Barack Obama and his predecessor George W Bush have met in Tanzania to commemorate the victims of the 1998 al-Qaeda bombing of the US embassy.
President Barack Obama is due to announce on Sunday a $7-billion initiative over five years to double access to power in sub-Saharan Africa.
Obama has signaled that a proposal to add a same-sex partnership measure to a US immigration overhaul should not derail the entire legislative effort.
Barack Obama is due to host congressional leaders including his Republican rivals in a last-ditch bid to halt America’s slide over the fiscal cliff.
"We’ve endured too many of these tragedies in the past few years," Obama said during a somber televised appearance in the White House briefing room.
United States Federal Reserve chairperson Ben Bernanke on Tuesday defended the government’s latest bailout of embattled insurer AIG.
No image available
/ 7 September 2008
The US government seizes control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US economy.
Restoring financial market stability is a top priority for the United States Federal Reserve, Fed chairperson Ben Bernanke said on Tuesday.
The Federal Reserve slashed United States interest rates by a hefty three-quarters of a percentage point on Tuesday, giving a lift to stock markets already jubilant over stronger-than-expected investment bank earnings. Trying to avert a deep recession and financial market meltdown, the central bank cut less than many traders had expected but left the door open to additional reductions.
No image available
/ 16 September 2007
Former Federal Reserve chairperson Alan Greenspan, in a memoir to be released on Monday, criticised President George Bush and congressional Republicans for abandoning fiscal discipline and for putting politics ahead of sound economics. In his book, Greenspan said he was surprised Bush was unwilling to temper his campaign promises with fiscal reality once elected.