Washington - Democratic presidential candidate Barack Obama said he intends to ask former secretary of state Colin Powell to serve as an advisor if he wins the White House.
"He will have a role as one of my advisers," Obama said Monday on NBC television. "He's already served in that function, even before he endorsed me."
Powell, a retired general and longtime Republican who advised Ronald Reagan and the first George Bush before becoming the top US diplomat on the current president's first term, said Sunday on Meet the Press that he was supporting Obama.
Washington - US growth will remain weak for "several" quarters as the world's largest economy works through a financial and housing crisis that has sharply reduced spending, Federal Reserve Chairman Ben Bernanke warned Monday.
Amid fears that the US has already dipped into a recession, Bernanke told a congressional hearing that a second fiscal stimulus package could help kick-start the economy.
Washington - A key gauge of the US economy improved slightly in September, the first rise in five months despite an ongoing financial crisis and fears of a recession in the United States.
Los Angeles - Richard Blackwell, the former actor and model who became the scourge of the fashion world with his annual list of "worst dressed" celebrities, has died in hospital at the age of 86, the Los Angeles Times reported Monday.
His withering evaluations of the fashion sense of movie stars, music icons and European royalty helped turn him into a household name from the 1960s through the '80s.
Some of his earliest barbs targeted style icons like Marilyn Monroe, Sophia Loren and Elizabeth Taylor, whose "plump" figures and revealing clothes reminded him of "the rebirth of the zeppelin," he wrote in 1963.
Washington - US growth will remain weak for "several" quarters as the world's largest economy works through a financial and housing crisis that has sharply reduced spending, Federal Reserve Chairman Ben Bernanke warned Monday.
Amid fears that the US has already dipped into a recession, Bernanke told a congressional hearing that a second fiscal stimulus package could help kick-start the economy.
Congress passed a 150-billion-dollar stimulus package in the spring, offering tax rebate cheques that raised consumer spending and helped boost growth in the second quarter.
Washington - Democratic presidential candidate Barack Obama said he intends to ask former secretary of state Colin Powell to serve as an advisor if he wins the White House.
Washington - US growth will remain weak for "several" quarters as the world's largest economy works through a financial and housing crisis that has sharply reduced spending, Federal Reserve Chairman Ben Bernanke warned Monday.
Washington - US growth will remain weak for "several" quarters as the world's largest economy works through a financial and housing crisis that has sharply reduced spending, Federal Reserve Chairman Ben Bernanke warned Monday.
