1. Iran's supreme leader is dismissing overtures from President Barack Obama. Ayatollah Ali Khamenei says even though Obama congratulated Iranians on the Persian new year, US policy toward Iran hasn't changed. Obama has offered to ease relations if...
1.The latest congressional estimates say President Barack Obama's budget will likely generate deficits averaging almost one trillion a year over the next decade. That's a lot worse than the White House had predicted just last month. 2.A huge crowd w...
1. At least nine deaths are being blamed on a storm that's drenching the nations midsection. Hundreds are fleeing their homes and roads are flooded after as much as ten inches of rain fell in some regions. Flood and flash flood warnings are in effec...
1.The Federal Reserve says its opening a new front in its battle to lift the country out of recession. It announced today that it will buy up to 300 billion dollars in long term Treasury securities over the next six months. 2.The head of financially...
1.President Barack Obama and his economic team are taking a cheerier tone on the economy while making about ten billion dollars in federal loans available to struggling small businesses. The White House economic team hopes to build confidence in the...
1. The president's chief economic adviser calls the tens of millions of dollars in new bonuses paid out by AIG outrageous. Larry Summers says these kinds of bonus payments should be a matter of future regulations. AIG has gotten more than 170 billio...