PORT-AU-PRINCE (Reuters) – The U.S. military will resume evacuation flights to the United States for critically injured Haitian earthquake victims within the next 12 hours, the White House said on Sunday.
DAVOS, Switzerland — The world’s foremost gathering of business and government leaders wrapped up a five-day meeting Sunday with widespread agreement that a fragile recovery is under way but no consensus on what’s going to spur job growth and prevent another global economic meltdown.
In a group of big egos and many power players attending the annual World Economic Forum, there was even some humility and a realization that overcoming the first global financial crisis is uncharted territory.
WASHINGTON — The government’s response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.
The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.
WASHINGTON (Reuters) – President Barack Obama will unveil a $3.8 trillion (2.4 trillion pound) budget proposal on Monday for fiscal 2011, the New York Times reported on Saturday.
PRESIDENT OBAMA 10 days ago set out one important element in the needed structural reform of the financial system. No one can reasonably contest the need for such reform, in the United States and in other countries as well. We have after all a system that broke down in the most serious crisis in 75 years. The cost has been enormous in terms of unemployment and lost production. The repercussions have been international.
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Thirteen people die as gunmen open fire at a student party in the northern Mexican city of Ciudad Juarez.