US Economy
Articles on Economy of United States.
How National Debt Is Contributing to Public Disenchantment with Government
An article on the economic disheartening of American voters by Andrew Yarrow, author of the forthcoming book on America's deficit crisis, "Forgive us Our Debts"
When Do "We" Want a Trade Deficit?
Say the words "trade deficit" on the wrong corner in Washington, and you may just find yourself surrounded by unhappy men in grey suits. "Don’t make a stink about this," they’ll tell you. "You’re being un-American. We’ve always had a trade deficit, all the way back to the Revolutionary War!"
Corporate America is Ruining America
Remember the American Dream? The land of plenty, the land of opportunity, the land built by the blood, sweat, and tears of small businesses? That vision is fast disappearing in the rearview mirror.
US Property Foreclosures Up 65%
Wave of misery caused by America's sub-prime mortgage crisis engulfs more homeowners
US Slashes Deficit Estimate By $127bn As Tax Revenues Rise
The US government yesterday slashed its estimate of its 2006 budget deficit by $127bn (£69bn) due to much stronger than expected tax receipts from both businesses and individuals.
Junk Debt Puts Countrywide Rescue in Jeopardy
US' biggest mortgage lender suffers deterioration in stricken loan portfolio and downgrade in debt to junk status
Bank of America Profits Fall 77%
Credit crunch sees quarterly profits plunge after weak trading on Wall Street and in retail banking
Credit Crunch Causes Plunge in Bank of America Profits
Quarterly profits fall by 77% after weak trading on Wall Street and in retail banking
Interest Rates and the Credit Crunch
This article looks at the current problems of the credit crunch in the US.
US Recession? It's Hedge Fund Heaven
Alpha magazine list shows managers pocketing record amounts of personal wealth
The Twin Menaces of Inflation
The article talks about the looming risk of inflation and the energy issues the US is currently facing.
Fuel Prices Hurt Middle Class America
Our society is changing. The price of fuel had forced many Americans to change their way of living to adjust to the new economy. is there anything we con do to control the falling of the Middle class economy?
Current Issues with the Global Economy
This article looks through the different issues facing the global economy.
It's Not The Economy, Stupid, It's You
There is universal agreement that the US economy is currently in a mess. The American people are blaming it on the government, the war in Iraq and, in particular, the greedy banks who were so generous in handing out sub-prime mortgages – everyone but themselves.
Credit Crunch Woes Claim America's Fifth-biggest Bank
Credit crunch claims biggest victim yet when the US Federal Reserve orchestrated an emergency bail-out for Bear Stearns
Government to make Billions from the Mortgage Crisis
Uncle Sam is going to make billions of dollars as a result of the current mortgage crisis. They are raising taxes on 23 million workers and you may never hear about it.
US Job Numbers Support Recession Fears
World markets experienced another volatile day today, with oil prices hitting a record high and the dollar a record low as gloomy US jobs data prompted fears that the world's largest economy had finally tipped into recession. By Ashley Seager
Sinking Into Recession
Leader: 63,000 jobs were lost in America last month, the surest sign yet of an economic slowdown
A Shift Will Happen in the Future
No, it hasn't happened yet. But, the process has begun and it will continue as more and more employers of every possible description in America come to understand about the current and coming labor shortage in the United States.
Recession: Fact or Fiction ?
"The recession is coming, the recession is coming !" You've heard the cries haven't you ? Well we've got news for you...it's already here. Or at least that's what the media would have you believe. Whether it is technically true or not is irrelevant. The facts show that it's still a great time to be in business and to make money-one of the best environments in our history, to be exact.
Recession Risks: The Silver Lining
This article discusses some of the upsides to the recent US economic downturn.
Load It Up
Perhaps it is naïve of me to wonder why, at a time when the United States is heading towards a recession, their government is asking its citizens to spend more.
Subprime Woes: are we Out of the Woods Yet?
The White House, the Fed and bond insurance companies are all taking unprecedented action to minimize the subprime mortgage crisis. But is it enough? This article discusses the likelyhood that the US is headed towards recession with these factors in mind.
US Stocks Continue Falling Amid Growing Recession Fears
American stocks tumbled today as Wall Street's worries over an imminent recession were aggravated by a warning from Merrill Lynch that the subprime mortgage crisis is turning into a global "pandemic".
Black Monday: Recession Fears Spark Global Share Crash
FTSE suffers biggest fall since 2001 · Interest rate cuts predicted
It's The Economy, Stupid!
