Daily News Channel
President Obama arrived Sunday evening in Guadalajara, Mexico’s second-largest city, for a day and a half of talks with Mexican President Felipe Calderon and Canadian Prime Minister Stephen Harper. A broad range of issues is expected to be discussed — including the economy, drug violence and the environment — but no major announcements are expected, officials said in the days leading up the North American Leaders’ Summit
White House economic adviser Christina Romer declared the president’s stimulus plan "absolutely" is working to slow the economy’s decline, though she still held open the possibility of a second stimulus package a few months down the road.
Searchers rescued at least 53 people and about 33 are missing after a ferry capsized in the Pacific Ocean overnight near Tonga’s capital, Nuku’alofa, a search and rescue officer said early Friday. The surprise measure takes the total sum injected into the economy via government-backed “quantitative easing” to £175 billion ($294 billion).
On a steamy saturday afternoon just outside Shanghai, Zhang Yi is in a blessedly cool General Motors showroom, kicking the tires of the company’s newer models. He’s not there to beat the heat. He drives a small Volkswagen now and wants to upgrade
About 40 minutes into Chris Christie’s talk July 27 at the Bethel United Methodist Church in Pennsauken, N.J., he got the question. The Republican candidate for governor is a former U.S. Attorney who made his name prosecuting corrupt Garden State politicians — 140 of them in seven years
Congressional Democrats and a barnstorming President face deep skepticism from the American public about the details of their effort to change the nation’s health-care system, even as enthusiasm for the prospect of reform remains high, according to a new TIME poll. By significant margins, survey respondents said they believe the final health-reform legislation is likely to raise health-care costs in the long run , make everything about health care more complicated and offer less freedom to choose doctors and coverage .
At $1.95 trillion, China’s international reserves are more than enough to fund America’s entire budget deficit next year, which the U.S. Treasury estimates will reach $1.3 trillion because of the government’s massive stimulus spending. There is no direct correlation between these two numbers, but they highlight a reversal of fortune.
June has been rough for President Obama.
Republicans disappointed with the president’s stimulus plan are expected to hit the Obama administration and Democrats hard Wednesday during a House hearing on oversight of the stimulus spending. Republican lawmakers will accuse the administration of misreading the effectiveness of the stimulus and say the administration has “rigged the game” by using what they call the immeasurable metric of “jobs created or saved,” according to a Republican memo obtained by CNN
Fueled by Coke Zero and a double-chocolate protein bar, Vice President Joe Biden is roiling, ranting, being his usual self. Five mayors and county executives listen in silence on the other end of a White House speakerphone as the Delaware ear bender tries to ride herd on the stampede for dollars known as the American Recovery and Reinvestment Act, the $787 billion monster that is the largest domestic-spending effort in U.S