President Barack Obama today moved to officially lift the Bush administration's restrictions on human embryonic stem cell research. The move reverses a 2001 directive from Mr. Obama's predecessor in the White House. At a signing ceremony in the East...
White House Budget Director Peter Orszag says the US economy is fundamentally weak, but he says the stimulus plan enacted by Congress should be given time to kick in fully before any further stimulus measures are considered. You are starting to see...
President Obama is urging Americans to be patient and as positive as possible in the face of a seemingly endless succession of negative economic news. Mr. Obama says the nation will make it through the current crisis. This is a moment of challenge f...
The news that employer slashed another 651,000 jobs last month coupled with an unemployment rate that is now above 8% shows an economy firmly in the grip of recession. The unemployment rate which rose at 8. 1% in February is the highest it's been in...
From NPR News in Washington, I'm Jack Speer. President Barack Obama opened the administration conference on the nation's health care system today, saying for years federal officials have talked and tinkered around the edges of revamping health care....
The Obama administration today launched a new program to try to prevent home foreclosures. Economists say finding a better way to avoid foreclosures is critical as the nation slides deeper into recession. NPR's Chris Arnold reports. The efforts to p...
Federal Reserve Board Chairman Ben Bernanke says the US must take further steps to stabilize the banking system even though, he says, doing so will add to the federal deficit. NPR's Scott Horsley reports. Ben Bernanke told the Senate Budget Committe...
A rough start to the week for Wall Street: the Dow Jones Industrial Average fell to its lowest level in some 12 years today, dipping below 7,000. With the ongoing credit crisis and more taxpayer dollars going into AIG and Citibank, blue chip stocks...
From NPR News in Washington, I'm Carol Van Dam. A powerful winter storm is dumping snow on southern states including Alabama and Georgia, and is soon expected to blanket North Carolina before it turns northward. The system is expected to dump severa...
From NPR News in Washington, I'm Barbara Klein. President Obama is defending his 3.6-trillion-dollar budget proposal. In his Saturday address, the President said he expects resistance to the enormous spending proposal and he's ready to fight for it....
