US to keep near zero interest rate for 2 years

2011-08-10 06:25:51

The Federal Reserve said it was considering further action, sparking a rebound in stocks.

Wall St sinks as fear jumps on historic downgrade

2011-08-09 06:33:52

US stocks plunged on Monday, taking the S&P 500 down more than 6 percent on growing fears of a recession, exacerbated by the loss of its AAA credit rating.

Economy will send markets lower

2011-08-08 08:29:56

US investors will have their first chance Monday to react to Standard & Poor's decision to strip the US government of its top credit rating.

Talks try to calm nervous markets

2011-08-08 07:54:48

Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the US that are causing market turmoil.

Time for US to take responsibility

2011-08-08 06:52:13

The White House on Saturday challenged the ruling by Standard & Poor's to downgrade US long - term credit rating form top rank of AAA to AA+

Wall Street closes worst week since '08

2011-08-06 15:55:55

Stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point.

US loses AAA credit rating from S

2011-08-06 10:56:31

The US lost its top-notch rating in an unprecedented reversal of fortune for the world's largest economy.

Dow falls 512 in steepest decline since 2008

2011-08-05 07:15:08

Gripped by fear of another recession, the Dow Jones industrial average fell more than 500 points, its ninth-steepest decline.

Obama signs debt bill but hardly happy with deal

2011-08-03 08:31:49

President Barack Obama signed emergency debt-limit legislation to avoid an unprecedented national default that he said would have devastated the US economy.

Moody's backs US triple-A rating; outlook negative

2011-08-03 08:26:02

Moody's Investors Service said Tuesday that the United States will retain its triple-A bond rating following passage of legislation to boost the debt ceiling.

Obama signs bill to raise US debt ceiling

2011-08-03 06:29:41

US President Barack Obama Tuesday afternoon signed a bipartisan bill of raising the nation's debt limit into law.

Putin says US is 'parasite' on global economy

2011-08-02 06:45:55

Russian Prime Minister Vladimir Putin accused the United States on Monday of living beyond its means "like a parasite" on the global economy.