WASHINGTON (AP) — President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday. The stock market soared on the news. Word of Geithner's ...
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WASHINGTON -- Congressional leaders told Detroit's Big Three automakers Friday they must show top executives are "making significant sacrifices and major changes to their way of doing business" as part of a plan to win $25 billion in bridge loans. House Speaker Nancy Pelosi, D-Calif., and Sen ...
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Rochester officials say members of Saudi Arabia's royal family spent enough during a visit to the Mayo Clinic to give the area's economy a shot in the arm. ROCHESTER, Minn. — Rochester officials say members of Saudi Arabia's royal family spent enough during a visit to the Mayo Clinic to give the ...
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President-elect Barack Obama has instructed his economic team to develop a plan to create 2.5 million jobs over the next two years, suggesting that he intends to push a more expensive package to stimulate the economy than he has so far proposed. Speaking during the Democrats' weekly radio address ...
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MYSTIC, Conn. -- Energy independence is still only a hypothetical goal for the U.S., but the owner of a tiny island off the coast of Connecticut says he has already achieved that feat and is offering his work as a model. Dean Kamen, inventor of the Segway and numerous medical devices, jokingly ...
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LIMA, Peru – Representatives of the U.S. and other nations trying to get North Korea to give up its nuclear weapons have agreed to meet next month to persuade the communist nation to comply with strict measures that would prove it is not hiding any active atomic programs. White House press ...
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CAPE CANAVERAL, Fla. (AP) -- Astronauts up on the international space station faced the longest and hardest spacewalk of their mission Saturday, a seven-hour-plus excursion to wrap up repair work on a gummed-up joint. As the crews of the orbiting shuttle-station complex focused on the greasy outdoor ...
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