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Geithner revisits US financial crisis in new book

Last Updated: Saturday, May 10, 2014, 10:38

Former US Treasury Secretary Timothy Geithner says he regrets not pushing for stronger financial safeguards ahead of the devastating 2008 crisis, according to reported excerpts of his new book.

Barack Obama to mark 5-year anniversary of US financial crisis

Last Updated: Sunday, September 15, 2013, 08:46

President Barack Obama will mark the five-year anniversary of the US financial crisis on Monday in an effort to move back to his domestic agenda after weeks of dealing with Syria.

Bank of America may face civil charges over financial crisis

Last Updated: Friday, August 02, 2013, 10:21

Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products, the bank said in a filing to a US regulatory agency.

Bernanke defends Fed response to financial crisis

Last Updated: Saturday, April 14, 2012, 09:50

Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest US financial institutions during the 2008 crisis.

Rise in US exports brightens outlook for economy

Last Updated: Friday, April 13, 2012, 11:03

American businesses sold a record number of goods and services in Europe, China and other foreign markets in February, while imports declined.

Obama to lay out a blueprint for rebuilding US economy

Last Updated: Sunday, January 22, 2012, 00:01

US President Barack Obama on Saturday asked his supporters to watch his State of the Union Address which he said would lay the blue print of rebuilding the country's economy.

Obama gets payroll tax extension as Christmas gift

Last Updated: Friday, December 23, 2011, 19:58

Ahead of Christmas, President Barack Obama on Friday achieved a major political victory when Republicans in the House of Representatives caved to his demands and agreed to extend the pay roll tax cut for 160 million American workers for two months.

European economic crisis to be on platter in US-EU Summit

Last Updated: Saturday, November 26, 2011, 14:17

A broad range of issues like Iran, Eurozone economic crisis and situation in the Middle East are expected to dominate the US-EU Summit at the White House next week.

Deficit "super committee" stalled as deadline looms

Last Updated: Sunday, November 20, 2011, 09:03

Both sides of Congress' deadlocked "super committee" held separate talks on Saturday, but formal negotiations remained stalled, reaffirming gloomy predictions that the deficit-fighting panel may fail.

No Double-Dip, but growth has slowed: White House

Last Updated: Saturday, October 08, 2011, 00:01

Even as the unemployment rate remained at 9.1 percent in September in the US, the White House on Friday denied the possibility of Double-Dip recession, but admitted the economic growth has slowed down.

Thousands of 'Occupy Wall Street' protesters march on streets

Last Updated: Thursday, October 06, 2011, 13:23

Thousands of 'Occupy Wall Street' protesters on Thursday took to the streets here, as the three-week old demonstrations against corporate America's greed and high unemployment got a major fillip with nearly 40 labour unions throwing their weight behind it.

Anti-Wall St protests show no signs of waning

Last Updated: Monday, October 03, 2011, 23:11

Large-scale demonstrations by US activists on Wall Street against "corporate greed" showed no signs of waning today even after 700 protestors were arrested as they tried to cross the Brooklyn Bridge here.