" The Economy, stupid" was a sign hung in Bill Clinton's campaign headquarters to keep everybody "on message" in 1992. It was originally meant as an internal motivator, but it soon became a famous centre point for Bill Clinton’s victory against George Bush Snr. At the time Bush was accused of neglecting the domestic economy as the US went through a recession from 1988 to 1992.
Fed to Emulate Boe By Issuing Quarterly Report on Economy
The US Federal Reserve yesterday announced sweeping changes to the way it communicates with investors and the markets, by moving to a Bank of England-style quarterly report of economic prospects
Is The Federal Interest Rate Cut Enough to Stabilize Sub prime Mortgage Woes?
This article discusses the potential outcomes from the impending Federal interest rate cut on the US economy.
In This Age of Diamond Saucepans, Only a Recession Makes Sense
George Monbiot: Economic growth is a political sedative, snuffing out protest as it drives inequality. It is time we gave it up.
United States Could Go Into Recession, Warns Oecd
West's leading thinktank urges Federal Reserve to cut interest rates as housing market crisis deepens.
Gloomy Greenspan Warns of Recession for Us Economy
Weak housing market puts brake on retail spending - New Fed chairman may be forced to cut interest rates
Signs of Recovery in Us Economy
Fears that the US economy is set to slump in 2007 were allayed yesterday by a rush of strong data from the manufacturing, housing and consumer sectors.
Fed Admits Us Recession on Cards
The United States faces almost a 40 per cent chance of slipping into recession in the next 12 months, according to the Federal Reserve's own market model.
US Trade Deficit Hits Record After Boeing Strike and Hurricanes
Record oil prices as a result of Hurricane Katrina and a strike at plane-maker Boeing sent America's trade deficit surging to an unprecedented $66.1bn (£37.8bn) in September, the US commerce department announced yesterday.
US Jobless Total Lowest for 4 Years
Unemployment in the United States has fallen to its lowest level in nearly four years, data showed yesterday, emphasising the underlying strength of its economy.
Gold Soars, Dollar Dips and Oil Slides in Post-election Turmoil
The post-election honeymoon for the US dollar proved short-lived yesterday as mounting fears over America's widening trade deficit sent the greenback to within a whisker of its all-time low against the euro. In a move that will cut the cost of US exports to the rest of the world and makes...
US Economy Boosted By Rise in Manufacturing Orders
Fears of a slowdown in the US economy today eased as factories reported a jump in orders for costly manufactured goods during July. The US commerce department said orders for durable goods - expensive items such as aircraft - rose by 1.7% in July from the previous month, the biggest gain...
Kerry Boost As Economy Hints at Slide
America's ailing economy has become central to the battle for the White House, amid growing signs that the country's recovery from recession is stuttering to a halt. The economy is now seen as a potentially winning issue for Democrat challenger John Kerry, who made it one of the key...
Spending Slowdown Hits Us Economy
The US economy lost pace in the second quarter amid a sharp slowdown in consumer spending, official figures showed today. For the April-June period, gross domestic product (GDP) rose at a modest 3% annual pace following an upwardly revised 4.5% rate at the start of the year, the Commerce...
The Real Threats to the Economy of the USA
The outcry about offshoring (outsourcing - the relocation of domestic jobs to more efficient and cheaper suppliers abroad) is politically motivated. Outsourcing affects the vocal, politically active, emblematic, and well-connected hi-tech industry in a year of presidential elections. No wonder it has become a campaign issue.
US Economy Grows Less Than Expected
The US economy grew at a robust rate in the first quarter, but less than anticipated by economists, figures showed today. For the first three months of 2002, gross domestic product (GDP), which measures total output, grew at a 4.2% annual rate, the US commerce department reported. While 0...
US Deficit Threatens Global Recovery
Washington received a double broadside over its ballooning government deficit yesterday when two of the world's leading economic thinktanks issued a blunt warning that urgent steps had to be taken to close the gap. President Bush's trillion dollar tax cuts, the costs of the "war on...
Opec Cut Puts Us Economy at Risk, Says White House
President Bush expressed alarm last night after oil cartel Opec threatened to undermine his chances of a second term in the White House by announcing a surprise cut in production from April. The price of crude jumped sharply on futures markets after Opec, at a meeting in Algiers, decided...
