Democratic Congressional leaders and White House officials have been conferring again today as they work out final details of a plan to offer emergency short-term federal loans to struggling US automakers. Democratic Senator Carl Lewin of Michigan s...
President-elect Barack Obama says his administration will undertake the largest public works program since the building of the interstate highway system back in the 1950s. The goal is to create millions of new jobs and bolster the sagging U.S. econo...
The news the economy lost more than half a million jobs last month, the worst one-month drop in 34 years from many economists, confirms the current recession could be longer and deeper than first thought. The government also revised downwards to the...
The CEOs of the Big Three domestic automakers were back on Capitol Hill today, pushing for a financial aid package. The Chairman of the Senate Banking Committee indicated he is favoring a federal bailout for Detroit's Big Three. NPR's Giles Snyder r...
President-elect Barack Obama says he is glad to see the Big Three automakers put forward more serious plans for restructuring, though he says he will withhold judgment on those plans until after auto executives appear at Congressional hearings. NPR'...
President-elect Barack Obama told state governors today upon his swearing-in he will be willing to help them come up with ways to create jobs and deal with declining revenues. At a meeting of the National Governors Association in Philadelphia, Mr. O...
President-elect Barack Obama has named his top national security team, Senator Hilary Clinton as Secretary of State, Robert Gates, the current Secretary of Defense to stay on and retired Marine General James Jones as National Security Advisor. NPR P...
The names have already been leaked, but President-elect Barack Obama is set to announce formally his choices for more than a third of the cabinet as well as his national security team. Senator Hilary Clinton is expected to be nominated as secretary...
Officials in India say they believe just ten gunmen managed to carry out the siege of Mumbai, a city of 18 million people, a showdown that left nearly 200 people dead including at least five Americans. Investigators are trying to determine how that...
Indian commandos are reportedly still trying to root out terrorists from their last holdout in Mumbai. Gunfire and explosions have been rocking the landmark Taj Mahal Hotel. The death toll over the past three days is now some 150 but estimates vary....
