Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while other Americans suffer…
President Barack Obama calls on Americans to “answer history’s call” amid the historic economic crisis, proposing a freeze on big chunks of popular spending programs.
US president uses his first state of the union speech to promise he will make the creation of a million jobs his priority this year• Datablog: how did Obama’s speech compare to past presidents? As wordlesBarack Obama bowed to the wave of US public anger over unemployment and other recession-related issues when he promised in [...]
Obama uses his first State of the Union speech to promise he will make the creation of a million jobs his priority in the year to come, telling Americans: ‘We don’t quit. I don’t quit’Barack Obama bowed to the wave of public anger in the US over unemployment and other recession-related issues when he [...]
Tories say there is ‘a clear case for a levy to compensate taxpayers for what happened in the past and may happen in the future’The Conservative party today called on Gordon Brown to follow the lead of the US president, Barack Obama, in instigating radical banking reforms after the recession.William Hague, the shadow foreign secretary, [...]
Britain has become the sick man of the G7, but there are plenty of other sufferersThe US, France, Germany and Japan had all emerged from recession by the autumn of last year, so the UK underlined its new-found reputation as the sick man of the G7 by barely returning to growth at the end of [...]
US president will focus on jobs and the economy in speech to address voter dissatisfactionBarack Obama is to respond to last week’s shock Senate election defeat by using Wednesday’s state of the union speech to scale back his ambitious legislative programme and instead focus on measures to help recession-hit families.Obama opened his presidency last year [...]
It’s somewhat distressing to see Timothy Geithner chicken-littleing away about how the markets are going to tank if Bernanke isn’t reappointed: “He’s done a remarkable job of helping steer this economy out of the great recession. And I think he’ll play a very important role in helping in the success of our efforts to [...]
WASHINGTON (Reuters) – Bill Gates, the world’s richest man, said on Monday the U.S. economy could take years to recover from recession and predicted taxes will have to rise to bring the federal budget into balance.