Surging Us Economy Leads Global Recovery
The US economy strengthened considerably in December, leading the global economic recovery and leaving Europe and Japan behind, the Organisation of Economic Cooperation and Development (OECD) said today. The upbeat assessment of the US economy from the OECD came just hours ahead of a...
US 'endangering World Economy'
The IMF last night warned that the gaping US budget deficit, ballooning trade imbalance and falling dollar were posing a serious threat to the health of the global economy.
Dollar Hits New Low Against Euro
The dollar today plunged to a new low against the euro as the US trade deficit swelled to $41.8bn (£23.9bn) in October and after an unexpectedly weak reading of consumer sentiment. The US trade gap widened as imports surged ahead of the Christmas shopping season, according to figures...
Dollar Sinks to New Low Amid Deficit Fears
The dollar today sank to record lows against the euro and three-year lows against the yen amid concern that the US will have trouble financing its huge trade deficit. The sharp fall in the greenback followed a US government report showing a steep drop in demand for US stocks and...
IMF warns trade gap could bring down dollar
The International Monetary Fund yesterday warned that the colossal United States trade deficit was a noose around the neck of the economy, emphasising that the once mighty dollar could collapse at any moment.
US Data Hit Bush's Hopes
Retail sales, consumer confidence, inflation - all lower than forecast. The United States economy stumbled again yesterday with the release of crucial retail sales, consumer confidence and inflation data that were uniformly worse than analysts had been expecting.
US heads for $1.9 trillion deficit as Iraq war costs $48bn
The Bush administration yesterday admitted the federal budget deficit this year would be 50% higher than previous forecasts as it emerged that the Iraq war had so far cost the Pentagon $48bn (£30bn).
Surprise dip in US retail sales triggers economy worries
US retail sales fell unexpectedly in April, official figures showed today, dashing hopes of a sustained rebound in consumer spending after the conflict in Iraq.
Sluggish growth for US economy
The US economy grew at a disappointingly weak rate of 1.6% in the first quarter as prewar anxieties hurt consumer and business confidence.
It's the Economy, Stupid
George Bush may have won the war but, if he does not attend to his country's faltering economy, he could lose the next election, writes Mark Tran.
Redundancies rise as US economy stalls
American companies shed 108,000 jobs in March as the US economy sputtered with the onset of war in Iraq, official figures showed today.
Bush Fiddles With Economy While Baghdad Burns
Could a faltering dollar and global rebellion against its values presage the decline, and eventual fall, of the American empire, asks Mark Tran.
Containing the United States
The United States is impelled by its economy and values to world dominion, claimed last week an analysis titled "American Empire Steps Up Fourth Expansion" in the communist party's mouthpiece People's Daily. Expansionism is an "eternal theme" in American history and a "main line" running through its foreign policy.
Bush heeds the lesson from his father - even in wartime, it's the economy, stupid
When the bombs started dropping in Baghdad in 1991, the sense of relief on Wall Street that the waiting was over was palpable. The next day, the Dow Jones index of leading shares climbed 5%.
Bush Appoints Rail Chief to Put Us Economy Back on Track
President George Bush sought yesterday to sharpen up his handling of the wobbly US economy by bringing in rail executive John Snow to head his treasury team. After forcing the resignation of his gaffe-prone treasury secretary, Paul O'Neill, and economic adviser, Larry Lindsey, last Friday...
Economy overshadows Iraq for US voters
Max Cleland, who is seeking re-election to the Senate, is not the sort of man used to having his courage questioned. The Georgia Democrat is a decorated war veteran who lost both legs and his right arm in Vietnam.
It's the economy, stupid
With George Bush directing all his energies towards foreign policy, the foundation of America's strength - its economy - is suffering, writes Mark Tran.
Fresh jolt to American economy
Latest productivity figures will undermine US 'miracle' and fuel fears of 'double-dip' recession. US figures for productivity will slide this week, suggesting a relapse of the world's biggest economy into a 'double dip' recession, and the possibility of further rate cuts from the US Federal Reserve.
US owns up to slowdown
The world's largest economy last year experienced a much deeper and longer recession than previously thought, the US government disclosed last night, as it unveiled figures showing a sharp slowdown in the pace of growth this year.
Greenspan Insists Us Economy is Strong
Alan Greenspan, chairman of America's central bank, moved last night to soothe nerves in the world's jittery stock markets.
Bush vows to stop fraud wrecking economy
President Bush again vowed yesterday that high-level fraud will not be allowed to tarnish America's free enterprise system. Sensing that the corporate scandals enveloping Wall Street could send the US economy back into recession - seriously damaging both his presidency and Republican hopes for the mid-term elections in November.
