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By Michael Bowman Washington 17 March 2008 The U.S. government is using all tools at its disposal to stem a deepening financial crisis and reassure markets after one of America's largest investment banks was bought out to rescue it from the brink of
The U.S. presidential race between Democrat Barack Obama and Republican John McCain remained focused on the economy Monday, following congressional rejection of a bailout plan for the U.S. financial system. VOA National Correspondent Jim Malone repo
As leaders of leading developing and advanced economies prepare to meet in Washington November 15 to discuss weakening conditions in the global economy, there is an expectation that they will endorse increased government spending to maintain economi
Leaders from 20 industrial and developing countries are in Washington for an emergency summit to deal with the global financial crisis that has dramatically slowed world growth. VOA's Barry Wood has more. President Bush (right) greets UN Secretary G
French President Nicolas Sarkozy and European Commission chief Jose Manuel Barroso meet Saturday with President Bush in a bid for a global overhaul of the world's financial structure. From Paris, Lisa Bryant reports that Washington may be less enthu
U.S. President George Bush says he will host a summit of nations soon to address the global economic crisis. Mr. Bush made the announcement as he greeted French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso Saturday
French President Nicolas Sarkozy called Tuesday for heads of states to begin preparing for a series of economic summits to revamp the world economic system. From Paris, Lisa Bryant reports on the president's remarks before the European Parliament. F
Asian and European leaders are arriving in Beijing to discuss ways to deal with the global financial crisis. Europe wants support from China and other Asian giants on the crisis, as well as on climate change and sustainable development. Daniel Schea
Economic experts appearing at a congressional hearing have urged lawmakers to carry out substantial but carefully planned financial market and institutional reforms. A House of Representatives committee held an all-day hearing Tuesday on the subject
A congressional overseer of the U.S. government's efforts to rescue the financial system said a massive infusion of federal funds intended to ease a severe credit crunch has only partially succeeded, with many ailing banks using the money to survive
In his strongest comments yet, Federal Reserve Board Chairman Ben Bernanke says strengthened regulation of financial markets is required to stem excessive risk taking. Federal Reserve Chairman Ben Bernanke speaks at the Council on Foreign Relations
Global Financial Leaders Ponder Jobs, Growth and Politics Many Europeans have been angered by government efforts to slash pensions and salaries, while raising taxes in an effort to balance battered budgets. Public anger is one of many things limiting
By Kent Klein White House 21 October 2009 President Barack Obama speaks at Metropolitan Archives facility, in Landover, Maryland, 21 Oct 2009 U.S. President Barack Obama is announcing plans to make more credit available to America's small businesses
European Recession Now Longer Than 2008 Financial Crisis Of the 17 nations that make up the common currency bloc - nine countries are now in recession. While not as steep as the recession that came after the 2008 financial crisis - Commerzbank chief
MARY LOUISE KELLY, HOST: Elizabeth Warren and other Senate Democrats fired tough questions today at President Trump's nominee to run the Consumer Financial Protection Bureau. Financial industry groups and Republicans are backing Kathy Kraninger's nom
Both major U.S. presidential candidates are sounding a rare note of agreement as they urge Congress to act quickly on a plan to rescue the weakened U.S. financial sector. The latest on how the economic turmoil is impacting presidential politics from
President Bush has praised what he calls bold bipartisan action by the U.S. Congress in approving a measure aimed at rescuing U.S. financial markets. The House of Representatives Friday approved a Senate-passed version of the financial rescue legisl
European leaders met in Paris Sunday to forge a coordinated effort for confronting the global financial crisis. VOA's Michael Bowman reports from Washington, the gathering was the latest multi-national effort to contain fallout from a credit crunch
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
By Mil Arcega Washington 30 September 2009 Robert Zoellick World Bank president Robert Zoellick says the U.S. dollar's role as the world's reserve currency may be diminishing as a result of the financial crisis. Although he says the dollar will rema