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Obama urges Congress to pass costly stimulus bill
CHICAGO - Citing an "economic crisis of historic proportions," President-elect Barack Obama urged Congress to pass a costly, job-creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing Bush administration approved fresh billions...
Obama to introduce his economic team today
CHICAGO - Eager to calm economic anxieties, President-elect Barack Obama is rolling out an economic vision that will require congressional cooperation even before he settles into his new desk in the White House's Oval Office. Obama will introduce his new...
Government plans massive Citigroup rescue effort
WASHINGTON - Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company. Regulators hope the dramatic action will bolster...
Gazans using tattered notes because of cash crunch
GAZA CITY, Gaza Strip: The term "financial meltdown" is taking on a whole new meaning in the Gaza Strip: Under pressure by Israeli sanctions, local banks are literally running out of cash. Most banks have sharply curtailed withdrawals, the U.N....
The Market Outlook: More Plunges, or a Year-End Rally?
Until a late-day rally on Friday, sparked by word that President-elect Obama would name Timothy Geithner as his new Treasury secretary, last week was another brutal one for the stock market, with the S&P 500 stock index hitting an 11-year...
Can Ray Odierno Make Iraq Safe for the US to Leave?
When Ray Odierno took over the top military post in Iraq from General David Petraeus in September, there was a lot of hand-wringing among folk at defense think tanks in Washington worried that he was the wrong man for the...
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