United States

US unveils more aid for homeowners as price collapse eases

US unveils more aid for homeowners as price collapse eases Washington - The US government proposed more aid to struggling homeowners on Tuesday, while a private group reported that a record housing price collapse in the country may finally be easing. The Treasury Department announced it would help homeowners modify their second mortgages and would make it easier for people that are unable to sell their homes to refinance into government-backed mortgages. President Barack Obama has said he will spend as much as 75 billion dollars to help people stay in their homes.

Swine flu cases rise to 64 in five US states

Swine flu cases rise to 64 in five US states Washington - The number of human swine influenza cases in the United States increased to 64 Tuesday in five states, the US Centres for Disease Control and Prevention (CDC) said. The worst-affected was New York City, with 45 cases, while California reported 10 cases. There were 6 cases in Texas, 2 in Kansas and 1 in Ohio.

Those who have fallen ill in the US range in age from 7-54 years, with a median age of 16 years. There have been no deaths in the US.

Long-serving US Republican Senator switches sides

Long-serving US Republican Senator switches sides Washington - Senator Arlen Specter, who has served as a Republican in Congress for nearly 30 years, announced Tuesday that he has switched parties and will now join the majority Democrats. The Pennsylvania senator's defection bolsters Democratic control of the Senate and enhances President Barack Obama's ability to push through his ambitious legislative agenda in Congress.

Report: Chrysler and creditors reach last-minute deal

Report: Chrysler and creditors reach last-minute deal Washington - Chrysler LLC reportedly reached a deal Tuesday with its creditors to write off nearly 7 billion dollars in debt, just days before a government ultimatum for the ailing US carmaker to restructure or face bankruptcy. In a deal brokered by the Treasury Department, bank representatives have agreed to forgo 6.9 billion dollars in debt in exchange for 2 billion dollars in cash, Bloomberg News reported, citing unnamed government officials.

Iran's judiciary denies journalist in spy case is on hunger strike

Iran's judiciary denies journalist in spy case is on hunger strike

US consumer confidence jumps in April

US consumer confidence jumps in April Washington - Cons

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