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Mon, 01/17/2011 - 17:00 by Jaspreet Virk
In what can be termed as a startling revelation by Ronald Reagan's son, former American president had Alzheimer's disease when he was in power.
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Fri, 12/24/2010 - 14:49 by Anter Prakash Singh
President Barack Obama has selected Apple’s Steve Jobs as a good example of someone who strives hard to achieve the American dream with the help of his revolutionary products and in the process earns his wealth.
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Wed, 12/08/2010 - 10:29 by Prince damin
New York -- U.S. markets closed flat Tuesday, failing to hold early gains prompted by a compromise tax plan announced by President Barack Obama.
The White House agreed with Republicans to extend the George W. Bush-era tax cuts for two years for all wage earners, even those earning above $250,000 per year. In return, Republicans agreed to an extension of jobless benefits for workers out of a job for extended periods.
Obama said millions of jobs were at stake. If the tax cuts ended for the middle class, jobs would be lost. With the tax cuts in place, millions of jobs were saved, he said.
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Tue, 12/07/2010 - 23:00 by Prince damin
New York -- Crude oil prices climbed above $90 per barrel for the second time in a week Tuesday, with prices settling down in early morning trading in New York.
Prices hit an overnight peak of $90.76 on the New York Mercantile Exchange with confidence rising as the White House announced a compromise tax bill that would extend the George W. Bush era tax cuts for all wage earners for two years. Along with the compromise between Republicans and the Obama administration, jobless benefits would be extended for 13 months for unemployed long-term.
The price of January delivery light, sweet crude settled lower at $89.36 by midmorning. Heating oil prices added 0.34 cents to $2.4791 per gallon.
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Sat, 11/20/2010 - 07:39 by Prince damin
New York -- The New York firm founded by former White House auto czar Steve Rattner said it would defend itself against Rattner's claims that it owes him money.
Rattner settled Securities and Exchange Commission charges against him this week for $6.2 million and faces two lawsuits filed by New York state asking $26 million in damages for Rattner's part in a "pay to play" kickback scheme involving New York's largest pension fund.
Rattner filed papers Thursday that reveal he is taking his former firm Quadrangle to arbitration, The New York Times reported Friday.
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Fri, 10/29/2010 - 16:11 by Anter Prakash Singh
President Obama's interview with the ‘Daily Show’ host Jon Stewart has been termed successful by the White House, while many others have expressed fears that the television appearance this time may have boomeranged.
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Wed, 10/13/2010 - 11:20 by Anter Prakash Singh
The White House has declined to impose a nationwide ban on foreclosure following concerns about its possible effects on the recovery process going on in the housing sector.
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Fri, 10/08/2010 - 11:15 by Prince damin
Washington -- President Barack Obama will not sign a bill legalizing out of state and electronic signatures for foreclosures, the White House confirmed Thursday.
The bill was passed by acclamation by the Senate Sept. 27 and by the House in April. More controversial than when it was proposed by Rep. Robert Aderholt, R-Ala., the bill has gained attention as major U.S. lenders, including Bank of America and JPMorgan Chase, have suspended foreclosures in states that require a judge's review due to a growing controversy over flawed paperwork.
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Tue, 09/14/2010 - 05:12 by Prince damin
Washington -- The White House may ask Congress to consider a $60 billion aircraft deal with Saudi Arabia, sometime this week, officials told The Wall Street Journal.
About half of the $60 billion would be included in a first round of contracts while Saudi Arabia contemplates its next move, officials said. Beyond that, officials are also discussing an additional $30 billion in deals to supply Saudi Arabia with upgrades for its navy, the Journal reported.
The contracts, which require Congressional approval, will likely include orders for 84 F-15 fighter jets and 178 helicopters, including 70 Apaches, 72 Black Hawks and 36 Little Birds.
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Wed, 09/08/2010 - 10:14 by Rakhi
Washington -- First lady Michelle Obama welcomed an audience of students to the White House Tuesday for a program of performances by several top U.S. dance companies.
The Alvin Ailey American Dance Theater, the Paul Taylor Dance Company, the company of Broadway's "Billy Elliot: The Musical," and The Washington Ballet performed, along with Super Cr3w and the New York City Ballet, as the White House paid tribute to Judith Jamison -- who is scheduled to retire in 2001 after more than 20 years as artistic director of the Ailey company.
"This amazing woman, born in Philadelphia, she was onstage in New York with the American Ballet Theater by her early 20s," the first lady told the audience.
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Mon, 08/09/2010 - 23:12 by Prince damin
Washington -- The New Orleans Saints visited the White House Monday to mark their Super Bowl XLIV victory.
The Saints were welcomed by U.S. President Barack Obama who said the 31-17 NFL championship game win over the Indianapolis Colts helped buoy spirits in New Orleans and Louisiana, which are still trying to overcome the effects of Hurricane Katrina and the Gulf of Mexico oil spill.
Obama said: "Plenty of cities carry their sports teams through a tough season.
It's a rare thing when a sports team carries its city through tough times."
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Sat, 08/07/2010 - 22:40 by Prince damin
Washington -- The White House and Congress are set to overhaul the $12 trillion U.S. mortgage market and decide the fate of Fannie Mae and Freddie Mac, observers say.
The effort has sparked debate along party lines over how much the federal government should support home ownership, The Washington Post reported.
Fannie and Freddie, which guarantee nearly all new home mortgages, were bailed out by the federal government for $160 billion amid the mortgage crisis.
Affordable housing advocates want the government to offer more support for rental housing rather than pushing for home ownership for low-income people
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