Congress woman on the platform of Democrat party has criticized President Obama on job situation in the country. The law maker advised the president to go down to the state and local levels to see the pains and sufferings the people are going through as a result of job situation in the country. The congress [...]

The United States is failing to break through its debt deadlock. The US Federal Reserve is now gearing up to provide new guidelines to American banks to save themselves through resurging recession.In case the country fails to revamp its borrowing capacity, all the banks would face hard time to survive through tough waters. Fed spokeswoman [...]

The banking sector in the United States of America has been given account of their financial position for the first quarter of 2011. This hint was dropped by the federal Insurance Deposit Corporation. It reported that the first quarter of this year marked a new beginning in the banking sector as the banks reported the [...]

Job situation in America has improved last month in majority of the states in America. This was revealed by the Department of Labour which disclosed that in more than three quarters of the states of the country the employment situation has improved last month. The statement said that there is improvement in employment situation from [...]

Asian continent is preparing to have a greater role in the activities of the International Monetary Fund IMF. This was disclosed in Beijing China. The ongoing crises in the world number one monetary institution seemed to have reawakened the consciousness of the Asian continent for greater involvement in the affairs of the fund. Recently the [...]

The US Congress is geared up to deal with the economic crisis, however there is still a load of federal debt lagging behind and hampering all welfare programs. David Plouffe, White House senior adviser stated in an interview that the US president plans to decrease the federal deficit and is formulating stategy for it. However, [...]

Barack Obama expressed that the US military actions in Libya, Middle East political crisis and the looming nuclear disaster in Japan has put a toll over the psychology of people of the United States. The already slackening American economy has received severe jerks from these phenomena, Obama stated. He said that the American economy heavily [...]

Despite the thrust on deficit reduction President Obama is keen on investment on research and technology. To forward his high-tech and education agenda he made quick tour of the West Coast. He toured a semiconductor plant at Oregon and before that dined with head honchos of the Silicon Valley. While Republicans have asked for budget [...]

Washington: President Barack Obama on Saturday asked U.S business and finance groups to improve on the economic status of the country by increasing the labour force and investments. There is an increased responsibility of the Country to improve the rate at which business is done through improving education putting in place what will encourage creativity [...]

China is skeptical over US offer to free up trade in high-tech goods. Chinese government advisers and economists said on Thursday that in the aftermath of the offer, Chinese government should reject to be involved into a negotiation to speed up Yuan appreciation.