BEIJING (Reuters) - The United States should alter policy to take account of China's role as a major player on the world stage if it wants to avoid friction and instability, a major state newspaper said on Thursday. The commentary in ruling Communist Party mouthpiece the People's Daily followed ...More
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner will convene a meeting Thursday with the top financial regulators to begin launching the Consumer Financial Protection Bureau. The new bureau was created by the financial regulatory overhaul legislation that President Barack Obama signed into law last week. It will regulate consumer financial products ...More
NEW YORK (Reuters) - New York Governor David Paterson's intervention in a domestic violence case involving a top aide showed errors in judgment but he will not face charges, according to a special counsel report released on Wednesday. The findings by an independent counsel looked into allegations that Paterson and ...More
WASHINGTON (Reuters) - Republicans and some moderate Democrats in the Senate on Wednesday began picking apart a new energy bill that they complained goes too far in holding oil companies responsible for accidents like the massive Gulf of Mexico spill. "I think people who are very serious about responding to the ...More
SAN FRANCISCO (Reuters) - California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall. The deficit is 22 percent of ...More
WASHINGTON (Reuters) - With memories of last year's bitter town hall meetings still fresh, Democrats vowed on Wednesday to go on the offense during the August congressional recess and aggressively link Republicans with the conservative Tea Party movement. Democratic leaders said the Republican Party had moved out of the mainstream ...More
WASHINGTON (Reuters) - U.S. Vice President Joe Biden on Wednesday urged Iraq's politicians, still unable to agree on a new government, to "get on with the business of governing" as U.S. troops prepare to end their combat mission. Despite the deadlock in Baghdad, the U.S. military has ...More
WASHINGTON (Reuters) - Lawmakers moved closer on Wednesday to creating a commission to find ways to cut the huge trade deficit with China and other countries, while also pushing a strategy to promote U.S. manufacturing. The House of Representatives passed the bill on the commission as part of a "Make ...More
