Economy Live

President George W Bush presented his last budget to the nation. This is President Bush’s signature budget with the chunk of the spending being earmarked for the military in carrying out the President's pet campaign against terrorism. The $3.1...

In his final State of the Union address, President George W Bush has finally acknowledged that the US economy is in rather poor shape. President Bush’s address was significant in more than one way, besides being his last such Presidential address...

The US House has approved modest changes to President George W. Bush's record Pentagon budget proposal on Sunday; however, Democrats indicated plans to resurrect a more contentious debate over the Iraq war after the August recess. The House voted...

At the end of the high-level economic talks between Chinese and U.S. officials, the one thing that bothered President Bush most was the 'beef'. After a meeting with visiting Chinese Vice Premier Wu Yi, Bush said that he was really disappointed that...

The world has not gotten quite over what happened at the World Bank recently, and to make things even more interesting, it seems that IMF is also on the verge of witnessing a change at its helm. Rodrigo de Rato the managing director of the IMF has.

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...

There seems to growing strong reservation and unease over globalization among US legislators. Certainly, this is not a good sign for the deadlocked global trade talks and for that matter renewal of fast track trade negotiation authority for the...

The US trade deficit widened to all time high to $763.6 billion last year. The trade deficit shot up by 6.5 percent last year to hit a new record high. The trade deficit increased for the fifth time in a straight successive year. Primarily, last...

The U.S. president, George Bush has presented a $2.9 trillion budget to congress setting the stage for a confrontation with democrats. Keeping domestic spending restrained George Bush ambitiously plans to balance the budget in five years without...

The U.S. president George Bush has said that his budget plans for the current year will seek to reduce domestic spending. Bush in his weekly radio address stated, 'Cutting the deficit during a time of war requires us to restrain spending in other..