- 01:25 PM Rel Cap to buy majority stake in Quant Cap Group; ...
- 01:15 PM Sensex plummets over 3%; banks, realty, metals cra...
- 01:13 PM Book profits in L&T: Sonam Udasi
- 01:04 PM Oman Oil picks up 26% stake in BPCL refinery proje...
- 01:00 PM Hold Bharat Electronics; target of Rs 1850: Sharek...
- 01:00 PM Jai Corp plunges 6.2%
- 12:54 PM Subscribe to MBL Infra IPO with long term view: Sw...
- 12:50 PM Crude slips below $75/ bbl on concerns of Duba...
- 12:41 PM Buy pepper, jeera at decline of 1-1.5%:Nirmal Bang
- 12:34 PM Cement prices set to increase in North too: Sanjay...


US President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month.
Obama, who earlier signed a bill to extend jobless benefits and a homebuyer tax credit, said his team was studying new spending on roads and bridges, business tax cuts, refitting buildings to make them more energy efficient, easing the flow of credit to small businesses and boosting US exports.
"Although it will take time and it will take patience, I am confident that our economy will recover, I'm confident that we're moving in the right direction," he said in a statement delivered in the White House Rose Garden.
A senior White House official said Obama's team was looking to move forward in exploring several fresh job creation options in the coming weeks, rather than months, but was not able to offer any further specifics at this stage.
Obama faces pressure to deliver a second fiscal stimulus, on top of a USD 787 billion emergency bill he signed in February, after
But the White House said the first priority was to get the cash from that initial emergency bill spent.
"Our focus obviously continues to be on ensuring that that money gets out as quickly as it is prescribed," White House spokesman Robert Gibbs told a daily briefing.
Although
Americans remain troubled by the economic outlook and this anxiety was partly to blame for the defeat of of two Democratic politicians in governors' elections on Tuesday on whose behalf Obama had campaigned.
Although some economists think Obama should spend more money on boosting growth, others worry this could do more harm than good because it would increase the size of the government debt at a time when the country is already facing record budget deficits.
Obama, aware that such concerns can roil financial markets and drive up long-term US borrowing costs, went out of his way to point out that the bill to extend jobless benefits and a homebuyer tax credit would be deficit-neutral.
"The bill I signed will not add to our deficit. It is fully paid for and so it is fiscally responsible," he said.
Corporate Action Today
Important Events in Business Today
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Global mkts panic on Dubai's debt rescheduling
- Dubai jitters: Will bears overtake investor confidence now?
- Dubai crisis: Which Indian companies may be affected
- Nifty slips over 2%, breaches 4900 on Dubai's debt concerns
- Ashwani Gujral's top five picks for today's trade

- Indian mkts rattled from Dubai default impact
- MBL Infra IPO opens today; should you subscribe?
- Sensex ends 344 pts down; mkts see highest turnover ever
- Lanco Infra tying up funds for three power projects
Source: Business Line
- RIL units to get 20% of gas needs from D-6
Source: Business Line
- No need to ban cotton export, says Maran
Source: Business Line
- Karnataka hikes power tariff by 34.16 paise/unit
Source: Business Line













