WASHINGTON (Reuters) - U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month.
Obama, who earlier signed ...Read More
Nov. 5 (Bloomberg) -- Toyota Motor Corp., the world’slargest carmaker, narrowed its full-year net loss forecast for asecond time after government stimulus measures revived vehicledemand in the U.S. and Asia.
The company expects a net loss of 200 billion yen ($2.2billion) ...Read More
SANTA FE, N.M.—Gov. Bill Richardson predicted that New Mexicans will face higher taxes next year to deal with the state's continuing budget problems. "It's inevitable," Richardson said Monday at a news conference. "It's very painful." The Democratic governor has opposed tax increases, ...Read More
The White House on Friday embraced reports showing that the $159 billion in grants and loans made so far under the economic stimulus package has created or saved about 640,000 jobs, even as Republicans and government watchdogs questioned the reliability ...Read More
Reports to be released Friday on the government Web site Recovery.gov are expected to show that the $150 billion in grants and loans made so far under the economic stimulus package have created or saved about 650,000 jobs, White House ...Read More
WASHINGTON -More than 650,000 jobs have been saved or created under President Barack Obama's economic stimulus plan, the White House said Friday, saying it is on track to reach the president's goal of 3.5 million jobs by the end of ...Read More
BERLIN, Oct. 26 (Xinhua) -- German Chancellor Angela Merkel's party, the Christian Democratic Union (CDU), on Monday approved the policy platform of the new coalition government for the next four years. CDU delegates from across Germany held a convention in Berlin ...Read More
Oct. 26 (Bloomberg) -- Chancellor Angela Merkel said thatspending is necessary to pull Germany out of its worst recessionin modern history, justifying her government’s focus on tax cutsto generate economic growth. Merkel, in a speech to a convention of her ChristianDemocratic ...Read More
Oct. 26 (Bloomberg) -- German Chancellor Angela Merkel’sFinance Minister-designate Wolfgang Schaeuble said there’s noway he’ll balance the budget in four years as he enacts 24billions euros ($36 billion) of tax cuts to spur growth. With Germany, the world’s biggest exporter, struggling ...Read More
BERLIN, Oct 25 (Reuters) - New German finance ministerWolfgang Schaeuble said on Sunday the incoming government ofChancellor Angela Merkel would work hard to enable income taxcuts planned for 2011, but they could not be guaranteed. "You can rely on the fact ...Read More
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