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U.S. Federal Reserve Chairman Ben Bernanke told the U.S. Congress on Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing."
President Bush pressed lawmakers Tuesday to lift a ban on offshore oil drilling, saying "the only thing standing between the American people and these vast oil resources is action from the U.S. Congress."
Even with India's last-minute revival of a languishing civil nuclear accord with the United States, it may be too late for Congress to ratify the deal
While the government has won praise for its war on narco-gangsters, the collateral damage is alarming human rights watchdogs
With thousands of U.S. flights cancelled in recent weeks and criticisms over the U.S. Federal Aviation Administration (FAA)'s inspection regime, U.S. passengers are beginning to doubt the safety of the nation's airline industry.
Dr. Craig Barrett joined Intel as a technology manager in 1974, and was with the company during most of its major developments.
Dear FSB: I work for a wholesale distribution business that is considering building a new distribution center this year. The U.S. Congress is currently debating an economic stimulus package that would include bonus depreciation that would certainly have an impact on our decision to make an investment now. How can we best express our need for tax relief for small business?
The Washington, D.C., city council voted 11-2 last night to approve a bill requiring all employers to grant sick leave to their workers, but the proposal still has hurdles to clear before becoming law.
On January 28, 2008, President George W. Bush will deliver his annual State of the Union address. But what is the State of the Union, and what makes this presidential speech different from others?
U.S. President George W. Bush on Friday stressed the role of faith-based groups in the fight against AIDS, calling the struggle one of conscience and morals on the eve of World AIDS Day.
U.S. Federal Reserve Chairman Ben Bernanke told the U.S. Congress on Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of failing."
President Bush pressed lawmakers Tuesday to lift a ban on offshore oil drilling, saying "the only thing standing between the American people and these vast oil resources is action from the U.S. Congress."
Even with India's last-minute revival of a languishing civil nuclear accord with the United States, it may be too late for Congress to ratify the deal
While the government has won praise for its war on narco-gangsters, the collateral damage is alarming human rights watchdogs
With thousands of U.S. flights cancelled in recent weeks and criticisms over the U.S. Federal Aviation Administration (FAA)'s inspection regime, U.S. passengers are beginning to doubt the safety of the nation's airline industry.
Dr. Craig Barrett joined Intel as a technology manager in 1974, and was with the company during most of its major developments.
Dear FSB: I work for a wholesale distribution business that is considering building a new distribution center this year. The U.S. Congress is currently debating an economic stimulus package that would include bonus depreciation that would certainly have an impact on our decision to make an investment now. How can we best express our need for tax relief for small business?
The Washington, D.C., city council voted 11-2 last night to approve a bill requiring all employers to grant sick leave to their workers, but the proposal still has hurdles to clear before becoming law.
On January 28, 2008, President George W. Bush will deliver his annual State of the Union address. But what is the State of the Union, and what makes this presidential speech different from others?
U.S. President George W. Bush on Friday stressed the role of faith-based groups in the fight against AIDS, calling the struggle one of conscience and morals on the eve of World AIDS Day.
Students will learn about climate change and the role that greenhouse gases are thought to play in global warming.
The Turkish government will seek parliamentary approval for a military operation against Kurdish rebels in northern Iraq
As Bush prepares to honor him, China's continuing obsession with the Tibetan spiritual leader reveals a grudging respect
Oil prices settled at a record high Friday on news of dwindling stockpiles, potential trouble with Turkey and projections for a colder winter.
Private security firms have made news recently for killing civilians in Iraq and for an inquiry into their powers at a special hearing in the U.S. Congress.
President Bush on Friday defended his administration's methods of interrogating terrorism suspects, insisting, "This government does not torture people."
The President's vow to hold the line on health care spending signals he's trying to shape his legacy as a fiscal conservative
Sheik Jamal al-Sudani leads a group of volunteers with one of the most solemn tasks in Iraq: Collecting and burying the hundreds of unclaimed dead every month and giving them a proper burial.
