AFP - An impassioned President Barack Obama Friday warned Americans must not turn on one another over religion, after rows over Islam sparked global fury, nine years after the September 11 attacks.
AP - Facing big Democratic losses in November, President Barack Obama blamed Republicans and election-year politics Friday for thwarting his efforts to do more to spur a listless national economy. He challenged Congress to quit squabbling and quickly approve "what we all agree on" — a reprieve for expiring tax cuts for the middle class.
AP - Facing big Democratic losses in November, President Barack Obama blamed Republicans and election-year politics Friday for thwarting his efforts to do more to spur a listless national economy. He challenged Congress to quit squabbling and quickly approve "what we all agree on" — a reprieve for expiring tax cuts for the middle class.
AP - President Barack Obama elevated his longtime adviser Austan Goolsbee to chairman of the Council of Economic Advisers on Friday, signaling his determination to stand by an economic team that has faced criticism for the slow pace of the recovery.
McClatchy Newspapers - WASHINGTON — Lonny and Robin Kocina started their business in the laundry room of their house more than 20 years ago, and they now employ about 45 people. However, they worry that Washington lawmakers are about to stifle their effort to keep their business growing.
Reuters - Enbridge Inc's 6A pipeline, the biggest of three key arteries that deliver most of Canada's crude oil exports to the United States, is still leaking oil in Illinois more than 24 hours after the spill that forced its closure was reported.
AP - A former U.S. Army intelligence officer credited with thwarting a suicide attempt by World War II Japanese leader Hideki Tojo is talking publicly about his exploits for the first time in 65 years.
AP - Fire crews tried to douse the remnants of an enormous blaze and account for the residents of dozens of homes Friday after a gas line ruptured and an explosion ripped through in a neighborhood near San Francisco, killing at least four people.
Reuters - Fidel Castro said on Friday his recent comment that communist-led Cuba's economic model does not work was badly understood and that what he really meant was that capitalism does not work.
AP - A two-stone ring with a rare triangular blue diamond the size of a quarter on a gold band with baguette-cut diamonds could bring at least $15 million when it is offered at auction in New York next month.
AP - For almost a decade, the anniversary of the Sept. 11 terrorist attacks was marked by somber reflection and a call to unity, devoid of politics. Not this time.
Reuters - The Dow and S&P 500 were on track on Friday to close the week with a seventh gain in the last eight sessions, a period that has seen investors worst fears about the economy start to dissipate.
Reuters - U.S. biotech company Genzyme Corp has begun laying off an unspecified number of employees, a move it said was unrelated to Sanofi-Aventis SA's takeover bid.
Reuters - A leading U.S. banking group is urging Basel Committee negotiators working on new international capital standards to ditch part of their proposal.
States are intensifying theirefforts to confront the challenge of winnowing down budget shortfalls by raising sales tax rates, increasing the number of items taxed, and more aggressively asserting nexus.
Reuters - President Barack Obama accused Republicans on Friday of holding the middle class hostage and defended his efforts to stimulate the sluggish economy as he tries to reverse grim election prospects for his fellow Democrats in November.
AP - The bodies of two men found Friday in swollen Texas waterways pushed the death toll caused by remnants of Tropical Storm Hermine to six, while a scaled-back search resumed for another woman swept away in flooding caused by a record drenching.
AFP - US President Barack Obama said Friday the "hole" left by the worst recession in decades was "huge" and admitted the recovery had been "painfully slow," but vowed his policies were working.
AP - An idled tour boat and nearby vessels made repeated, unanswered calls to the tugboat guiding the massive barge that hit and sank the smaller craft in the Delaware River, killing two Hungarian students, according to a preliminary federal report released Friday.
U.S. News & World Report - While the nation's real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers. Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009--and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping. ...
Reuters - President Barack Obama on Friday named a member of his inner circle as top White House economist and gave a strong personal endorsement to a leading candidate to run his new consumer protection bureau.
Reuters - President Barack Obama on Friday named a member of his inner circle as top White House economist and gave a strong personal endorsement to a leading candidate to run his new consumer protection bureau.
Reuters - Google Inc's Android software will become the world's second most popular operating system for cell phones this year, leapfrogging rival offerings from Microsoft Corp, Research in Motion and Apple Inc, according to a new report.
Reuters - All candidates vying to be the next so-called Sheriff of Wall Street say they will find the bad apples without overturning the applecart in the financial capital's fragile economic recovery.
AP - A surgical team amputated the arm of a conductor Friday to free him from the wreckage of a locomotive that struck a slow-moving freight train on tracks 50 miles east of Los Angeles.
AP - A federal judge said she will issue an order to halt the military's "don't ask, don't tell" policy, after she declared the ban on openly gay service members unconstitutional.
AP - Iran's president intervened to secure the release of Sarah Shourd, one of three Americans jailed for more than 13 months, in part because of her gender, a news agency reported Friday.
Reuters - Wholesale inventories surged the most in two years in July, adding to signs that economic growth in the third quarter of the year may prove a bit stronger than many forecasters had expected.
AP - The U.S. was slow to take seriously the threat posed by homegrown radicals and the government has failed to put systems in place to deal with the growing phenomenon, according to a new report compiled by the former heads of the Sept. 11 Commission.
McClatchy Newspapers - WASHINGTON — With his Democratic Party facing the prospect of huge congressional losses in November, President Barack Obama tried Friday to draw sharp distinctions between Republicans and Democrats, arguing that Republican plans "are the exact policies that got us into this mess."
AP - The imam leading an effort to build an Islamic center near the World Trade Center site says he has no plans to meet with a Florida pastor who had threatened to burn copies of the Quran.
Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .
AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.
AP - When it comes to fighting poverty, President Barack Obama says the most important thing he can do is to make the economy grow more quickly so that there are more jobs for everyone.
AP - President Barack Obama says that if voters weigh his economic policies against those of Republicans, then "the Democrats will do very well" in November.
The Upshot - On Thursday, a U.S. District Court judge in California struck down the military's ban on openly gay service members, ruling that the policy violates their First and Fifth Amendment rights guaranteeing free speech and due process under the law. (You can read the full decision here.) Awkwardly enough, the defendant in the case is the [...]
AFP - US President Barack Obama on Friday named Austan Goolsbee, an economics professor currently working in his administration, to chair the Council of Economic Advisors (CEA).
AFP - US President Barack Obama on Friday named Austan Goolsbee, an economics professor currently working in his administration, to chair the Council of Economic Advisors (CEA).
AP - President Barack Obama says his entire economic agenda is designed to stimulate growth and create jobs, despite his administration's reluctance to call his new proposals a "stimulus plan."