Clinton Pledges Early Action On Free Trade Agreements Secretary of State Hillary Clinton says the Obama administration will soon send the U.S. Congress implementing legislation for free-trade agreements with Panama, Colombia and South Korea. Action o...
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Democrats are calling for speedy passage of an economic stimulus bill as the U.S. economy continues to shrink and shed jobs. Yet many Republicans say they will not support the legislation, despite efforts by a few moderate Republicans to hammer out...
President-elect Barack Obama says Washington must take dramatic action to combat the current economic recession. Mr. Obama, just days before his inauguration next Tuesday, says businesses like those producing alternative energy can play a major role...
Despite a call by the U.N. Security Council for a truce in the troubled region, the violence from both sides continues. Gordon Brown, (file photo) On a visit to Birmingham, British Prime Minister Gordon Brown said the window of opportunity to put a...
Central bank chairman Ben Bernanke said Thursday that the U.S. home mortgage market is still not functioning properly and more needs to be done to promote a recovery. Ben Bernanke (file photo) Bernanke spoke at housing conference held at the Federal...
U.S. President George Bush says America's economy is facing a pivotal moment in a financial crisis that began with risky home mortgages now spreading throughout the financial system and eroding consumer confidence. VOA White House Correspondent Scot...
Finance ministers and central bank governors from seven major industrial economies met Friday in Washington and agreed on a five-point plan to stabilize global financial markets that this week experienced their biggest declines in 30 years. VOA's Ba...
The head of the European Commission, Jos Manuel Barroso has called for swift action by U.S. lawmakers on a massive government rescue plan for failing financial institutions and he urged a global response to the financial crisis that has spread from...
This is IN THE NEWS in VOA Special English. In recent weeks, the United States government has dealt with struggling financial companies on a case-by-case basis. Now government and congressional leaders are discussing a plan, and they say there is no...