US Dashes Hopes for Climate Deal
It is wishful thinking to believe that the United States will "trash its economy" in order to take action on climate change and there is no chance of the Bush administration reconsidering its position on the Kyoto protocol, America's senior climate negotiator has said. Harlan Watson told...
Wave of misery caused by America's sub-prime mortgage crisis engulfs more homeowners
US Slashes Deficit Estimate By $127bn As Tax Revenues Rise
The US government yesterday slashed its estimate of its 2006 budget deficit by $127bn (£69bn) due to much stronger than expected tax receipts from both businesses and individuals.
Junk Debt Puts Countrywide Rescue in Jeopardy
US' biggest mortgage lender suffers deterioration in stricken loan portfolio and downgrade in debt to junk status
Bank of America Profits Fall 77%
Credit crunch sees quarterly profits plunge after weak trading on Wall Street and in retail banking
Credit Crunch Causes Plunge in Bank of America Profits
Quarterly profits fall by 77% after weak trading on Wall Street and in retail banking
Interest Rates and the Credit Crunch
This article looks at the current problems of the credit crunch in the US.
US Recession? It's Hedge Fund Heaven
Alpha magazine list shows managers pocketing record amounts of personal wealth
The Twin Menaces of Inflation
The article talks about the looming risk of inflation and the energy issues the US is currently facing.
Fuel Prices Hurt Middle Class America
Our society is changing. The price of fuel had forced many Americans to change their way of living to adjust to the new economy. is there anything we con do to control the falling of the Middle class economy?
Current Issues with the Global Economy
This article looks through the different issues facing the global economy.
It's Not The Economy, Stupid, It's You
There is universal agreement that the US economy is currently in a mess. The American people are blaming it on the government, the war in Iraq and, in particular, the greedy banks who were so generous in handing out sub-prime mortgages – everyone but themselves.
Credit Crunch Woes Claim America's Fifth-biggest Bank
Credit crunch claims biggest victim yet when the US Federal Reserve orchestrated an emergency bail-out for Bear Stearns
Government to make Billions from the Mortgage Crisis
Uncle Sam is going to make billions of dollars as a result of the current mortgage crisis. They are raising taxes on 23 million workers and you may never hear about it.
US Job Numbers Support Recession Fears
World markets experienced another volatile day today, with oil prices hitting a record high and the dollar a record low as gloomy US jobs data prompted fears that the world's largest economy had finally tipped into recession. By Ashley Seager
Sinking Into Recession
Leader: 63,000 jobs were lost in America last month, the surest sign yet of an economic slowdown
A Shift Will Happen in the Future
No, it hasn't happened yet. But, the process has begun and it will continue as more and more employers of every possible description in America come to understand about the current and coming labor shortage in the United States.
Recession: Fact or Fiction ?
"The recession is coming, the recession is coming !" You've heard the cries haven't you ? Well we've got news for you...it's already here. Or at least that's what the media would have you believe. Whether it is technically true or not is irrelevant. The facts show that it's still a great time to be in business and to make money-one of the best environments in our history, to be exact.
Recession Risks: The Silver Lining
This article discusses some of the upsides to the recent US economic downturn.
Load It Up
Perhaps it is naïve of me to wonder why, at a time when the United States is heading towards a recession, their government is asking its citizens to spend more.
Subprime Woes: are we Out of the Woods Yet?
The White House, the Fed and bond insurance companies are all taking unprecedented action to minimize the subprime mortgage crisis. But is it enough? This article discusses the likelyhood that the US is headed towards recession with these factors in mind.
US Stocks Continue Falling Amid Growing Recession Fears
American stocks tumbled today as Wall Street's worries over an imminent recession were aggravated by a warning from Merrill Lynch that the subprime mortgage crisis is turning into a global "pandemic".
Black Monday: Recession Fears Spark Global Share Crash
FTSE suffers biggest fall since 2001 · Interest rate cuts predicted
It's The Economy, Stupid!
" The Economy, stupid" was a sign hung in Bill Clinton's campaign headquarters to keep everybody "on message" in 1992. It was originally meant as an internal motivator, but it soon became a famous centre point for Bill Clinton’s victory against George Bush Snr. At the time Bush was accused of neglecting the domestic economy as the US went through a recession from 1988 to 1992.
