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Europe was pressed by other world powers on Saturday to take strong measures to fix its debt-heavy economy.
World leaders aimed for a common target on Thursday of securing the economic recovery, but disagreed over how best to reach it.
The United States on Monday offered generous financing for private investors to help cleanse banks of up to -trillion in toxic assets.
The G7 meet in Rome this week to kick off a run of high-profile meetings among leaders wrestling to get recession-hit economies back on their feet.
The US government agreed to prop up Citigroup with more than -billion, the latest bailout in a sector crippled by exposure to toxic debts.
World leaders grappling with a global financial crisis pledged on Friday to deliver an action plan to ward off recession and prevent future meltdowns.
The US government sought to raise -billion on Wednesday to help its central bank finance a rescue plan for insurance giant AIG.
The US government seizes control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US economy.
A government plan to shore up Fannie Mae and Freddie Mac helped calm markets on Monday but did little to allay fears about the health of the system.
China is too far down the road toward a market economy to turn back from reforms now, even if United States financial market turmoil is causing it some qualms, US Treasury…
United States employers unexpectedly cut jobs in February at the steepest rate in nearly five years, a second straight month of employment losses that heightened fears the…
United States growth skidded lower in the fourth quarter and was the weakest in five years for all of 2007, according to a government report on Wednesday that highlighted the…
United States Treasury Secretary Henry Paulson came away from two days of talks on Thursday convinced that China sees the need for a stronger yuan. Although the grand-sounding…
