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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.
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…
Former Federal Reserve chairperson Alan Greenspan, in a memoir to be released on Monday, criticised President George Bush and congressional Republicans for abandoning fiscal…
Federal Reserve chairperson Ben Bernanke said on Wednesday this week’s sharp stock market drop had not changed the Fed’s view that the United States economy was sound, remarks…
