21
votes
submitted by chiasma 33 months ago, from news.yahoo.com
A top al-Qaida suspect held at Guantanamo Bay will be sent to New York for trial, an Obama administration official said Wednesday, a major step in President Barack Obama's plan to close the detention center by early next year. Ahmed Ghailani would be the first Guantanamo detainee brought to the... More
13
votes
submitted by riverdrops 33 months ago, from news.yahoo.com
Bank of America Corp has been deemed to need as much as $34 billion in additional capital, according to the results of a government stress test, a source familiar with the results told Reuters late on Tuesday. More
17
votes
submitted by bafficio 34 months ago, from news.yahoo.com
The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount. More
14
votes
submitted by grandie4 34 months ago, from news.yahoo.com
Courting Europe with an American-style campaign, President Barack Obama on Friday talked up his plans — popular here — to eliminate nuclear weapons, close the Guantanamo Bay prison and tackle global warming. More
21
votes
submitted by riverdrops 34 months ago, from news.yahoo.com
The Obama administration was finishing work on a plan to give more financial aid to two Detroit automakers in return for tough cost-cutting measures that will ensure the companies' survival. President Barack Obama's auto industry task force was expected to offer additional aid to General Motors... More
14
votes
submitted by grandie4 36 months ago, from news.yahoo.com
Iraqis passed through security checkpoints and razor-wire cordons to vote Saturday in provincial elections that are considered a crucial test of the nation's stability as U.S. officials consider the pace of troop withdrawals. Polls opened shortly after dawn after a step-by-step security clampdown... More
21
votes
submitted by bafficio 36 months ago, from news.yahoo.com
In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increases and tax cuts at the heart of the young administration's plan to revive a badly ailing economy. The vote was 244-188, with... More
13
votes
submitted by rodeox 37 months ago, from news.yahoo.com
On the eve of his inauguration, President-elect Barack Obama talked with wounded troops at a military hospital and then visited an emergency shelter for homeless teens, grabbing a paint roller to help give the walls a fresh coat of blue. He said there can't be any "idle hands" at a time of... More
14
votes
submitted by grandie4 37 months ago, from news.yahoo.com
Barack Obama and his congressional allies are gambling that the largest public spending program since World War II and a new round of tax cuts will pry the economy from the recession's iron grip and avert another Depression. But what if they're wrong? More
14
votes
submitted by riverdrops 37 months ago, from news.yahoo.com
Israeli Defense Minister Ehud Barak says the campaign against Gaza's Hamas rulers "won't be short" or easy. He spoke shortly after Israeli tanks and infantry rolled into Gaza after nightfall, launching a ground invasion that escalated the week-old offensive against the Islamic militants. More
20
votes
submitted by chiasma 37 months ago, from news.yahoo.com
An Israeli warplane dropped a 2,000-pound bomb on the home of one of Hamas' top five decision-makers Thursday, instantly killing him and 18 others, while the Israeli army said troops massed on the Gaza border were ready for any order to invade. The airstrike on Nizar Rayan was the first that... More
18
votes
submitted by grandie4 37 months ago, from news.yahoo.com
A top adviser to President-elect Barack Obama said Sunday that the country's slowing economy won't keep the new administration from fulfilling its plans for a middle-class tax cut. "We feel it's important that middle-class people get some relief now," Obama adviser David Axelrod said. More
13
votes
submitted by bafficio 38 months ago, from news.yahoo.com
Several reports due Wednesday are expected to provide more evidence that consumers are cutting back on spending and companies are eliminating jobs in the face of a deepening recession. The new figures will come a day after the government said the gross domestic product, the broadest measure of the.. More
15
votes
submitted by eooties 38 months ago, from news.yahoo.com
A surprised Wall Street bolted higher Tuesday after the Federal Reserve's historic decision to further slash interest rates and pledge broad support to revive the troubled economy. The Dow Jones industrials surged 360 points, or 4.2 percent, and broader indexes jumped more than 5 percent after the.. More
16
votes
submitted by rodeox 38 months ago, from news.yahoo.com
With Congress gridlocked and the economy floundering, the Bush administration declared Friday it would step in to prevent the "precipitous collapse" of the U.S. auto industry and the disastrous loss of hundreds of thousands of jobs sure to follow. A day after the sudden demise of rescue... More
