Obama names Clinton, Gates to lead foreign policy CHICAGO (Reuters) - U.S. President-elect Barack Obama named former rival Hillary Clinton as secretary of state on Monday and said Robert Gates would remain defense secretary in a national security team charged with recasting America's leadership role in the world.
Mon, 01 Dec 2008 15:10:10 -0500
Stocks slide as Bernanke confirms economic stress NEW YORK (Reuters) - Stocks tumbled on Monday as economic reports showing further evidence of the worsening global economic climate were backed up in comments from Federal Reserve Chairman Ben Bernanke.
Mon, 01 Dec 2008 13:34:39 -0500
India demands swift Pakistan action over Mumbai MUMBAI (Reuters) - India on Monday demanded Pakistan take swift action over deadly attacks in Mumbai it said were carried out by militants from its rival neighbor.
Mon, 01 Dec 2008 14:40:46 -0500
U.S. in recession as Europe debates spending hikes WASHINGTON (Reuters) - The U.S. economy has slumped into a recession, the nation's business cycle arbiter declared on Monday, while European leaders clashed over how much public money to spend tackling a deepening downturn.
Mon, 01 Dec 2008 15:09:17 -0500
House to push $500 billion stimulus bill WASHINGTON (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 billion.