The Obama administration said Friday that it was monitoring developments in a looming debt default by the Persian Gulf emirate of Dubai, whose efforts to fend off creditors sent stocks skidding in the United States and around the globe amid fears of new bank losses.
Just a few weeks ago, some suggested Atlanta was about to name its first white mayor in a generation. Instead, the Nov. 3 election set up a hard-fought runoff battle that's expected to break down largely along racial lines when voters return to the polls Tuesday.
The U.S. Treasury Department is expected to meet with lenders today to press them to do more to rework troubled home mortgage loans. The move is the latest step in the Obama administration's efforts to battle a foreclosure crisis that shows no signs of relenting and threatens the economic recovery.
President Barack Obama said this week that the U.S. economy is in good shape for the long term thanks to “core strengths,” but he noted that 2009 has been a sobering year for millions of newly unemployed people. T
The National Medical Association, the nation’s oldest and largest group representing Black doctors, warns that the 2009 U.S. Preventive Services Task Force’s revised recommendations on breast cancer screenings could have serious implications for African-American women.