In a measure of how quickly its options are shrinking, the United States is about to embrace an economic theory that widely was thought to have been discredited for most of the last generation: the idea that great bursts of deficit-funded government expenditure can jolt an economy back to growth. ...more

February 9, 2009

President-elect Barack Obama called the latest U.S. job losses on Friday "a stark reminder of how urgently action is needed" to revive the nation's staggering economy. He said he was open to fresh ideas from Congress. ...more

January 9, 2009

Times have changed. In 1996, President Bill Clinton, under siege from the right, declared that "the era of big government is over." ...more

December 30, 2008

A top adviser to President-elect Barack Obama said Sunday that the country's slowing economy won't keep the new administration from fulfilling its plans for a middle-class tax cut. ...more

December 29, 2008

President-elect Barack Obama's administration needs to monitor war spending much more closely than the current White House has, according to a new study that criticized President Bush's approach to funding the Iraq and Afghanistan wars - a bill that is projected to approach nearly $1 trillion next year. ...more

December 26, 2008

Vice President-elect Joe Biden says lawmakers from both parties have urged the incoming administration to be big and bold with its economic aid plan next year despite the huge deficits being created. ...more

December 20, 2008

If confirmed as attorney general, Eric Holder may have to consider removing himself from overseeing the Chicago corruption probe that ensnared Illinois Gov. Rod Blagojevich, legal experts say. ...more

December 14, 2008

American combat troops will remain inside Iraqi cities to train and mentor Iraqi forces after next summer, despite a security agreement that calls for their withdrawal from urban areas by June 30, the top U.S. military commander said Saturday. ...more

December 14, 2008

President-elect Barack Obama will announce the leaders of his economic team Monday, naming Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said. ...more

November 23, 2008

To make up for losing the recent referendum for change in the nation's governance, the losers have come up with a snappy comeback: a coup. ...more

November 23, 2008