 |
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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 |
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| 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 |
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| 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 |
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| 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 |
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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 |
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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 |
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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 |
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| 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 |
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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 |
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| Reuters - 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 |
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| Reuters - 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 |
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| 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 |
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Reuters - Google Inc's search engine now displays results before users finish typing.
09/08/2010 04:27 PM |
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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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