Elvira Arellano is back in Mexico, and opponents of illegal immigration hope her deportion will mark the start of a crackdown. But that isn't likely
China on Friday reported its second-biggest monthly trade surplus on record, handing more ammunition to critics who say Beijing gains an unfair trade advantage by keeping the yuan undervalued.
How do people think the Democratic Congress is doing after six months? Lousy. But better than the alternative.
On risks: We haven't had a global financial shock since 1998. I believe that these large and dramatic increases in private pools of capital [hedge funds and private equity] and in the credit derivatives markets since then have helped manage and disperse risk and make the economy more efficient. When we do have one - and it's when, not if; that's not me being negative, it's just that we're not going to defy economic gravity - we'll be seeing for the first time how some of these instruments perform under stress.
Iraq is on target to meet by September key political benchmarks set by the U.S. Congress, Iraqi National Security Adviser Mowaffak al-Rubaie said Sunday.
Moving the U.S. Congress closer to overhauling the troubled student loan industry, the chairman of the Senate Education Committee Monday unveiled proposals that would affect major lenders.
These are some of the facts from tonight's broadcast that you might find interesting.
What a spectacle, what a mess. What a day for thousands and thousands of illegal aliens and their supporters to march through the streets of many of our biggest cities demanding amnesty for illegally entering the country.
The United States and South Korea reached agreement on a bilateral trade deal that could increase trade between the two countries by 20 percent.
This month on Business Traveller Richard's on a quest for your rights - passenger rights.
Despite the usual wrangles and disagreements between transportation negotiators from the EU and USA, a deal has been struck between the two sides that could ultimately provide more choice and cheaper tickets for passengers flying between the EU and the U.S.
Seventeen Republicans joined Democrats on Friday in passing a two-sentence resolution denouncing President Bush's plan to boost troop levels in Iraq.
The Bush administration hopes to resettle about 7,000 Iraqi refugees to the United States this year, the State Department said Wednesday.
1. Venezuela President Hugo Chávez will use a strong victory at the polls to tighten his grip on power, amend the constitution to remove a two-term limit, and further marginalize the opposition, re...
Nancy Pelosi, the new House speaker, cautioned President Bush Sunday that if he calls for additional U.S. troops to be sent to Iraq, he will have to show the Democratic-controlled Congress why even more money should be poured into the war.
The race to return to the moon is on. Earlier this month NASA unveiled its mission statement to revisit earth's satellite and create a permanent base there. While it may become the jumping off point for further exploration of our solar system and beyond, there are more earthly prizes in sight, with some scientists believing that it has the potential to solve the world's dependence on fossil fuels.
In the Iranian capital, the results of the U.S. midterms and the resignation of Donald Rumsfeld are viewed as moments too good to ignore.
The Democrats' sweeping victory in the U.S. midterm elections changed the balance of power in American government. Here's all you should know about how things work (and don't work) on Capitol Hill.
In a political first, a Muslim has been elected to serve in the U.S. Congress.
A majority of Americans said issues such as the Iraq war, the economy and terrorism would head in the right direction if the Democrats won control of Congress on Tuesday, according to a CNN poll released Monday.
On November 7, 2006, Americans will vote for federal, state and local officials. Use the information in this Extra! to help students understand what happens in midterm elections.
$6.5 billion: The amount wiped off the value of online gambling shares on Monday after the U.S. Congress passed legislation to ban Internet gaming there.
President Bush on Wednesday for the first time acknowledged the use of secret CIA prisons outside U.S. borders to hold top suspects captured in the war on terrorism. Bush also announced that he wants 14 detainees, including the mastermind of the 9/11 attacks, Khalid Sheikh Mohammed, to stand before a military tribunal.
Iraqi police found 26 bodies Tuesday in different neighborhoods of Baghdad, the Iraqi Interior Ministry said.
A driveway dispute, a fence in the wrong yard, a gunfight ... time to call in a surveyor.
Everyone knows buying a home is expensive these days. But not buying a house can run into a few bucks as well.
Conservative Republicans gathering to talk about the upcoming elections normally would be a welcome event for national party leaders. But not this year.
