President Barack Obama said Tuesday that he and his central bank believed the U.S. economy was continuing to strengthen despite a plunge in consumer confidence in June.
Supreme Court nominee Elena Kagan on Tuesday fought off Republicans who were trying hard to paint her as a liberal activist, saying she'd be a fair, open-minded justice and refusing to call herself a "legal progressive."
David Villa scored again and Spain booked their place in the quarter-finals with a 1-0 win over Portugal at the Green Point stadium on Tuesday.
The Obama administration will award $2.3 billion in high-speed rail money this year, a boost to California's dream of capturing annual funds to build a bullet-train project that critics say the state cannot afford.
Big banks such as Bank of America Corp. are likely to absorb the biggest profit hit from the financial reform legislation headed toward President Barack Obama's desk, according to analysts sifting through the bill's fine print.
To some, the biggest challenge arises from the fact that G20 leaders failed in Toronto to work out a much-needed coordination in a reformed global financial mechanism which is required to tackle the much-entangled financial and economic crises the world over.