Search results for

President Obama travels to Mexico, which is torn by drug violence as warring cartels battle for control. The visit on Thursday is meant as a show of support for President Felipe Calderon, and to underscore the importance his administration places on relations with Mexico.

President Barack Obama traveled to Denver Tuesday to sign the economic stimulus bill. Approved by Congress on a largely party-line vote last week, the bill is designed to inject nearly $800 billion into the economy through tax cuts and new federal spending.

Last year, private-equity firm Lone Star Funds bought up nearly $6.7 billion of Merrill Lynch's credit debt obligations at 22 cents on the dollar. Could that be the private model the Treasury Department wants others to duplicate? Simon Johnson, a professor at MIT and a former chief economist at the International Monetary Fund, offers his insight.

Barbara and Gary Ratner, who live in Atlanta, aren't eligible for unemployment assistance, so they're seeking creative ways to make ends meet. The couple — in their 60s — have drawn $10,000 out of retirement and are considering dropping their health insurance.

The first NASA study of astronaut crew safety since the 2003 Columbia disaster was released Tuesday. While scientists found that there was nothing that could have been done to prevent that disaster, they did look into preventing other problems before they could come up.

Investors were left holding a $50 billion bag this week when money manager Bernard Madoff admitted to what could be the largest Ponzi scheme ever. Barbara Flood lost a great deal of money in the fraud case.

The White House is considering the designation of a new marine reserve in the Northern Mariana Islands, but it may not get the same amount of protection as an area created two years ago near Hawaii. The same could be true for other sites in the Pacific that are also under consideration.

On the 400th anniversary of the birth of John Milton, fans around the world are celebrating with literary events, exhibits and readings of Milton's famous epic poem, Paradise Lost.

The Dow Jones industrial average has fallen below 8,600 points for the first time since 2003. Cary Leahey, senior economist with Decision Economics, says many of the Bush administration's moves have come too late and the market is trading off of "fear and just more fear."

The Dow Jones industrial average has plummeted, closing below 10,000 points for the first time in four years. Ted Weisberg, a floor trader at the New York Stock Exchange, says much of stock trading is driven by human emotion and the decision-making process is being driven by fear and concern.