The White House is seeking to renew President George Bush’s fast track authority to negotiate the global trade talks. The White House has urged the congress to renew this special power of the president to negotiate a trade deal which is schedule to expire on 1 July. However, renewal of the aut[...]
Posts Tagged ‘White House’
May 7th, 2012 - 1:18 pm § in News Of Economy
US House approves executive compensation reform bill amid White House opposition
The US House of Representatives has approved a bill on Friday to provide shareholders the right to cast non-binding votes on the salary of top company executives, giving investor advocates a significant triumph and confronting the Bush administration. The House overwhelmingly passed the bill that wo[...]
April 15th, 2012 - 8:45 am § in News Of Economy
Bush administration downgrades its forecast for US economic growth this year
A lethargic first quarter economic growth compelled the Bush administration to lower its US economic growth estimate for 2007. The White House has announced that it expects real gross domestic product to expand 2.3 percent this year, against its earlier forecast of 2.9 percent. However, despite the [...]
April 13th, 2012 - 7:10 am § in News Of Economy
White House at loggerhead with SEC, opposes third party class-action suits
The Bush administration dealt a heavy blow to lawsuits that accuse Enron Corp.’s investment banks of helping defraud shareholders out of billions of dollars, refusing to side with investors in a similar case at the US Supreme Court. In a lawsuit that harks back to the Enron scandal, the Bush a[...]
April 12th, 2012 - 7:07 am § in News Of Economy
White House at loggerhead with SEC, opposes third party class-action suits
The Federal Reserve in its latest Beige Book report on the economy gave a more encouraging assessment of US regional economies, as manufacturing and job growth picked up. The economy continued to expand at a moderate pace in most regions of the country, the report said. Consumer spending and manufac[...]