Search results for

A brutal wave of drug violence is ravaging cities near the U.S.-Mexico border, and governments of both countries pointed fingers at each other this week over who's to blame.

In his weekly radio address Saturday morning, President Obama said his $3.6 trillion budget proposal reflects the priorities of the voters he met on the campaign trail, but he acknowledged not everyone shares those priorities.

The government said Friday the economy shrank at an annual rate of 6.2 percent. Meanwhile, the Treasury Department announced it is converting some preferred shares it owns in Citigroup to common stock, a move that helps stabilize the bank, but increases risks for taxpayers.

President Obama unveiled his budget for 2010 on Thursday. Democrats praised the president's commitment to expanding health care coverage, education funding and clean energy. Republicans were skeptical — especially about plans to raise taxes on businesses and wealthy households.

President Barack Obama unveiled a $3.6 trillion spending plan that pushes this year's deficit to levels not seen seen World War II. Longer term, though, the budget seeks to cut the deficit back to size by 2013. The budget can also be seen as a blueprint for the president's ambitious policy goals.

The Taliban is reorganizing in Pakistan's tribal belt in preparation for the arrival of 17,000 U.S. troops across the border in Afghanistan. It doesn't want to fight on two fronts so it is no longer interested in waging war with the Pakistani army.

President Barack Obama spoke to a joint session of Congress for the first time last night before a national audience. He outlined an ambitious plan to repair the national economy, and reemphasized his commitment to health care, and education as top priorities. But some Republicans are skeptical of Obama's agenda.

Texas sheriffs have erected surveillance cameras along the border with Mexico and connected them to the Internet, inviting people to help catch drug smugglers and illegal immigrants. Since November, more than 43,000 people have signed up as online monitors for the controversial program.

A new kind of tourist package is being offered in China. Call it the "U.S. Real Estate Bottom-Fishing Tour." The first of 40 Chinese real estate shoppers are looking in the U.S. this week to buy for foreclosure properties and other housing bargains.

At the annual Oscar gala, the cameras flash and reporters ask whose clothes you're wearing. But they only offer a glimpse of nominees and their escorts. This Sunday, commentator Peggy Orenstein will walk the red carpet with her filmmaker husband — another time.