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Updated: 12 years 25 weeks ago

China says lessons learned from U.S. economic woes

Wed, 2024-11-27 00:30
ANNAPOLIS, Maryland (Reuters) - U.S. and Chinese officials agreed on Tuesday that turbulence sweeping global markets holds lessons for Beijing, but the United States warned it should not cause China to block access to its markets.

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Obama: Boosting economy best way to aid dollar

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - White House hopeful Barack Obama said on Tuesday the weakness in the U.S. dollar reflects the soft economy and large trade deficits, and the best way to strengthen the currency is to restore the economy's health.

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Senate blocks debate of clean energy tax credits

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - The U.S. Senate on Tuesday blocked debate of a bill to offer about $17.7 billion in tax incentives for consumers to build renewable energy sources like windmills and solar arrays, and buy plug-in cars that run on electricity rather than gasoline.

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U.S. and South Korea press on with beef trade talks

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - U.S. and South Korean trade officials pressed ahead on Tuesday with negotiations that Seoul hopes will result in new limits to a recent deal to reopen South Korea's market to U.S. beef exports.

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U.S. and Lithuania in shield talks: Polish negotiator

Wed, 2024-11-27 00:30
WARSAW (Reuters) - The United States is talking with Lithuania about possibly installing part of a planned missile shield there if negotiations with Poland do not succeed, Warsaw's chief negotiator on missile defense said on Tuesday.

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Court sets aside conviction in lobbying scandal

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - A U.S. appeals court on Tuesday set aside a former Bush administration official's conviction for lying and obstructing justice over his links to disgraced lobbyist Jack Abramoff, and ordered a new trial.

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U.S. envoy to visit Japan, China for N.Korea talks

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - U.S. Assistant Secretary of State Christopher Hill will visit Japan and China this week for talks with officials from their governments and South Korea on curtailing North Korea's nuclear weapons plans, the State Department said on Tuesday.

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Senate nears vote on housing market rescue bill

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - The U.S. Senate was expected to vote as soon as Tuesday on a housing market rescue bill to refinance distressed mortgages and create a new regulator for Fannie Mae and Freddie Mac, sources close to Senate talks said.

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McCain pushes energy conservation, oil exploration

Wed, 2024-11-27 00:30
HOUSTON (Reuters) - Republican presidential candidate John McCain called on Tuesday for energy conservation and an end to a ban on U.S. oil and natural gas exploration to help curb the nation's "dangerous" dependence on foreign oil.

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McCain would pursue strong dollar policy

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - Republican candidate John McCain would pursue a strong U.S. dollar policy as president and would be prepared to consider the "strong medicine" of intervention if circumstances demanded, his top economic adviser Carly Fiorina told Reuters on Monday.

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Al Gore backs Obama, says U.S. needs new vision

Wed, 2024-11-27 00:30
DETROIT (Reuters) - Former Vice President Al Gore pledged on Monday to do all he could to help Barack Obama win the White House, saying it was crucial the United States has not only a new leader but a new vision for its future.

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Obama says would consider corporate tax cut: report

Wed, 2024-11-27 00:30
NEW YORK (Reuters) - Democrat Barack Obama said he would consider trimming corporate tax rates as part of a simplification of the tax code if he is elected to the White House, the Wall Street Journal reported on Tuesday.

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Obama holding on to small lead over McCain: poll

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - Democratic presidential hopeful Barack Obama opens the general election campaign with a narrow lead over Republican John McCain but the two score near even among independent voters, The Washington Post reported on Tuesday.

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U.S., South Korea switch course, restart beef talks

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - U.S. and South Korean negotiators resumed talks on Monday on a deal to resume U.S. beef exports, which has triggered furor among South Koreans, just hours after officials announced discussions had ended without a resolution.

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Obama says will visit Iraq and Afghanistan

Wed, 2024-11-27 00:30
DETROIT (Reuters) - Democratic presidential candidate Barack Obama said on Monday he plans to visit Iraq and Afghanistan before November's election and was encouraged by a recent reduction in violence in Iraq.

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U.S. asks envoy to Bolivia to come home to consult

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - The United States has asked its envoy to Bolivia to return home after violent protests a week ago at the U.S. Embassy in La Paz, and warned Bolivia to meet its obligations to protect diplomats, the State Department said on Monday.

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Democrats to back down on Iraq war conditions

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - Democrats in the Congress, who came to power last year on a call to end the combat in Iraq, will soon give President George W. Bush the last war-funding bill of his presidency without any of the conditions they sought for withdrawing U.S. troops, congressional aides said on Monday.

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Massachusetts to spend $1 billion on biotechnology

Wed, 2024-11-27 00:30
BOSTON (Reuters) - Massachusetts Gov. Deval Patrick signed a bill on Monday that will direct $1 billion of state funds toward biotechnology over 10 years, aiming to fill a federal funding shortfall caused by White House opposition to embryonic stem cell research.

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Bernanke: Rising health costs pose economic risk

Wed, 2024-11-27 00:30
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Monday that rising U.S. government spending on health care risks triggering runaway budget deficits that could put economic stability in danger.

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Obama says encouraged by drop in violence in Iraq

Wed, 2024-11-27 00:30
FLINT, Michigan (Reuters) - U.S. presidential candidate Barack Obama said on Monday he was encouraged by a reduction in violence in Iraq but underlined his support for a pullout of U.S. troops.

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