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White House spokesman Robert Gibbs said Obama viewed Iraq's upcoming provincial elections as another benchmark in its democratic development, which he hoped would help further U.S. plans to g ...[more]

In a report that showed a broad-based contraction across nearly all sectors, the Commerce Department said gross domestic product shrank at a 3.8 percent annual rate, the biggest contraction s ...[more]

The Institute for Supply Management-Chicago business barometer fell to 33.3 from 35.1 in December, a new low for the current downturn. Economists had forecast the index at 34.0. A reading bel ...[more]

Wal-Mart Stores () offered its lowest interest rate ever, just 3 percent, when the world's largest retailer sold corporate bonds this month, and investors still clamored to get their hands on ...[more]

U.S. President Barack Obama on Thursday voiced outrage at lavish pay checks after the New York comptroller revealed that a staggering $18.4 billion of bonuses payout were made in 2008.

The injection of taxpayer funds would drive down compensations that are already under pressure at capital-strapped banks and other financial institutions, the head of New York-based Johnson a ...[more]

Sen. Claire McCaskill proposed a law on Friday that would prevent executives from making more money than the U.S. president until their companies no longer rely on the $700 billion Troubled A ...[more]

Sha ...[more]

"There is a frenzy going on. Yes, the economy is tough right now but people don't need to panic," said Stinneford, 55, as he dropped off laundry at a dry cleaning store in Euless, a town near ...[more]

The Senate is expected to start considering the massive bill next week, following passage on Wednesday in the House of Representatives of a slightly smaller bill, without the support of a sin ...[more]

The Senate debate could stretch into the following week, leaving little time for House-Senate negotiators to come up with a compromise bill by mid-February -- Democratic President Barack Obam ...[more]