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SYDNEY: Share markets from Australia to Japan staged a relief rally on Thursday as President Barack Obama declared a deal had been done to lift the government's borrowing limit and avoid a historic default.
WASHINGTON: Japan said on Friday it would be difficult to achieve a breakthrough in talks with the United States on a Pacific trade deal in time for President Barack Obama's trip to Asia next month unless Washington shows flexibility.
WASHINGTON: The US Congress approved an increase in the country's debt limit through March 2015, bowing to President Barack Obama's demands for a debt limit increase without any conditions, but only after a dramatic Senate vote on Wednesday.
PALO ALTO, Calif: Stanley Fischer, U.S. President Barack Obama's pick for the No. 2 job at the Federal Reserve, said on Friday that decades of crisis-fighting have taught him the importance of making policy decisions quickly, even before all relevant data is in hand.
WASHINGTON: Progressive groups opposing Lawrence Summers as the next Federal Reserve chairman are stepping up pressure on President Barack Obama to make a different choice, emphasizing the price his Democratic Party would pay for nominating the former U.S. Treasury Secretary and White House aide.
President-elect Barack Obama named his economic team Monday (Tuesday Malaysian time), tapping New York Federal Reserve President Tim Geithner as treasury secretary to deal with what he said was as a crisis of historic proportions.
NEW YORK: President Barack Obama sternly warned Wall Street Monday against returning to the sort of reckless and unchecked behavior that threatened the U.S. with a second Great Depression like that of the 1930s.
WASHINGTON: The Democratic-controlled Congress handed President Barack Obama a huge victory Sunday night extending health care to tens of millions of uninsured Americans and cracking down on insurance company abuses, a climactic chapter in the century-long quest for near universal coverage.hr noshade size=-1 width=50%>