Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should act cautiously in lowering interest rates because of inflation risks, according to an interview published on Sunday.
President Bush has settled on Michael B. Mukasey, a retired federal judge from New York, to replace Alberto Gonzales as attorney general and will announce his selection Monday, a source familiar with the president's decision said Sunday evening.
Former Federal Reserve Chairman Alan Greenspan sharply criticizes President George W. Bush's administration and Republican congressional leaders in his memoir for putting political imperatives ahead of sound economic policies, several newspapers reported on Friday.
Here are some more highlights from our NBC/WSJ poll, which tells a lot about the state of the race for the White House. Though rivals question Hillary Clinton's "electability," she outpaces all of them in the public's assessment of qualifications for the presidency. 46% of Americans express confidence in her “skills and ability necessary to be president”...
President George W. Bush on Thursday ordered gradual troop reductions in Iraq but defied calls for a dramatic change of course, telling skeptical Americans the U.S. military role there will stretch beyond his presidency.
Public discontent with the Iraq war has slightly eased, increasing President Bush’s political maneuvering room at a critical point in debates over war costs and troop levels. Those shifts in public opinion remain modest. Yet only one in four Americans say troops should leave now regardless of conditions on the ground...
The report to Congress by Gen. David Petraeus, who is addressing a gathering of House members as I write this post, concludes that the Bush administration's troop surge in Iraq is achieving many of its military objectives. It will be used to justify the continued presence of large numbers of U.S. soldiers in the conflict, even if Petraeus has indicated the numbers...
President George W. Bush prepared for an Asia-Pacific summit in Australia, saying on Friday the United States would consider a peace treaty with North Korea if it gave up nuclear arms.
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.