Greek Finance Minister Evangelos Venizelos says the United States fully supports Greece and the new bailout from the European Union and International Monetary Fund. Venizelos met in Washington Monday with U.S. Treasury Secretary Timothy Geithner and IMF chief Christine Legarde. Venizelos gave few details on his talks, but he called his meetings interesting and positive. […]
Greek Finance Minister: Positive Talks in Washington
Posted July 25th, 2011 at 5:40 pm (UTC-5)
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Chavez Set on 2012 Re-Election Bid Despite Cancer
Posted July 25th, 2011 at 4:50 pm (UTC-5)
Venezuelan President Hugo Chavez says in a new interview that he will seek another six-year term next year even as he struggles to overcome cancer. President Chavez made the remark in an interview published Monday in the government newspaper Correo del Orinoco. The president said he has not thought for a moment about leaving his […]
Republicans, Democrats Unveil Rival Plans for Raising Debt Ceiling
Posted July 25th, 2011 at 4:50 pm (UTC-5)
Republican and Democratic leaders in the U.S. Congress have unveiled rival plans to cut government spending and raise the debt ceiling, just one week before the United States could default on its debt for the first time in history. Speaker of the House John Boehner announced a Republican plan to immediately increase the debt ceiling […]
UN Says Massive Action Needed to Save Africa Drought Victims
Posted July 25th, 2011 at 4:50 pm (UTC-5)
The United Nations says “massive” action is needed to save millions of people living in the Horn of African from starvation. And it announced that it will begin an airlift of food aid into the Somali capital, Mogadishu, as well as eastern Ethiopia and northern Kenya on Tuesday. The U.N. World Food Program held an […]
US Stocks Decline
Posted July 25th, 2011 at 4:25 pm (UTC-5)
U.S. stock market indexes fell in Monday’s trading. The Dow Jones Industrial Average retreated seven-tenths of a percent to end at 12,593. The S&P 500 fell six-tenths of a percent to close at 1,337 and the NASDAQ dropped six-tenths of a percent to reach 2,843. European stock markets were mixed at the close of trading. […]
New US Ambassador: No Rush for Exit from Afghanistan
Posted July 25th, 2011 at 4:25 pm (UTC-5)
The new U.S. ambassador to Afghanistan, Ryan Crocker, says the United States is not rushing to leave Afghanistan, nor is it interested in having permanent bases in that country. Ryan Crocker made the comment during his swearing-in ceremony at the U.S. Embassy in Kabul Monday. About 33,000 American troops are set to leave Afghanistan by […]
IMF Urges Swift Action on US Debt Dispute
Posted July 25th, 2011 at 4:00 pm (UTC-5)
As U.S. lawmakers and President Barack Obama haggle over plans to cut Washington’s massive debt, the International Monetary Fund says the United States must take urgent and effective action on the issue. Monday, the newest IMF report on the U.S. economy said it is critical to the U.S. and other economies for Washington to promptly […]
Oil Prices Fall
Posted July 25th, 2011 at 3:55 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Monday: Crude oil prices lost 64 cents to settle at $99.23 a barrel. Coffee prices gained one cent to end at $2.43 per pound. Copper prices lost less than 1 cent to close at $4.40 per pound. Cocoa futures fell $69 to […]
IMF: US Economic Growth Slows
Posted July 25th, 2011 at 3:50 pm (UTC-5)
International Monetary Fund officials say U.S. economic growth slowed from a bit less than 3 percent in the last half of 2010 to a bit less than 2 percent in the first half of this year. An assessment of the U.S. economy published Monday predicts growth will pick up late this year and early next […]
FAA Furloughs Some Employees After Funding Lapse
Posted July 25th, 2011 at 3:50 pm (UTC-5)
U.S. Transportation Secretary Ray LaHood says thousands of jobs are at risk because Congress failed to approve funding for the Federal Aviation Administration. LaHood on Monday said there is “no excuse” for Congress not passing the spending bill. He said the funding is crucial to the economy and tens of thousands of middle-class families. The […]
