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U.S. President Barack Obamas $825 billion package to stem the U.S. recession headed toward anticipated passage on Wednesday in a sharply divided House of Representatives.
Most House Republicans were expected to oppose the proposal, saying it needs more tax cuts and less spending, but Democrats were confident that they had the votes to push it through as they seek a final bill for Obama to sign into law by mid-February.
"Some of us have heard the voice of the American people and their call for change" in the November election, said House Speaker Nancy Pelosi, a California Democrat.
The Democratic-led Senate is expected to pass a somewhat more costly version of the proposal, which would force the two chambers to work out differences.
But before the Senate votes, Republicans are hoping to win some modifications that would be supported by the Democratic president.
Obama met on Capitol Hill on Tuesday with House and Senate read more »
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Most House Republicans were expected to oppose the proposal, saying it needs more tax cuts and less spending, but Democrats were confident that they had the votes to push it through as they seek a final bill for Obama to sign into law by mid-February.
"Some of us have heard the voice of the American people and their call for change" in the November election, said House Speaker Nancy Pelosi, a California Democrat.
The Democratic-led Senate is expected to pass a somewhat more costly version of the proposal, which would force the two chambers to work out differences.
But before the Senate votes, Republicans are hoping to win some modifications that would be supported by the Democratic president.
Obama met on Capitol Hill on Tuesday with House and Senate read more »
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As President Obama prepared to meet today with top military officials to review the troubled U.S. effort in Afghanistan, his Defense secretary told lawmakers Tuesday that the U.S. should set realistic, achievable goals.
The recommendation by Robert M. Gates, who also served under President Bush, represents a notable departure from the position of the Bush administration, which long emphasized the importance of establishing a strong, democratic government in Afghanistan. read more »
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The recommendation by Robert M. Gates, who also served under President Bush, represents a notable departure from the position of the Bush administration, which long emphasized the importance of establishing a strong, democratic government in Afghanistan. read more »
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As President Obama prepared to meet today with top military officials to review the troubled U.S. effort in Afghanistan, his Defense secretary told lawmakers Tuesday that the U.S. should set realistic, achievable goals.
The recommendation by Robert M. Gates, who also served under President Bush, represents a notable departure from the position of the Bush administration, which long emphasized the importance of establishing a strong, democratic government in Afghanistan. read more »
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The recommendation by Robert M. Gates, who also served under President Bush, represents a notable departure from the position of the Bush administration, which long emphasized the importance of establishing a strong, democratic government in Afghanistan. read more »
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Obama administration officials have drafted a letter to Iran from the president aimed at unfreezing US-Iranian relations and opening the way for face-to-face talks, the Guardian has learned.
The US state department has been working on drafts of the letter since Obama was elected on 4 November. It would be in reply to a lengthy letter of congratulations sent by the Iranian president, Mahmoud Ahmadinejad, on 6 November. read more »
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The US state department has been working on drafts of the letter since Obama was elected on 4 November. It would be in reply to a lengthy letter of congratulations sent by the Iranian president, Mahmoud Ahmadinejad, on 6 November. read more »
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By almost any measure, 2008 was a complete disaster for Wall Street -- except, that is, when the bonuses arrived.
Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year. read more »
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Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year. read more »
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Eating a box of Girl Scout Cookies in one sitting will be a little bit easier this year: The Girl Scouts of the USA confirmed Wednesday that it has reduced the number of cookies per box to save money because of rising transportation and baking costs. Michelle Tompkins, a national Girl Scout spokeswoman, said that "the cost of baking a cookie today is significantly higher than it was even a year ago, and our bakers cannot continue to absorb these rising costs." She also said transportation costs have increased 30 to 40 percent from a year ago.
The combined cost increase prompted the organization to "lower the net weight of our cookie boxes slightly rather than ask our customers to pay a higher per-package price during these difficult times," Tompkins said in a written statement.
There will be two to four fewer cookies in boxes of Thin Mints, Peanut Butter Sandwiches, Shortbread Cookies, DoSiDos and Trefoils, she said. read more »
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The combined cost increase prompted the organization to "lower the net weight of our cookie boxes slightly rather than ask our customers to pay a higher per-package price during these difficult times," Tompkins said in a written statement.
There will be two to four fewer cookies in boxes of Thin Mints, Peanut Butter Sandwiches, Shortbread Cookies, DoSiDos and Trefoils, she said. read more »
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Sony Corp swung to a quarterly operating loss and reiterated a forecast for its first annual loss in 14 years, battered by a firmer yen and weaker demand while highlighting deepening woes at the electronics conglomerate.
The loss announcement was expected as Sony cut its annual outlook last week for the third time this business year and unveiled preliminary results for October-December.
Sony, which competes with Samsung Electronics Co Ltd in LCD TVs and with Canon Inc in digital cameras, is struggling as the global financial crisis grows into a broad recession and hits consumer demand for gadgets.
The Japanese maker of Bravia LCD TVs and Cyber-shot digital cameras reiterated its latest forecast of a record 260 billion yen ($2.9 billion) operating loss for the year ending March 31. read more »
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The loss announcement was expected as Sony cut its annual outlook last week for the third time this business year and unveiled preliminary results for October-December.
Sony, which competes with Samsung Electronics Co Ltd in LCD TVs and with Canon Inc in digital cameras, is struggling as the global financial crisis grows into a broad recession and hits consumer demand for gadgets.
The Japanese maker of Bravia LCD TVs and Cyber-shot digital cameras reiterated its latest forecast of a record 260 billion yen ($2.9 billion) operating loss for the year ending March 31. read more »
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American Serena Williams gained her third consecutive Grand Slam final, beating Elena Dementieva in two sets to advance to the title match at the Australian Open on Thursday.
The second-seeded Williams, aiming for her fourth title in Melbourne and 10th major championship, pulled through with a 6-3, 6-4 triumph over the fourth- seeded Russian and will face third seed Dinara Safina in Saturday nights final.
Safina topped seventh seed Vera Zvonareva, 6-3, 7-6 (7-4) in Thursdays other semifinal, an all-Russian affair. Safina is into her second Grand Slam final. She was the runner-up at the French Open last year, losing to Serbian Ana Ivanovic.
That sets up an interesting matchup in the final, with the winner to be crowned the new No. 1 ranked player in the world. Williams is aiming to return to the top position for the third time in her career, while Safina could become the second Russian to get to the summit, joining Maria Sharapova.
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The second-seeded Williams, aiming for her fourth title in Melbourne and 10th major championship, pulled through with a 6-3, 6-4 triumph over the fourth- seeded Russian and will face third seed Dinara Safina in Saturday nights final.
Safina topped seventh seed Vera Zvonareva, 6-3, 7-6 (7-4) in Thursdays other semifinal, an all-Russian affair. Safina is into her second Grand Slam final. She was the runner-up at the French Open last year, losing to Serbian Ana Ivanovic.
That sets up an interesting matchup in the final, with the winner to be crowned the new No. 1 ranked player in the world. Williams is aiming to return to the top position for the third time in her career, while Safina could become the second Russian to get to the summit, joining Maria Sharapova.
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