The White House on Monday announced a new program drawing funds from international partners to spend $350 million over five years to supply developing nations with clean energy technology to curb greenhouse gas emissions and reduce global warming.
The end game at hand, Senate Democrats appeared ready to jettison a proposed Medicare expansion from historic health care legislation Monday in hopes of assuring Christmas-week passage of the bill to extend coverage to tens of millions.
Exxon Mobil Corp. said Monday that it will buy domestic energy company XTO Energy Inc. in an all-stock deal valued at $41 billion as the blue-chip giant moves to boost its presence in the unconventional-natural-gas business.
Federal agency operations got a boost Sunday as the Senate approved a $1.1 trillion spending bill that Republicans said will cost too much as the country continues to grapple with tough economic times.
Amid mounting criticism that minorities, women and low-income workers are missing out on business opportunities and jobs under the stimulus bill, the Obama administration is urging the nation's governors to work harder to ensure that these groups participate fully in state transportation projects that receive federal funding.
President Obama met Monday with executives from some of the nation's biggest banks at the White House to talk about the economic recovery, lending to small businesses, helping struggling homeowners and the administration's push to overhaul financial regulations.