The Republican-led U.S. House of Representatives votes Tuesday on legislation that would cut billions of dollars from the federal budget in exchange for raising the country’s borrowing limit and avoiding a first-ever default. The so-called Cut, Cap and Balance Act, supported by the Republican Party’s Tea Party faction and other fiscally conservative groups, would also […]
US House to Vote on Deficit Cutting Proposal Opposed by Obama
Posted July 19th, 2011 at 7:20 am (UTC-5)
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Argentina Studies Iran Offer on Bombing Anniversary
Posted July 18th, 2011 at 8:20 pm (UTC-5)
Argentina says it will study an offer by Iran to cooperate with the investigation into a 1994 bombing that leveled a Jewish community center in Buenos Aires, killing 85 people. Foreign Minister Hector Timerman made the remark Monday on the 17th anniversary of the country’s worst terrorist attack. He was quoted as saying Iran is […]
Venezuela’s Finance Minister Says Chavez to Seek Re-Election in 2012
Posted July 18th, 2011 at 5:50 pm (UTC-5)
Venezuela’s finance minister says there is no doubt that President Hugo Chavez will run for re-election next year, despite returning to Cuba to begin chemotherapy following recent cancer surgery. Finance Minister Jorge Giordani made the comment on state television Monday, two days after President Chavez flew back to the island, where he underwent surgery last […]
Peru’s President-Elect to Keep Central Bank Head
Posted July 18th, 2011 at 4:55 pm (UTC-5)
Peruvian President-elect Ollanta Humala says he will reappoint Julio Velarde as central bank chief, in an apparent signal to investors that the country’s current economic policies will continue. President-elect Humala made the comment in an interview on local television. He is expected to name his Cabinet on Wednesday. Mr. Humala takes office July 28. Mr. […]
Obama Picks Head of New US Consumer Agency
Posted July 18th, 2011 at 3:00 pm (UTC-5)
U.S. President Barack Obama has nominated a former state attorney general to head the new federal Consumer Financial Protection Bureau. Richard Cordray is a 52-year-old lawyer who served both as attorney general and treasurer of Ohio. He most recently has been working as director of enforcement for the consumer bureau, which began preliminary operations in […]
Obama Picks Head of New US Consumer Agency
Posted July 18th, 2011 at 1:45 pm (UTC-5)
U.S. President Barack Obama has named Richard Cordray as the head of the new Consumer Financial Protection Bureau. Cordray is a former attorney general of Ohio. His appointment needs to be confirmed by the Senate. In choosing Cordray, Mr. Obama bypassed Harvard University professor Elizabeth Warren, who has been working to set up the agency […]
Zoellick Urges Bold Action On World Trade
Posted July 18th, 2011 at 10:05 am (UTC-5)
The head of the World Bank says the U.S. government should stop making excuses and start leading in efforts to make a deal in the Doha free trade talks. Robert Zoellick said at a World Trade Organization meeting in Geneva Monday the agreement would boost trade and that is the best way to bolster badly […]
Clinton Travels to India for Economic, Security Talks
Posted July 18th, 2011 at 9:15 am (UTC-5)
U.S. Secretary of State Hillary Clinton arrives in India late Monday for two days of talks aimed at strengthening political and economic relations with the South Asian country. Clinton’s visit is part of an ongoing U.S.-India strategic dialogue that began last year with talks in Washington. While in India, the secretary of state will meet […]
Venezuela’s Chavez in Cuba to Begin Cancer Treatment
Posted July 18th, 2011 at 8:35 am (UTC-5)
Venezuelan President Hugo Chavez arrived in Cuba late Saturday to begin chemotherapy, after undergoing surgery last month to remove a cancerous tumor. Before boarding his plane in Caracas, Mr. Chavez said he was going away for a few days, but the length of his stay in Cuba is not known. Earlier in the day, President […]
2 Killed in Chile Subway Shooting
Posted July 18th, 2011 at 6:25 am (UTC-5)
Police in Chile’s capital say a man opened fire on a subway train Sunday, killing at least two people and wounding four others. Santiago police say the assailant killed himself after the attack. The gunman has been identified as 45-year-old Israel Huerta Cespedes. Police say the shooting happened in the Plaza Maipu station. They have […]
