WASHINGTON — President Barack Obama said Friday he was plowing ahead with potential sanctions against countries that keep buying oil from Iran, including allies of the United States, in a deepening campaign to starve Iran of money for its disputed nuclear program.
NEW YORK — The stock market cleared another barrier Thursday in its long recovery from the Great Recession: The Standard & Poor’s 500 index closed above 1,400 for the first time since June 2008.
NEW YORK — U.S. stocks struggled for direction Monday, unsure of what to make of news about Greece’s debt workout and eclectic announcements from a few well-known U.S. companies, such as mattress maker Sealy and luxury retailer Michael Kors.
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WASHINGTON — North Korea raised hopes Wednesday for a major easing in nuclear tensions under its youthful new leader, agreeing to suspend uranium enrichment at a major facility and refrain from missile and nuclear tests in exchange for a mountain of critically needed U.S. food aid.
NEW YORK — Investors sent U.S. stocks barreling to their highest levels of the year Thursday, buoyed by slivers of encouraging news about jobs and housing. At least for a day, they overlooked the lack of clarity about Greece’s marathon negotiation for a bailout.
WASHINGTON — Treasury Secretary Timothy Geithner told Congress Tuesday that the president’s new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation’s wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.
WASHINGTON — The final weeks of 2011 were among the economy’s strongest as Americans shopped and traveled more, ending the year with a shot of optimism for 2012.