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Congress Republicans wary of Obama economy plan (Reuters) (Sep-7, 21:35 EDT )-- Reuters - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.
Reid blames Bush, Wall Street for sick economy (AP) (Sep-7, 19:42 EDT )-- AP - Senate Majority Leader Harry Reid knows who's to blame for the sickly economy. And it's not him.
US provides relief for floods in Guatemala (AFP) (Sep-7, 18:29 EDT )-- AFP - The United States said Tuesday it has requested 50,000 dollars in emergency aid for flood-hit Guatemala and reprogrammed another 4.38 million dollars in economic aid for recovery efforts.
Summary Box: Obama's tax-break plan no fast fix (AP) (Sep-7, 16:48 EDT )-- AP - NO QUICK CURE: Even if they were enacted soon, President Barack Obama's proposed tax breaks for businesses would hardly be a fast fix to bolster hiring or the economy, analysts say.
Interest rates dip at weekly Treasury auction (AP) (Sep-7, 16:18 EDT )-- AP - Interest rates on short-term Treasury bills fell in Tuesday's auction to the lowest levels since late June.
A look at economic developments around the globe (AP) (Sep-7, 15:59 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Tuesday:
Obama's tax-break plan is seen as no quick cure (AP) (Sep-7, 15:56 EDT )-- AP - Even if they were enacted soon, President Barack Obama's proposed tax breaks for businesses would hardly be a quick fix to rejuvenate hiring or the economy, analysts say.
Grim outlook for Democrats puts House up for grabs (AP) (Sep-7, 15:34 EDT )-- AP - Their control of the House in peril, Democrats are playing defense all across the country. Disgruntled voters, a sluggish economy and vanishing enthusiasm for President Barack Obama have put 75 seats or more - the vast majority held by Democrats -...
Suddenly, a raft of tax-break proposals from Obama (AP) (Sep-7, 15:11 EDT )-- AP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.
Summary Box: Worried investors turn to gold (AP) (Sep-7, 15:01 EDT )-- AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy.
Gold settles at record high amid economic fears (AP) (Sep-7, 15:00 EDT )-- AP - Gold prices settled at a record high Tuesday following renewed worries about European banks and the global economy.
Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool) (Sep-7, 14:47 EDT )-- The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.
Summary Box: Obama to push for business tax breaks (AP) (Sep-7, 14:35 EDT )-- AP - NEW MOVES TO AID ECONOMY: President Barack Obama will call on Congress to pass new tax breaks for businesses, a move aimed at spurring more economic growth and job creation.
Congress Republicans wary of Obama economy plan (Reuters) (Sep-7, 13:55 EDT )-- Reuters - Republicans in the Congress showed little willingness to help President Barack Obama approve $350 billion worth of measures to boost the economy with midterm elections less than two months away.
Ex-budget chief differs with Obama on U.S. tax cuts (Reuters) (Sep-7, 13:19 EDT )-- Reuters - Tax cuts should be extended for all Americans to help spur the economy, but even the middle-class cuts should end in two years, former U.S. budget director Peter Orszag said on Tuesday.
Small investors quitting Wall Street: SEC boss (AFP) (Sep-7, 12:06 EDT )-- AFP - The head of the US stock market watchdog said on Tuesday that individual investors have been turning away from equities since a May crash that exposed weaknesses in Wall Street's trading structure.
NY AG Cuomo strikes student credit-card reform agreement (Reuters) (Sep-7, 11:59 EDT )-- Reuters - The State University of New York has adopted new practices to help prevent students from falling victim to deceptive credit card marketing that can burden them with too much debt in tough economic times.
London gridlock as transport strike brings chaos (Reuters) (Sep-7, 11:47 EDT )-- Reuters - Millions of commuters across the British capital struggled to get to work on Tuesday as a 24-hour strike by workers on London's underground rail system crippled much of the network, hurting the city's convalescent economy. Passengers took to...
Aid groups using cellphones to reach the world's poor (Sep-7, 11:36 EDT )-- SEATTLE - For the world's poorest, cellphone technology carries opportunity, aid groups say, as text messages and other mobile applications have created a new platform to reach the most remote farms and crowded urban slums of Africa, Asia and Latin...
Cuba to expand use of employee-run cooperatives (Reuters) (Sep-7, 10:47 EDT )-- Reuters - Cuba will soon turn some small-scale manufacturing and retail services into cooperatives as the state retreats from minor businesses in an effort to boost the island's troubled economy, government and Communist Party sources said.
Official: Obama to back more business tax breaks (AP) (Sep-7, 08:52 EDT )-- AP - President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of...
Republicans could handle US economy better: poll (AFP) (Sep-7, 08:31 EDT )-- AFP - Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats, according to a new national poll released Tuesday.
U.S. companies cut more aggressively in downturn (Reuters) (Sep-7, 08:09 EDT )-- Reuters - U.S. employers were more aggressive about cutting jobs and otherwise lowering costs during the recession than their peers in other parts of the world, according to a global study by Towers Watson and Co , a global consultancy and professional...
AP analysis: Economic pain failed to ease in July (AP) (Sep-7, 06:02 EDT )-- AP - Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.
Samsung warns DRAM oversupply on weak PC sales (Reuters) (Sep-7, 06:00 EDT )-- Reuters - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.
20 most stressed, 20 least stressed counties (AP) (Sep-7, 05:59 EDT )-- AP - Here are the 20 most economically stressed counties with populations of at least 25,000 and their July 2010 Stress scores, according to The Associated Press Economic Stress Index:
AIG seeks Sept 21 approval for AIA IPO: sources (Reuters) (Sep-7, 05:32 EDT )-- Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
As Democrats fear rout, Obama launches jobs push (AFP) (Sep-7, 04:16 EDT )-- AFP - US President Barack Obama has pledged 50 billion dollars to create jobs in a massive transportation infrastructure campaign, targeting huge unemployment and ripping resurgent Republicans.
World stocks rise on hopes that U.S. economy can avoid returning to recession (Sep-7, 03:18 EDT )-- World stocks rise on hopes that the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in the United States and Europe. Economy of the United States - Business -...
Oil falls below $74 as traders look to US economy (AP) (Sep-7, 02:15 EDT )-- AP - Oil prices fell to near $74 a barrel Tuesday in Asia as investors mull the strength of the U.S. economy and demand for crude.
Strong yuan would hurt China: economists (Reuters) (Sep-6, 23:43 EDT )-- Reuters - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.
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