The White House is set to name Janet Yellen as the first woman to head the Federal Reserve, arguably the most important job in world finance, the Obama administration has confirmed.
Op-ed: The US government shutdown isn't just hurting the domestic economy, it's causing collateral damage to America's global economic standing.
September is a dangerous month.
As a general rule in life – and certainly, in applying for a job – your record counts.
As swingeing government cuts bite, critics may have questioned George Osborne's soul, but Barack Obama appears to have no such doubts about the chancellor.
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer says.
Rightwing US politicians who last year campaigned against the release of the drama Zero Dark Thirty for fear it could influence the outcome of the 2012 presidential election may have a new target in their sights.
Barack Obama warned on Saturday of a "ripple effect" through the US economy that would cost hundreds of thousands of jobs after he reluctantly signed an order to begin a huge $85bn (£56bn) programme of government cuts.
America's long-running fiscal cliff crisis was finally resolved on Tuesday night when Congress voted in favour of a White House compromise that will impose tax rises on the wealthiest and spare the working-class and middle-class.
President Barack Obama has demanded that Senate leaders strike a fiscal cliff deal by Sunday to avert the looming US economic crisis, or face a vote based solely on his own measures.