Fed to Emulate Boe By Issuing Quarterly Report on Economy
The US Federal Reserve yesterday announced sweeping changes to the way it communicates with investors and the markets, by moving to a Bank of England-style quarterly report of economic prospects
Is The Federal Interest Rate Cut Enough to Stabilize Sub prime Mortgage Woes?
This article discusses the potential outcomes from the impending Federal interest rate cut on the US economy.
In This Age of Diamond Saucepans, Only a Recession Makes Sense
George Monbiot: Economic growth is a political sedative, snuffing out protest as it drives inequality. It is time we gave it up.
United States Could Go Into Recession, Warns Oecd
West's leading thinktank urges Federal Reserve to cut interest rates as housing market crisis deepens.
Gloomy Greenspan Warns of Recession for Us Economy
Weak housing market puts brake on retail spending - New Fed chairman may be forced to cut interest rates
Signs of Recovery in Us Economy
Fears that the US economy is set to slump in 2007 were allayed yesterday by a rush of strong data from the manufacturing, housing and consumer sectors.
Fed Admits Us Recession on Cards
The United States faces almost a 40 per cent chance of slipping into recession in the next 12 months, according to the Federal Reserve's own market model.
US Trade Deficit Hits Record After Boeing Strike and Hurricanes
Record oil prices as a result of Hurricane Katrina and a strike at plane-maker Boeing sent America's trade deficit surging to an unprecedented $66.1bn (£37.8bn) in September, the US commerce department announced yesterday.
US Jobless Total Lowest for 4 Years
Unemployment in the United States has fallen to its lowest level in nearly four years, data showed yesterday, emphasising the underlying strength of its economy.
Gold Soars, Dollar Dips and Oil Slides in Post-election Turmoil
The post-election honeymoon for the US dollar proved short-lived yesterday as mounting fears over America's widening trade deficit sent the greenback to within a whisker of its all-time low against the euro. In a move that will cut the cost of US exports to the rest of the world and makes...
US Economy Boosted By Rise in Manufacturing Orders
Fears of a slowdown in the US economy today eased as factories reported a jump in orders for costly manufactured goods during July. The US commerce department said orders for durable goods - expensive items such as aircraft - rose by 1.7% in July from the previous month, the biggest gain...
Kerry Boost As Economy Hints at Slide
America's ailing economy has become central to the battle for the White House, amid growing signs that the country's recovery from recession is stuttering to a halt. The economy is now seen as a potentially winning issue for Democrat challenger John Kerry, who made it one of the key...
Spending Slowdown Hits Us Economy
The US economy lost pace in the second quarter amid a sharp slowdown in consumer spending, official figures showed today. For the April-June period, gross domestic product (GDP) rose at a modest 3% annual pace following an upwardly revised 4.5% rate at the start of the year, the Commerce...
The Real Threats to the Economy of the USA
The outcry about offshoring (outsourcing - the relocation of domestic jobs to more efficient and cheaper suppliers abroad) is politically motivated. Outsourcing affects the vocal, politically active, emblematic, and well-connected hi-tech industry in a year of presidential elections. No wonder it has become a campaign issue.
US Economy Grows Less Than Expected
The US economy grew at a robust rate in the first quarter, but less than anticipated by economists, figures showed today. For the first three months of 2002, gross domestic product (GDP), which measures total output, grew at a 4.2% annual rate, the US commerce department reported. While 0...
US Deficit Threatens Global Recovery
Washington received a double broadside over its ballooning government deficit yesterday when two of the world's leading economic thinktanks issued a blunt warning that urgent steps had to be taken to close the gap. President Bush's trillion dollar tax cuts, the costs of the "war on...
Opec Cut Puts Us Economy at Risk, Says White House
President Bush expressed alarm last night after oil cartel Opec threatened to undermine his chances of a second term in the White House by announcing a surprise cut in production from April. The price of crude jumped sharply on futures markets after Opec, at a meeting in Algiers, decided...
Surging Us Economy Leads Global Recovery
The US economy strengthened considerably in December, leading the global economic recovery and leaving Europe and Japan behind, the Organisation of Economic Cooperation and Development (OECD) said today. The upbeat assessment of the US economy from the OECD came just hours ahead of a...
US 'endangering World Economy'
The IMF last night warned that the gaping US budget deficit, ballooning trade imbalance and falling dollar were posing a serious threat to the health of the global economy.
