Daily News Channel
Steeped in a recession, with a surge in bankruptcies and sentiment among its largest manufacturers at a record low, Japan is expected to announce ¥15 trillion ($150 billion) in extra spending Friday. The stimulus plan is meant to keep Japan’s economy from cracking open, coalition party officials told CNN.
U.S. President Barack Obama arrived for early morning talks at Downing Street Wednesday with British Prime Minister Gordon Brown, as London braced itself for massive protests ahead of Thursday’s G-20 summit. The summit brings together leaders and financial chiefs from the top 20 industrialized and emerging economies, along with leaders from non-G-20 nations
Two Senate Democrats urged President Obama Wednesday to veto a $410 billion spending bill and said they are going to vote against it, criticizing it for its cost and for including too many personal pet projects. “I don’t think we should pass it [spending bill] this way,” Feingold said on CNN’s The Situation Room Wednesday. “[I’d like] to have the president veto it and say ‘clean it up, do it over.'” Feingold added: “If that doesn’t happen I think he should …
Getting an exclusive broadcast interview with all four members of U2 was the easy part. Getting an advance copy of their new CD required a bit more strategizing
On Tuesday evening, when President Barack Obama declared before a joint session of Congress that “we passed the recovery plan free of earmarks,” House Democrats led by Speaker Nancy Pelosi popped like jackrabbits out of their seats for a standing ovation.
An Afghanistan native living in California has been arrested and charged with lying to federal authorities, including trying to hide a trip he took to Pakistan to visit Osama bin Laden’s security coordinator. The CNN/Opinion Research Corp
A national poll indicates that two out of three Americans approve of the way Barack Obama is handling his job as president of the United States. The CNN/Opinion Research Corp. survey, released Friday, also suggests that six in 10 support the economic stimulus package that Obama signed into law Tuesday.
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The world’s richest countries committed to "any further action that may prove necessary" to restore confidence in the global financial system, their finance ministers said as they wrapped up a two-day meeting in Rome. The Group of Seven finance ministers also urged countries not to close their markets to goods and services from abroad. “An open system of global trade and investment is indispensable for global prosperity,” they said in a statement at the end of their meeting Saturday.
The U.S. Senate has given final approval to a $787 billion economic-stimulus package backed by President Obama, with Democratic Ohio Sen