From NPR News in Washington, I'm Craig Windham. The chairman of the White House Council of Economic Advisors Christina Romer says the US is fighting an economic war that has not yet been won but she says the US economy is fundamentally solid. The fu...
From NPR News in Washington, I'm Craig Windham. Finance officials from the world's top industrialized nations are pledging to take whatever actions are necessary to revive global economic growth and to restore the flow of credit. They've also agreed...
From NPR News in Washington, I'm Barbara Klein. President Obama and his top economic advisors are trying to reassure Americans about the future as the nation waits for signs that economic stimulus measures are working. The president today said his a...
Disgraced New York money manager Bernard Madoff has pleaded guilty to all 11 criminal charges related to a massive Wall Street Ponzi scheme he had masterminded over the past two decades. NPR's Dina Temple-Raston reports from New York. Madoff told a...
President Barack Obama chose to sign in private today a 410-billion-dollar omnibus spending bill that keeps the federal government in business to September. Nearly 9,000 individual projects known as earmarks were included in the measure and the pres...
From NPR News in Washington, I'm Jack Speer. In a surprising development, the lawyer for disgraced money manager Bernard Madoff has told a federal judge he will plead guilty later this week to 11 charges that will result in a life sentence. NPR's Ma...
President Barack Obama today moved to officially lift the Bush administration's restrictions on human embryonic stem cell research. The move reverses a 2001 directive from Mr. Obama's predecessor in the White House. At a signing ceremony in the East...
White House Budget Director Peter Orszag says the US economy is fundamentally weak, but he says the stimulus plan enacted by Congress should be given time to kick in fully before any further stimulus measures are considered. You are starting to see...
President Obama is urging Americans to be patient and as positive as possible in the face of a seemingly endless succession of negative economic news. Mr. Obama says the nation will make it through the current crisis. This is a moment of challenge f...
The news that employer slashed another 651,000 jobs last month coupled with an unemployment rate that is now above 8% shows an economy firmly in the grip of recession. The unemployment rate which rose at 8. 1% in February is the highest it's been in...
From NPR News in Washington, I'm Jack Speer. President Barack Obama opened the administration conference on the nation's health care system today, saying for years federal officials have talked and tinkered around the edges of revamping health care....
The Obama administration today launched a new program to try to prevent home foreclosures. Economists say finding a better way to avoid foreclosures is critical as the nation slides deeper into recession. NPR's Chris Arnold reports. The efforts to p...
Federal Reserve Board Chairman Ben Bernanke says the US must take further steps to stabilize the banking system even though, he says, doing so will add to the federal deficit. NPR's Scott Horsley reports. Ben Bernanke told the Senate Budget Committe...
A rough start to the week for Wall Street: the Dow Jones Industrial Average fell to its lowest level in some 12 years today, dipping below 7,000. With the ongoing credit crisis and more taxpayer dollars going into AIG and Citibank, blue chip stocks...
From NPR News in Washington, I'm Carol Van Dam. A powerful winter storm is dumping snow on southern states including Alabama and Georgia, and is soon expected to blanket North Carolina before it turns northward. The system is expected to dump severa...