Dollar Hits New Low Against Euro
The dollar today plunged to a new low against the euro as the US trade deficit swelled to $41.8bn (£23.9bn) in October and after an unexpectedly weak reading of consumer sentiment. The US trade gap widened as imports surged ahead of the Christmas shopping season, according to figures...
Dollar Sinks to New Low Amid Deficit Fears
The dollar today sank to record lows against the euro and three-year lows against the yen amid concern that the US will have trouble financing its huge trade deficit. The sharp fall in the greenback followed a US government report showing a steep drop in demand for US stocks and...
IMF warns trade gap could bring down dollar
The International Monetary Fund yesterday warned that the colossal United States trade deficit was a noose around the neck of the economy, emphasising that the once mighty dollar could collapse at any moment.
US Data Hit Bush's Hopes
Retail sales, consumer confidence, inflation - all lower than forecast. The United States economy stumbled again yesterday with the release of crucial retail sales, consumer confidence and inflation data that were uniformly worse than analysts had been expecting.
US heads for $1.9 trillion deficit as Iraq war costs $48bn
The Bush administration yesterday admitted the federal budget deficit this year would be 50% higher than previous forecasts as it emerged that the Iraq war had so far cost the Pentagon $48bn (£30bn).
Surprise dip in US retail sales triggers economy worries
US retail sales fell unexpectedly in April, official figures showed today, dashing hopes of a sustained rebound in consumer spending after the conflict in Iraq.
Sluggish growth for US economy
The US economy grew at a disappointingly weak rate of 1.6% in the first quarter as prewar anxieties hurt consumer and business confidence.
It's the Economy, Stupid
George Bush may have won the war but, if he does not attend to his country's faltering economy, he could lose the next election, writes Mark Tran.
Redundancies rise as US economy stalls
American companies shed 108,000 jobs in March as the US economy sputtered with the onset of war in Iraq, official figures showed today.
Bush Fiddles With Economy While Baghdad Burns
Could a faltering dollar and global rebellion against its values presage the decline, and eventual fall, of the American empire, asks Mark Tran.
Containing the United States
The United States is impelled by its economy and values to world dominion, claimed last week an analysis titled "American Empire Steps Up Fourth Expansion" in the communist party's mouthpiece People's Daily. Expansionism is an "eternal theme" in American history and a "main line" running through its foreign policy.
Bush heeds the lesson from his father - even in wartime, it's the economy, stupid
When the bombs started dropping in Baghdad in 1991, the sense of relief on Wall Street that the waiting was over was palpable. The next day, the Dow Jones index of leading shares climbed 5%.
Bush Appoints Rail Chief to Put Us Economy Back on Track
President George Bush sought yesterday to sharpen up his handling of the wobbly US economy by bringing in rail executive John Snow to head his treasury team. After forcing the resignation of his gaffe-prone treasury secretary, Paul O'Neill, and economic adviser, Larry Lindsey, last Friday...
Economy overshadows Iraq for US voters
Max Cleland, who is seeking re-election to the Senate, is not the sort of man used to having his courage questioned. The Georgia Democrat is a decorated war veteran who lost both legs and his right arm in Vietnam.
It's the economy, stupid
With George Bush directing all his energies towards foreign policy, the foundation of America's strength - its economy - is suffering, writes Mark Tran.
Fresh jolt to American economy
Latest productivity figures will undermine US 'miracle' and fuel fears of 'double-dip' recession. US figures for productivity will slide this week, suggesting a relapse of the world's biggest economy into a 'double dip' recession, and the possibility of further rate cuts from the US Federal Reserve.
US owns up to slowdown
The world's largest economy last year experienced a much deeper and longer recession than previously thought, the US government disclosed last night, as it unveiled figures showing a sharp slowdown in the pace of growth this year.
Greenspan Insists Us Economy is Strong
Alan Greenspan, chairman of America's central bank, moved last night to soothe nerves in the world's jittery stock markets.
Bush vows to stop fraud wrecking economy
President Bush again vowed yesterday that high-level fraud will not be allowed to tarnish America's free enterprise system. Sensing that the corporate scandals enveloping Wall Street could send the US economy back into recession - seriously damaging both his presidency and Republican hopes for the mid-term elections in November.
US Dashes Hopes for Climate Deal
It is wishful thinking to believe that the United States will "trash its economy" in order to take action on climate change and there is no chance of the Bush administration reconsidering its position on the Kyoto protocol, America's senior climate negotiator has said. Harlan Watson told...