To stabilize US economy and the financial system, the Federal Reserve has announced to offer another $800bn stimulus. According to the US Treasury Secretary Henry Paulson, the package has been announced for the availability of more lending to consumers. The new package will be used to buy mortgage-backed securities and thaw out the freezing consumer Read more
According to the US Commerce Department, a 3.3 percent growth was noted in the US economy during the second quarter and it was much higher than the expected 1.9% growth. This growth is being considered a result of strong exports, weaker dollar and tax rebates that help to boost consumer spending. During the first quarter, Read more
During July a considerable surge was noticed in wholesale inflation that left the increasing prices at the fastest pace in almost thirty years. After that recent drop in oil and other commodity prices, there are hopes that inflation may be bridled, but some economists believe that it will take some more time to ease that Read more
The economy of the United States is getting boosted by the regimes’ $168bn (£84bn) spur package, as said by the US Treasury Secretary Henry Paulson. The governmental findings highlighted that Gross Domestic Product (GDP) enhance at a rate of 1.9% from 0.9% annually amid April and June. Mr. Paulson estimated that the United States economy Read more
WASHINGTON: The regime funds insufficiency would rush forward past half-trillion dollars coming year, according to ominous new projections, a record downpour of red ink that compromises to force the winner of the presidential contest to spectacularly change his monetary agenda. The shortage would knock around $482 billion in the 2009 budget year that would be Read more
Last week, the oil prices reached above than $139 that led millions of the American towards anger, agitation and slogans against the regime of the U.S. In this regard, the president Bush announced that high oil price is the concerning issue but not tough to combat with high oil prices and inflation. The United States Read more
Some Currency experts predict It was, no doubt, a great come back when the greenback got back the lost glory during April. But some currency experts are of the view this glory is transient and it will not prove long lasting. All we can say the dying dollar showed some signs of life during the Read more
A weaker dollar and a hazard about supply caused oil futures increased to all time high as around $121 a barrel on Tuesday. After the release of data on Monday that reported an unexpected enhancement in the U.S. service sector in April, the oil prices raised by the hopes that U.S. economy will revive after Read more
City cuts down jobs In United States of America, there has been a great decline in job market.Every day, numbers of people have been badly cutting from employments due to heavy industrial and market losses.Meanwhile the Citifaction has announced just a few time ago that they have cut down 9000 additional jobs in United States Read more