Economy Feb 10 Congress to Mesh $800 Billion Stimulus Bills The Senate on Tuesday approved an $838 billion economic stimulus package of spending and tax cuts that now must be reconciled with the House's $819 billion version. President Barack Obama is pushing to get the plan signed by mid-February.
Nation Feb 10 Rekindling the Electronic Book's Future: Amazon Unveils Updated Reading Device Despite Amazon's unveiling of the latest version of its electronic reading device, the Kindle, to the delight of many bookworms Monday, it appears that bookshelves, libraries and backpacks have not been rendered obsolete -- at least not yet.
Economy Feb 10 New Bank Rescue Plan Aimed at Easing Credit Treasury Secretary Timothy Geithner announced Tuesday a strategy to overhaul the widely criticized bank bailout fund that is aimed at unclogging credit markets that provide loans to consumers and businesses.
Nation Feb 09 $838 Billion Stimulus Plan Clears Senate Procedural Hurdle The Senate on Monday voted 61-36 to end debate on an $838 billion economic stimulus bill, one more vote than needed to avoid a potential filibuster on the measure when it goes to a final vote as early as Tuesday.
Politics Feb 09 Khatami to Challenge Ahmadinejad in Iranian Presidential Election Former Iranian leader Mohammad Khatami, who lobbied for improved relations with the West while he was president, said Sunday he will challenge President Mahmoud Ahmadinejad in the country's June 12 election.
Economy Feb 06 Senate Closes In on Deal for Stimulus Plan The Democratic-led U.S. Senate appeared to strike a deal Friday evening with key Republicans on a long-debated stimulus package to stem a deepening recession, news agencies report.
Health Feb 06 Economic Crisis May Take Toll on Health Services in Developing Nations As the global economic crisis continues to unfold, concern is growing over maintaining funding for health services in developing countries that rely on foreign aid to provide necessary treatments.
Economy Feb 06 Employers Slash 598,000 Jobs in January U.S. employers shed 598,000 jobs in January, pushing the unemployment rate to 7.6 percent in the latest sign of how the nation's labor market is retracting under the weight of the recession.
Economy Feb 06 Toyota Forecasts $5 Billion Fiscal Year Loss The world's largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs.
Nation Feb 05 Obama Creates Office of Faith-based and Neighborhood Partnerships President Barack Obama signed an executive order Thursday to create a White House Office of Faith-based and Neighborhood Partnerships to help nonprofits and local groups improve their communities with help from the government and other organizations.