G20 nations are in danger of escalating currency wars, as each strives to give its exports a price advantage on the world market. Anxiety rises as finance ministers meet this week.
The International Monetary Fund gathering ended with nations going their own way on exchange rates. One reason: the difficult relationship between the US and China.
The world’s economic growth rate will be 4.8 percent this year, while the US rate will be 2.6 percent, the IMF predicted Wednesday.
CNN's debut of its latest prime-time news magazine show, with Eliot Spitzer and Kathleen Parker, was very earnest about trying to be serious and bipartisan. But it hit some jarring notes.
AIG plan involves converting bailout money into a common-stock ownership stake in the company, which the Treasury would sell over time. But the exit strategy isn't a quick or simple process.
Meg Whitman, California GOP gubernatorial candidate, is alleged to have employed a housekeeper from 2000 to 2009 even though she knew the woman was in the US illegally. It's a political bombshell for Ms. Whitman. The politics of household employment and immigration have proved tricky before. Here are six prominent cases, plus the allegations against Whitman.
Secretary of State Hillary Clinton announced US sanctions against eight Iranian officials Wednesday, citing human rights violations tied to the bloody crackdown after last summer's presidential election.
The American government hints at trade sanctions against China, but those won't address the core problems: China needs to keep its people employed, and America needs its consumers to start consuming.
Elizabeth Warren understands 'every American has to get a fair shake in their financial dealings,' Obama says.