Namibia's government has agreed that Namdeb, its diamond mining joint venture with De Beers, should halt production for up to four months because the global economic downturn has slashed demand, officials said Wednesday.
The administration wants Congress to act quickly on legislation that would give it sweeping new powers to seize financial firms whose collapse could jeopardize the U.S. economy, Treasury Secretary Timothy Geithner said Wednesday.
President Barack Obama claimed early progress Tuesday night in his dogged campaign to lead the nation out of economic chaos and declared that despite obstacles ahead, "we're moving in the right direction.
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.