The $1 billion " Car Allowance Rebate System," known by most everyone as "cash for clunkers," pays consumers between $3,500 and $4,500, depending on the fuel mileage of the new vehicle, to trade in their old, presumably gas-guzzling and polluting vehicles.
The $787-billion economic stimulus act that Congress approved in February at the urging of President Obama has helped "change the trajectory" of the nation's economy, White House economic adviser Christina Romer said Thursday, and the administration is on track to spend 70 percent of the money by the end of the next fiscal year.
U.S. Secretary of State Hillary Rodham Clinton, on a seven-nation, 11-day diplomatic tour of Africa, is preaching both love and war. Those who work hard, are not corrupt and respect the rule of law will be friends with Washington, but those who try to mess up their countries won’t get a thing.
U.S. Secretary of State Hillary Rodham Clinton on Thursday pledged to "expand and extend" American support for Somalia's weak interim government as it struggles against Islamist extremists believed linked to al-Qaida.
Delta Air Lines Inc., the world's biggest airline operator, is planning to cut more management and administrative jobs, but isn't saying how many, according to a recorded message and a memo from top executives.