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High unemployment could last a decade

High unemployment could last a decade

The American economy could experience painfully slow growth and stubbornly high unemployment for a decade or longer as a result of the 2007 collapse of the housing market and the…

Feds will appeal stem-cell ruling

Feds will appeal stem-cell ruling

The Justice Department said it will appeal a judge’s decision to block federal funding for stemcell research, risking an election year fight over hot-button issues of science and religion. “I…

Last combat brigade pulls out of Iraq

Last combat brigade pulls out of Iraq

The last US combat brigade pulled out of Iraq and crossed into Kuwait almost seven and a half years after the US-led invasion to oust Saddam Hussein, US media reported.…

Tea party runs into money problems

Tea party runs into money problems

Some leading tea party activists are concerned that their efforts to reshape American politics, starting with the 2010 elections, are being undermined by a shortage of cash that’s partly the…

Embattled BP boss steps down

Embattled BP boss steps down

BP boss Tony Hayward will step down as head of the troubled oil giant, the company said Tuesday, after his heavily criticised handling of the Gulf of Mexico oil spill…

Obama to sign historic financial overhaul bill

Obama to sign historic financial overhaul bill

President Barack Obama claims a moment of history Wednesday as he signs into law the most sweeping finance reform since the 1930s Great Depression. The legislation, which some Republicans have…

Kagan nomination clears Senate panel

Kagan nomination clears Senate panel

President Barack Obama‘s second US Supreme Court pick, Elena Kagan, drew one step closer Tuesday to being just the fourth woman to reach the high bench as a key senate…

Obama goes into attack mode

Obama goes into attack mode

Barack Obama has decided that fiery self defense and withering mockery of Republicans are the best modes of attack as he tries to save Democrats from a drubbing in November’s…

Rich more likely to default on mortgages

Rich more likely to default on mortgages

No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars. The housing bust that began among the working class in remote…

Problem for GOP: Where’s the passion?

Problem for GOP: Where’s the passion?

Republican senators have already blamed the breezy confirmation process for Elena Kagan on simple math, saying Kagan’s confirmation to the Supreme Court is already ensured with 58 Democrats in the…