Daily News Channel
President Obama said Tuesday "there are no quick fixes" to pull the economy out of recession, but he insisted the country will recover. In his second prime time news conference, Obama called on Americans to look to the future with a “renewed confidence that a better day will come.” “We will recover from this recession,” the president said.
Treasury Secretary Tim Geithner will push for unprecedented new regulatory powers on Tuesday to seize financial institutions whose failure would pose serious risks to the U.S. financial system, according to two senior administration officials. Geithner is expected to make his case in testimony before the House Financial Services Committee.
Slouching alone at the head table before a room of business reporters, Treasury Secretary Tim Geithner looked like an overgrown prep school student facing the expulsion board after violating the honors code. It wasn’t what he said, but his demeanor as he said it. Cautious, gazing out, he seemed to be shrinking from the room
Politicians don’t usually like being interrupted during interviews. But sometimes it’s worth making an exception. During a sit-down conversation with TIME last week, British Prime Minister Gordon Brown happily broke off to read a faxed letter handed to him by an aide.
Jewels Morris-Davis is a no-nonsense kind of girl.
Twenty state attorneys general announced investigations Friday into the $165 million bonuses paid by insurance giant AIG last week, with Connecticut’s top lawyer issuing subpoenas to CEO Edward Liddy and 11 other executives. Connecticut Attorney General Richard Blumenthal and the Democratic chairman of the General Assembly’s Banks Committee want Liddy and other executives to appear Thursday and bring with them “original or copies of documents regarding the AIG Financial Products Corp
Barely a day goes by on Capitol Hill without some politician expressing a good measure of righteous indignation.
Unlike many of my colleagues in the mass media, I am suffering from outrage-deficit disorder. It’s not that I’m not angry
The Administration’s long-awaited plan to save America’s banks is being delayed again, government sources tell Time.
Farmers in Argentina blocked highways and rural routes throughout the country to protest anew the lack in progress in negotiations with the government over export taxes on farm goods. Argentine television news channel Todo Noticias showed images of trucks and cars stopped along rural routes in the provinces of Santa Fe and Entre Rios on Thursday