Senate Majority Leader Bill Frist said Sunday that he expects an immigration bill to be passed by week's end, but comments from other U.S. lawmakers left it difficult to predict what kind of legislation might ultimately win passage.
Three years after U.S. forces invaded Iraq and toppled the regime of Saddam Hussein, the cost--in both lives and dollars--continues to mount.
For the fourth time since he became president in 2001, George Bush has sent his Treasury secretary to Capitol Hill, hat in hand, to ask for an increase in the federal debt ceiling (currently $8.18 trillion).
President Bush said Friday he was concerned about the "broader message" that the failed port operation deal with a United Arab Emirates company sends to other Arab allies in the U.S. war on terrorism.
"It is just amazing how parochial Americans are," I heard a voice just in front of me say. "Amazing," agreed another.
On January 23, 2007, President George W. Bush will deliver his annual State of the Union address. But what is the State of the Union, and what makes this presidential speech different from others?
The bodies of two miners who were trapped after an underground fire broke out at Aracoma Alma Mine No. 1 were found Saturday, mine officials said.
President Bush held a year-end news conference in the White House on Monday. The president followed up on his Sunday night speech on Iraq, addressed the controversy surrounding the Patriot Act and took questions on those and other subjects. Here is a partial transcript of Bush's remarks Monday:
Rep. Curt Weldon, R-Pennsylvania, has demanded in a letter to Defense Secretary Donald Rumsfeld that testimony before Congress be allowed of an intelligence officer who says he told the FBI of September 11 terrorists a year before the attacks. Already about 150 members of Congress from both political parties have signed the letter. As Weldon said on "Lou Dobbs Tonight," "The American people need to know the facts." Below is Rep. Weldon's letter to Defense Secretary Donald Rumsfeld:
On November 11, Americans pay tribute to everyone who has served in the U.S. military. But why was this particular date chosen, and how does this holiday differ from Memorial Day?
A recent U.S. military report estimates that nearly 26,000 Iraqis were killed or wounded by insurgent attacks from January 1, 2004, through September 16, 2005.
Even as the costs of the nation's most expensive storm are added up, it's becoming more and more apparent that the economy has weathered Hurricane Katrina relatively well.
Nearly three years after it was written, the "Downing Street memo" on pre-war intelligence on Iraq is spotlighted in the U.S. Congress, with one man leading the charge.
India wants a new world trade pact that would prevent the United States and other countries from taking steps to ban companies from outsourcing jobs, a top Indian official has said.
You want irony? This week's CBS News poll reported Congress' approval rating at a dismal 29 percent, the lowest recorded number since 1996, right after that Republican Congress, in a showdown with Democratic president Bill Clinton, followed the unwise leadership of Speaker Newt Gingrich and shut down the government.
Eighty-nine Democratic members of the U.S. Congress last week sent President George W. Bush a letter asking for explanation of a secret British memo that said "intelligence and facts were being fixed" to support the Iraq war in mid-2002.
American professional sports will have to introduce far stricter penalties for doping offenses to gain credibility in the fight against drugs, Olympic president Jacques Rogge said in Berlin on Wednesday.
THE YEAR IS YOUNG, BUT ALREADY IT has been a most glorious season for business. True, the economy is a delicate flower, deficits are worrisome, and interest rates are stirring. But all that pales c...
Ukrainian President Viktor Yushchenko, who came to power in January after a popular uprising, will address a joint meeting of the U.S. Congress next week, Senate and House leaders said Wednesday.
A bipartisan group of lawmakers Wednesday vowed to aggressively fight normal trade relations with China, saying Beijing is rapidly becoming the world's manufacturing center and high-tech hub at the expense of millions American jobs back home.
Iowa legislators are taking dead aim at one of the state's biggest problems: retaining young residents. A proposed tax break could put an extra $600, on average, in the pocket of every resident under 30 years old.
