Washington - US President Barack Obama said Wednesday he hopes to keep between 7 and 9 million homeowners out of foreclosure, using 75 billion dollars to stabilize a housing crisis that is at the heart of the country's deepening recession.
Obama unveiled plans offering aid to homeowners struggling to pay their mortgages, to relax rules on mortgage refinancing and to help neighbourhoods raise property values by renovating already foreclosed properties.
Mesa (Arizona, US), Feb. 18 : President Obama is likely to visit the training facility of the Chicago Cubs on Wednesday morning, though they know that he is a diehard Chicago White Sox fan.
"He's more than welcome. I'm a big fan of President Obama," said first baseman Derrek Lee, who contributed to Obama's campaign.
"I just signed a baseball for him, so maybe that will help," the Chicago Sun Times quoted him, as saying.
Washington, Feb. 18 : A bronze bust of the former prime minister Sir Winston Churchill, which British Government loaned to George W Bush in the wake of the 9/11 attacks as a symbol of the strong transatlantic relationship, has now been handed back.
Washington, Feb 18 : US President Barack Obama has approved sending 17,000 more American troops for the flagging war in Afghanistan to change the course of a conflict that his closest military advisers have warned the United States is not winning.
"This increase is necessary to stabilize a deteriorating situation in Afghanistan, which has not received the strategic attention, direction and resources it urgently requires," Obama said in a statement.
Washington - US President Barack Obama has signed off on sending at least 10,000 more troops to Afghanistan and an announcement on the deployment could come later Tuesday, US television reported.
This would be the first deployment of a larger buildup expected to take place in Afghanistan this year to counter a resurgent Taliban and al-Qaeda that has brought about some of the worst violence in years.
Washington - The centrepiece of Barack Obama's economic rescue plans will become law Tuesday, the culmination of a six-week process full of partisan wrangling that handed the US president his first significant victory since inauguration.
Obama is to sign a 787-billion-dollar economic stimulus bill at a ceremony in Denver, Colorado. The largest single spending measure in US history is intended to help the country recover from a year-long recession that many consider the worst since the Great Depression of the 1930s.
Washington - US President Barack Obama said Wednesday he hopes to keep between 7 and 9 million homeowners out of foreclosure, using 75 billion dollars to stabilize a housing crisis that is at the heart of the country's deepening recession.
Mesa (Arizona, US), Feb. 18 : President Obama is likely to visit the training facility of the Chicago Cubs on Wednesday morning, though they know that he is a diehard Chicago White Sox fan.
Washington, Feb. 18 : A bronze bust of the former prime minister Sir Winston Churchill, which British Government loaned to George W Bush in the wake of the 9/11 attacks as a symbol of the strong transatlantic relationship, has now been handed back.
Washington, Feb 18 : US President Barack Obama has approved sending 17,000 more American troops for the flagging war in Afghanistan to change the course of a conflict that his closest military advisers have warned the United States is not winning.
Washington - US President Barack Obama has signed off on sending at least 10,000 more troops to Afghanistan and an announcement on the deployment could come later Tuesday, US television reported.
Washington - The centrepiece of Barack Obama's economic rescue plans will become law Tuesday, the culmination of a six-week process full of partisan wrangling that handed the US president his first significant victory since inauguration.
