LONDON -- The British economy sank deeper into its longest recession on record, with figures released Friday showing an unexpected fall in third quarter gross domestic product that dashed hopes of a long-awaited turnaround here.
NEW YORK -- Even before the Obama administration formally tightened executive compensation at bailed-out companies, the prospect of pay cuts had led some top employees to depart.
President Obama will travel Friday to Massachusetts, one of only two states to implement a universal health-care program similar to his ambitions for the entire country. But he does not plan to use the trip to make his case for far-reaching reform; he will tout clean energy and raise money for th...
A December start date for Dulles International Airport's new gate-to-terminal train service appears increasingly unlikely after it failed to pass an important reliability test for the second time, officials say.
The world's policymakers and scientists have made a critical error in how they count biofuels' contribution to human-generated greenhouse-gas emissions, according to a paper published Thursday in the journal Science.
The House of Representatives, ever the rowdier and more populist of the two chambers of Congress, has been the scene of incessant partisan warfare in 2009, as each party appears to be in a near-constant state of outrage over the behavior of the other.
It won't be called stimulus. And it won't cost anything close to $787 billion. But, despite record budget deficits, House leaders plan to pour more cash into piecemeal measures aimed at creating jobs and maintaining a safety net for the unemployed in hopes of preventing a still-fragile economy fr...
DULUTH, MINN. -- A horn blasts, seagulls screech and tourists clap as the longest ship in the Great Lakes, the 308-meter Paul R. Tregurtha, glides through Duluth's canal and heads into Lake Superior, loaded down with coal bound for Midwestern power plants.
NEW YORK -- The Obama administration plans to order companies that have received exceptionally large amounts of bailout money from the government to slash compensation for their highest-paid executives by about half on average, according to people familiar with the long-awaited decision.
The U.S. government's stake in General Motors is currently worth about $25 billion, or about half the amount it poured into the ailing automaker, the former chief of the Obama administration's task force on the auto industry said Wednesday.
Fears of inflation and large U.S. budget deficits drove the dollar on Wednesday to its weakest level since August 2008 and helped push oil prices to their highest in more than a year.
