U.S. President Barack Obama said Thursday that a $25 billion deal with banks is a major step toward reviving the troubled housing market, and turns the page on an era of recklessness. Banks have agreed to cut the amount of money some homeowners owe,...
WASHINGTON, Dec. 23 (Xinhua) -- The two chambers of U.S. Congress on Friday passed a short-term payroll tax and jobless benefits bill, which is now on its way to President Barack Obama's desk to be signed into law. The bipartisan deal was approved by...
Most EU Countries Accept New Fiscal Deal Most members of the European Union agreed to a new deal Friday that is intended to address debt problems that have threatened the common euro currency and driven Europe into an economic crisis. The agreement i...
US Congressional 'Supercommittee' Faces Deadline on Budget Deal The battle over how to reduce the United States' $15 trillion debt is now being debated by a bipartisan congressional supercommittee. With a deadline for agreement just days away, the sa...
MADRID, Nov. 17 (Xinhua) -- FC Barcelona on Thursday announced that the club has reached an agreement to assure the future of young striker Rafinha Rafa Alcantara until the end of June, 2015. The 18-year-old Rafinha is the younger brother of Barcelon...
U.S. lawmakers say time is running out for a congressional super committee to identify $1.2 trillion in deficit reduction during the next 10 years. Partisan disagreements remain on how best to improve Americas fiscal health, despite a softening of ri...
LONDON, Oct. 24 (Xinhua) -- Mexcian striker Javier Hernandez has committed himself to the Premier League champions Manchester United for a further five years as he signed a new deal with the Red Devils. The 23-year-old would stay at Old Trafford unti...
