The new bipartisan budget deal will be approved, but not everyone is going to be happy about it, Rep. Tom Cole, R-Okla., predicted on CNBC Wednesday.» Read More
China's President Hu Jintao gave qualified support to an Australian initiative on climate change on Thursday as a rift opened at the APEC meeting over the "Sydney Declaration" and its targets for cutting greenhouse gas emissions.
U.S. President George W. Bush said on Wednesday it would help to balance trade if China floated its currency, which has been allowed to appreciate gradually in the past two years but remains tightly managed.
After a lightning visit to Iraq, U.S. President George W. Bush arrives in Australia on Tuesday where he can expect anti-Iraq war protests as he attends an Asia-Pacific leaders' summit in Sydn
Stocks rallied after President Bush outlined his plan to help distressed homeowners, and Federal Reserve Chairman Ben Bernanke said the Fed will act as needed to address credit concerns.
President Bush tried to calm financial markets by announcing proposals intended to prevent homeowners from defaulting on risky mortgages.
It's been easy over the last few months to feel a bit sorry for Hank Paulson. He left Goldman Sachs, reluctantly, to lead President Bush's second-term Treasury in the belief that his skills might help solve two thorny problems: deteriorating political sentiment toward China's rising economic might, and the long-term insolvency of the U.S. entitlement programs as the Baby Boom generation heads toward retirement.
Karl Rove, close political adviser to U.S. President George W. Bush and a lightning rod for anger among Democrats, has said he will leave the White House at the end of this month.