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Economy recovering, infra investment needed: US

Last Updated: Thursday, May 30, 2013, 13:16

The American economy is recovering in the aftermath of the worst recession, a top US official has said, but acknowledged that the country's infrastructure sector is in "crying" need of further investment.

US continuing to recover from the worst recession: White House

Last Updated: Saturday, May 04, 2013, 09:18

The US is continuing to recover from the worst recession since the Great Depression, the White House said after the latest jobs report revealed that the unemployment rate for the month of April has dropped to 7.5 percent, the lowest in four years.

Recession reverses 'empty nest' syndrome in US

Last Updated: Monday, January 28, 2013, 14:26

Empty nest syndrome is associated with general feeling of loneliness among parents when their children leave home to live on their own for the first time.

Warren Buffett rules out recession if Congress can’t deal with fiscal cliff

Last Updated: Thursday, November 15, 2012, 20:30

American business magnate Warren Buffett has said there ‘won’t be a recession’ if Congress can't resolve the so-called fiscal cliff before the automatic tax increases and spending cuts take effect in January.

US may slip into recession if Congress doesn't act: Bernanke

Last Updated: Wednesday, July 18, 2012, 10:33

Ben Bernanke has said if Congress doesn't reach agreement soon to avert a budget crisis, the US might slip into recession.

US stock rally helps regain wealth lost in recession

Last Updated: Friday, March 09, 2012, 19:48

A stock rally at the end of 2011 helped rebuild more of their lost wealth — a trend that carried into 2012. Households responded by borrowing more for the first time since the financial crisis began, even as home values fell further.

For Americans, recovery feels like recession: Study

Last Updated: Tuesday, October 11, 2011, 09:58

No wonder many Americans feel as if the economy never recovered at all.

Funds see Europe recession in next year: BoA Merrill Lynch

Last Updated: Wednesday, September 14, 2011, 00:15

Europe's sovereign debt and banking crisis is expected to push the region into recession over the next 12 months, and most investors do not expect higher US interest rates until 2013, a survey showed on Tuesday.

Brent falls below $112 on US recession fears

Last Updated: Monday, September 05, 2011, 09:42

Brent crude fell below $112 a barrel on Monday, as fears of another US recession slowing fuel demand overshadowed supply concerns over a major shutdown of offshore oil production forced by Tropical Storm Lee.

Fed could get specific on goals if recession hits

Last Updated: Saturday, September 03, 2011, 14:13

A darkening US economic outlook is forcing Federal Reserve officials to dig ever deeper into an already depleted policy toolkit and consider measures until recently deemed too radical.

US recession fears recede as factories show growth

Last Updated: Friday, September 02, 2011, 00:04

US manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week, despite a slump in confidence that threatened to push the economy back into recession.

Lehman Brothers to seek creditor vote on $65 billion payout

Last Updated: Tuesday, August 30, 2011, 21:23

Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its USD 65 billion payout plan, a key step toward ending the biggest bankruptcy in US history.