economic

By Jeff Mason and Doug Palmer WASHINGTON (Reuters) - President Barack Obama tapped Mike Froman and Penny Pritzker for the last two vacant Cabinet slots on his economic team on Thursday, turning to a law school classmate who is already one of his chief advisers and a billionaire businesswoman who...

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-- Less than a week after Chinese President Hu Jintao visited Washington, senior diplomats from China and the United States sat down in Beijing Friday to follow up on the visit and discuss other issues. U.S. Deputy Secretary of State James Steinberg met with Chinese State Councilor Dai Bingguo...

-- The White House will announce a new economic advisory council on Friday, one that will be headed by Jeffrey Immelt, the CEO and chairman of General Electric. "Because we still have a long way to go to get Americans back to work and strengthen our economy, the President will announce on...

http://cnn.com/video/?/video/bestoftv/2011/01/19/exp.sot.obama.hu.presser.cnn -- The Chinese economy continued its breakneck growth in 2010, expanding by 10.3%, according to government figures released Thursday. Last year China's economic output eclipsed Japan to become the world's second...

The United States wants a "real, demonstrative commitment" from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahead of next week's state visit by China's Hu Jintao. Treasury Secretary Timothy Geithner will on Wednesday lay...

http://cnn.com/video/?/video/politics/2011/01/07/bts.obama.jobs.remarks.cnn -- President Barack Obama announced several new members of his economic team Friday as the administration trumpeted a falling unemployment rate. The U.S. economy added 103,000 jobs in December, while the unemployment...

His presidency tied to the fate of the economy, Barack Obama is revamping his economic policy team and signaling cooperation to ascendant Republicans and the business community at a pivotal moment in the nation's recovery and Washington politics. The president is surrounding himself with...

Havana, Cuba -- Cuban President Raul Castro told legislators Saturday that the country's economy would undergo significant change in the coming year, but added that the measures aimed to bolster socialism -- not make Cuba a capitalist nation. Castro has begun a radical shakeup of the...

NEW YORK -- As the U.S. economy slowly recovers from a severe recession, Americans are still skating on thin ice financially, according to a report released Tuesday. The report, from the Rockefeller Foundation and Yale University, said that 93% of U.S. households suffered at least one...

China will step up efforts to fight inflation next year after prices rose more than 5 per cent in November, according to a statement released after an annual economic policy meeting in Beijing. The 5.1 per cent rise in the consumer price index in November was higher than expected, and up from...

APEC leaders said in a joint statement they would take steps toward a trans-Pacific trade treaty. Yokohama, Japan -- World leaders at the Asia-Pacific Economic Cooperation summit on Sunday pledged to work toward a free trade area in Asia. "We reaffirm our unwavering commitment to achieving...

G-20 leaders agree to refrain from competitive currency devaluations among efforts to limit economic volatility as U.S. President hails a "hard-won consensus." G-20 leaders gather for group photo http://cnn.com/video/?/video/us/2010/11/12/g20.obama.presser.cnn Seoul, South Korea -- The...

Wolfgang Schauble, Germany's finance minister, has strong words for U.S. policy making. Germany has put itself on a collision course with the US over the global economy, after its finance minister launched an extraordinary attack on policies being pursued in Washington. Wolfgang Schäuble...

http://cnn.com/video/?/video/world/2010/11/07/bts.obama.remarks.cnn New Delhi, India -- The relationship between the United States and India is "stronger, deeper and broader" than ever before, U.S. President Barack Obama said Monday at a joint news conference with Indian Prime Minister...

Economic Outlook: A rebalancing act Anyone who read U.S. economic reports in August needed to keep a bottle of aspirin nearby or suffer the consequences. It was getting at least that grim. There was no place to turn for a little respite. The economic recovery -- not robust, but it had...

Judge: Execution, prison costs irrelevant NEW HAVEN, Conn., -- A Connecticut judge rejected a convicted killer's request to allow testimony on the cost to the state of execution compared to the cost of life imprisonment. In the Wednesday pre-sentencing hearing in New Haven for Steven...

Greenspan: Roll back all tax cuts NEW YORK, Former U.S. Federal Reserve Chairman Alan Greenspan raised eyebrows by calling for complete repeal of tax cuts made by the Bush administration, observers say. In contrast to the White House desire to keep tax rates steady for all but the country's...

Romer leaving White House post WASHINGTON, Christina Romer said in Washington Thursday she will resign next month as chair of the White House Council of Economic Advisers. Romer will leave the White House post Sept. 3 and return to her position as economics professor at the University of...

Report criticizes auto dealership closings WASHINGTON, Conn., The closing of thousands of automobile dealerships was, perhaps, ill-conceived, says a report by a U.S. official who oversees government bailouts. Special Inspector General Neil Barofsky's report says tens of thousands of jobs...