World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it a “turning point” …
Where President George W. Bush was known for his “cowboy diplomacy,” his successor, President Barack Obama wants to be known as a listener and a builder of bridges. Taking his first major foreign trip since becoming president in January, Obama …
North Dakota’s spring flooding problems have focused new attention on a proposed $44 million state disaster fund that a Fargo lawmaker wants to establish. “Setting the money aside is more critical than it’s ever been right now,” said Rep. Rick …
Kansas Governor Kathleen Sebelius vowed Tuesday to make the Food and Drug Administration a “world class” regulatory agency and to work with industry to improve food safety if she is confirmed as health and human services secretary. Sebelius told the …
Wall Street faces curbs on risk taking and the prospect of lower profits under sweeping U.S. proposals to prevent a repeat of the credit crisis. The Obama administration’s plan to rewrite financial rules, announced Thursday, would create a single regulator …
The National Weather Service says the Red River reached record stage in Fargo, N.D., overnight and one of the levees was breeched. The river had risen to 40.18 feet early on March 27, breaking a 112-year-old record on its way …
President Barack Obama has declared North Dakota a federal disaster area because of statewide flooding. North Dakota Gov. John Hoeven says the move means the federal government will pay 75 percent of state and local government costs for the flood …
The Obama administration Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts. U.S. Treasury Secretary Timothy Geithner, testifying before lawmakers still fuming about big bonuses for …
U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans they make in Florida would be repaid at fair market interest in the event of a catastrophe. Nelson, however, said obtaining …
U.S. Senate Majority Leader Harry Reid vowed Monday to push to recoup millions of dollars in executive bonuses at taxpayer-funded insurer American International Group, but the legislation appeared to be losing momentum in the Senate. President Barack Obama voiced concern …
