.S. President Barack Obama says the country's economic crisis demands that Congress act soon on his economic stimulus plan. Mr. Obama met Friday with top Democratic and Republican lawmakers at the White House. President Barack Obama speaks to report...
With the global economic slowdown increasingly felt in Asia, the region's governments have taken steps to shield their economies from the worst. But will these measures work? Asian governments are spending like never before. Japan's government says...
Despite the global financial meltdown, the garment export industry in Bangladesh has yet to see a downturn. The industry is remaining competitive because of falling cotton and yarn prices, as well as low labor costs. But many industry leaders say th...
European stock markets fell Friday after a mixed performance in Asia. A weak outlook for oil prices depressed global markets as share of crude hits its lowest level in five years. European stocks are generally down again as energy shares made invest...
President Bush says the ongoing financial crisis has forced him to endorse aggressive government intervention in numerous economic sectors in spite of his core, free market principles. President Bush restated his desire to prevent the U.S. auto indu...
President-elect Barack Obama seized on more gloomy economic news Tuesday to prod Congress into passing an economic stimulus plan early in the New Year. President-elect Barack Obama introduces Education Secretary-designate Arne Duncan during a news c...
The economic crisis has spread into many areas of the U.S. economy--banks, investment firms, insurance companies, and even the oil markets. But as VOA's Kent Klein reports from Washington, experts seem to agree that the trouble started with bad loan...
Amid continued upheaval among America's biggest financial firms, a former head of the U.S. Federal Reserve says even more institutions could face insolvency, and that the United States appears unlikely to avoid an economic recession. From Washington...
Republican presidential candidate John McCain has unveiled a new economic plan. VOA National Correspondent Jim Malone reports from Washington. Republican presidential candidate, Sen. John McCain, R-Ariz., gestures during a rally at Montgomery County...
Majority Democrats in Congress met with economic experts on Capitol Hill Monday to discuss a new package of steps to stimulate the U.S. economy. VOA's Dan Robinson reports that minority Republicans say they agree on the need for new legislation to h...