President George W. Bush signed legislation Tuesday that frees businesses from having to pump billions into pension plans in the coming year, another sign of the nation's deepening economic crisis. The legislation has been a priority of business groups, which contend that some companies will have ...

The White House said Wednesday it had not ruled out that aid to troubled US automakers might total more than 25 billion dollars in an existing loan program it had insisted was the best rescue plan. "I'm not ruling anything in or out," spokeswoman Dana Perino said when asked about General Motors, Chrysler, and Ford's plea for aid ...

US President-elect Barack Obama will not be attending a summit of world leaders for economic crisis talks in Washington next week, his spokeswoman said Friday. Obama's transition spokeswoman Stephanie Cutter confirmed the president-elect would not be attending the upcoming summit. "As he said himself, there is only one president at a time," she told reporters after Obama's first ...

The White House said Friday that it did not expect US president-elect Barack Obama to have a seat at the table when world leaders meet for economic crisis talks in Washington next week. "We are in communication and coordination with them. I don't know whether someone will actually be in the building. I don't expect in the room ...