Because of lax oversight, undeserving companies collected millions in federal contracts from an $8 billion government program designated for small businesses in poor neighborhoods, congressional investigators charge.
President Barack Obama should specifically address disparities in black unemployment, foreclosures, education and health care, the National Urban League says in its annual "State of Black America" report.
President Barack Obama seemed to have as much fun Tuesday talking to the 10 astronauts in orbit about e-mailing, fitness and Tang as the children who surrounded him at the White House and took part in the call.
President Barack Obama looked to steer the nation's economic attention back to the big picture Tuesday night, away from recent days' micro-focus on outrage over bonuses paid to executives of the federally rescued insurance giant AIG.
The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors.
With the 2010 census looming, tens of millions of residents in mostly dense urban areas such as Los Angeles and New York are at high risk of being missed due to language problems and a deepening economic crisis, government officials said Monday.