Rep. Sanford M. Levin, a 78-year-old liberal with close ties to the automobile industry, has been selected to chair the tax-writing House Ways and Means Committee, succeeding on an interim basis, at least, Rep. Charles Rangel, who was forced to step aside amid an ethics investigation. Levin ...
Transportation Secretary Ray LaHood said Tuesday that the government may recommend that all automobiles install brake-override systems to prevent the incidents of sudden acceleration that have forced the recall of millions of Toyotas. "We think it is a good safety device," LaHood said in answer to ...
Myanmar opposition leader Aung San Suu Kyi will apparently remain under house arrest for at least another year, her lawyer says, after the Supreme Court of the country also known as Burma turned down her latest appeal. Suu Kyi, who has been held by the country's military junta for 14 years, was ...
Global trade fell 12 percent last year, the most dramatic decline since World War II, the head of the World Trade Organization said Thursday. WTO Director General Pascal Lamy said the latest numbers were worse than the 10 percent decline analysts had predicted for 2009, The Guardian reported. ...
The head of Toyota's American sales operation told a House committee on Tuesday that the automaker's massive recall might not solve the problem of sudden acceleration in its vehicles. James Lentz testified that there's no hard evidence that a faulty electronics system was to blame for the ...
As he focuses more on domestic issues, such as the economy and health care, President Obama plans to make fewer overseas trips in 2010. As part of a scaled back travel schedule, the White House said the president would skip an annual summit with the European Union this summer, according to The ...
Following are highlights from President Obama's State of the Union address: - We all hated the bank bailout. . . . It was as popular as a root canal. . . . When I ran for president, I promised I wouldn't just do what was popular – I would do what was necessary. And if we had allowed the ...
Robert A. Mosbacher, the Texas oilman who served as commerce secretary under President George H.W. Bush and was a GOP booster for fifty years, died Sunday in Houston of pancreatic cancer. He was 82. The Houston Chronicle, in its obituary, called Mosbacher "perhaps the Republican Party's greatest ...
The Commerce Department said Friday that the U.S. trade deficit dropped in August to $30.7 billion, down from a revised $31.9 billion in July. American exports were at their highest point so far this year, and a sharp decline in oil imports helped close in the trade gap from the other end. Stimulus ...
As world leaders met to discuss international economics and diplomacy in Pittsburgh on Thursday evening, police used tear gas and ear-splitting sirens to keep throngs of youthful anti-globalization protesters at bay. The demonstrators, many of them dressed in black and some wearing black masks, ...




