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Tuesday February 9, 2010
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Recession News is an EIN News Service for political professionals. Constantly updated news and information about U.S. politics.
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Latest Recession News

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  • Cognitive dissonance from the White House 9 Feb 2010 12:00 GMT
    ... trillion dollars per year. According to the White House they are anticipating one trillion dollar deficits over ... cycle that will lead to a double-dip recession. Yet there stands our president at the ... not the budget ... the deficit. Of course, Speaker of the House Nancy Pelosi has ...

  • Iraq inquiry: George Bush was determined to overthrow Saddam even if he obeyed UN, inquiry member hints 9 Feb 2010 01:12 GMT
    ... conditions for the biggest ever world wife recession. Anyone for 5 more years of labour ? ... the attack on The World Trade Center. U.S. counter-terrorism chief Richard A. Clarke attends an emergency ...

  • Euro zone woes foreshadow threat of U.S. debt 9 Feb 2010 11:20 GMT
    ... large and rising debts, most notably the United States. So the dollar's ascent could prove very ... Democrats and Republicans share control of the White House and Congress. That's based on the cynical ... product, a post-Second World War high. The recession has decimated tax revenue and forced the ...

  • America's budget: Clueless in Washington 9 Feb 2010 09:51 GMT
    ... stabilisers” that kick in during times of recession to help boost demand. Unemployment benefit is extremely limited. ... in times of recession they make painful cuts, firing workers and ending programmes—thus exacerbating the downturn rather ...

  • UPDATE 1-Summers: U.S. economy on mend but has ways to go 9 Feb 2010 16:39 GMT
    ... WASHINGTON, Feb 9 (Reuters) - Top White House economic adviser Lawrence Summers said on Tuesday that ... targeted tax credits for middle-class families. The U.S. unemployment rate fell in January to 9.7 ... had led to the financial crisis and recession. 'Of course, I support the proposals that ...

  • U.S. military power: When is enough enough? 9 Feb 2010 07:56 GMT
    ... U.S. military power: When is enough enough? - ... superpower addicted to overwhelming military might: the United States accounts for five percent of the world's ... grappling with the aftermath of the worst recession since the 1930s, is reaching a point where ...

  • Reportlinker Adds Pet Supplies and Pet Care Products: The U.S. Market and a Global Perspective 9 Feb 2010 19:11 GMT
    ... Pet Supplies and Pet Care Products: The U.S. Market and a Global Perspective Copyright 2010 ... households) Market Outlook State of the Market Recession Receding--Slowly Pet Market Impact Table 2-21: Percent of ... Table 2-33: Number of Pets in the United States by Type: 2000, 2002, 2004, 2006 and ...

  • Summers: U.S. economy on mend but has ways to go 9 Feb 2010 15:36 GMT
    ... Top White House economic adviser Lawrence Summers said on Tuesday that ... targeted tax credits for middle-class families. The U.S. unemployment rate fell in January to 9.7 ... had led to the financial crisis and recession. "Of course, I support the proposals that ...

  • McDonald's January global sales up, U.S. lags 9 Feb 2010 19:13 GMT
    ... results overcame a sluggish performance in the United States. Sales at restaurants open at least 13 ... each topped Wall Street expectations, while the U.S. fell short of the flat January same-store ... For the early part of the U.S. recession, McDonald's and some other fast-food chains benefited when ...

  • McDonald's Jan. global sales up, U.S. lags 9 Feb 2010 19:16 GMT
    ... same-store sales up better-than-expected 2.6 pct * U.S. same-store sales down 0.7 pct * McDonald's ... results overcame a sluggish performance in the United States. Sales at restaurants open at least 13 ... For the early part of the U.S. recession, McDonald's and some other fast-food chains benefited when ...

  • Washington locked in grip of severe weather 9 Feb 2010 22:31 GMT
    ... Washington locked in grip of severe weather Published: ... bipartisan meetings on the economy at the White House on Tuesday. But Joe Biden, who ... area’s resources. Already struggling with the deep recession, officials in Maryland, Virginia and the District ...

  • With Moody's credit warning, it's time for U.S. to suck in its deficit glut 9 Feb 2010 01:42 GMT
    ... really cut our deficit and end the U.S. status as indebted servant to China. The ... rating. Lose that rating status, and the United States would face a major loss of global ... going to balance itself just because the recession is technically over. So here are five ways ...

  • Study predicts 2010 rebound for U.S. aerospace industry 9 Feb 2010 02:11 GMT
    ... Study predicts 2010 rebound for U.S. aerospace industry A new study by the ... lead the U.S. economy out of the recession. “It may take some time to return to ... aerospace components and parts. Even though the United States continues to lead the world in the ...

  • Summers Is Wrong: U.S.-China Relationship Is Not Fine 9 Feb 2010 15:53 GMT
    ... of 43.1%-105.4% on American chicken parts, President Obama's chief ... China relationship. Summers downplayed friction between the U.S. and China, including charges that a recent ... So far, his education has cost the United States over a million manufacturing jobs and has ...

  • In Midst of Recession, Bundesliga Is Thriving 9 Feb 2010 06:57 GMT
    ... wants the world to know that even in these trying ... world, nearly 42,000 a game in modern stadiums; revenue that exceeded $2.7 billion (with player ... German clubs have played exhibitions in the United States during the summer, for example. “Our cooperation ...


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