President Bush delivered his second inaugural address Thursday after being sworn in for a second term. This is a transcript of his remarks:
Dogged by allegations that he pocketed oil money from Saddam Hussein's government, Benon Sevan, the former head of the United Nations oil-for-food program, insisted this week that he had done nothing wrong.
A Democratic congressman Saturday slammed the Republican-led Congress, saying it is "time for new leadership" and urged voters to elect Democrats to the House and Senate.
A piece of advice for voters during the presidential campaign: Don't believe what either guy says about taxes. George W. Bush's line is, "I'm a tax cutter and Kerry isn't." John Kerry's message: "I...
The Democratic Party's nominee for president in 1972, George McGovern served South Dakota in the U.S. Congress as a representative and senator for 22 years.
The U.S. House of Representatives overwhelmingly approved a bill Wednesday to ban lawsuits by obese customers who say they became overweight by eating at fast-food restaurants.
The European Commission has launched retaliatory trade measures against the United States that will cost American companies hundreds of millions.
Wall Street gets in a lather about the monthly jobs numbers, but the employment report that really preoccupies the market comes once every four years, with the presidential election. Ned Davis has ...
Citing the failure of the U.S. Congress to repeal tax laws deemed illegal last year by the World Trade Organization, the European Union says it will begin imposing retaliatory sanctions next week.
As we head into budget season, most small business owners expect the Republican Congress to support their interests. But Republicans in power don't always yield happy entrepreneurs. Yes, small busi...
Conventional wisdom on Wall Street is that when it comes to Washington, gridlock (like greed!) is good. Yeah, but can there be too much of a good thing? A Democratic President and a Republican Cong...
What a long, strange trip it's been. Eight years ago the federal government faced tremendous, mounting deficits, and not even candidate Bill Clinton had the temerity to promise that he would balanc...
Arthur A. Fletcher, 75, may just be the father of affirmative action. A World War II veteran (he served under Patton) and former professional football player (for the Los Angeles Rams and the Balti...
This is the time of the political season when Republicans trim their views to the specifications of the Christian Coalition, when commentators talk of invisible armies of zealous campaigners, when ...
The Republican Congress has rarely seen a war it didn't want to fight. Affirmative action? Straight to the front lines. Taxes? Full mobilization. The budget? Bombs away. Welfare? Ditto. But now, wi...
In Washington, at least, organized labor is back. The AFL-CIO almost single-handedly defeated fast-track trade legislation last year, won an increase in the minimum wage the year before, and, overa...
There hasn't been much to like about the budget showdown between the Republican Congress and the Clinton White House--unless you're a connoisseur of cheap theatrics, schoolyard gamesmanship, and wh...
As the new Republican Congress talked revolution, investors were waiting nervously to see how interest rates would react to radical promises of tax cuts. Economists warned that if tax reductions in...
For all the talk of tax cuts, what business really wants from a Republican Congress is regulatory relief. For decades a phalanx of powerful Democratic committee chairmen prevented meaningful regula...
As a Member of the United States Congress, I will introduce a bill that will allow parents who earn less than $40,000 and who contribute to the college tuition of their sons or daughters to deduct ...
Questions abound about the working habits of the U.S. Congress. One question is: What does it mean to say that Congress is ''in session,'' as it is repeatedly stated to be nowadays, when in fact ev...
Two years ago, your correspondent had a part-time tour of duty in the Pentagon, serving as editor for a high-level group called the Commission on Integrated Long-Term Strategy (CILS). The commissio...
For various technical reasons, this Keeping Up column had to be locked up early, so the fellow currently slumped over the keyboard is somewhat disadvantaged when it comes to interpreting the big vo...
Historians will record, or better yet forget, that every one of the following happenings happened in 1986, during the tenure of an administration said to be quite conservative: The Attorney General...
The Reagan Administration's efforts to blunt protectionism have landed the U.S. in a nasty fight with its biggest trading partner. In early June the Administration nailed a 35% tariff on cedar shak...
Late June: General Motors could announce where it will locate its plant for the Saturn car. About 30 state governors have lobbied GM for the plant site. June 28: The U.S. Congress adjourns for a te...
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