In a bid to control Wall Street excesses, US President Barack Obama has unveiled a $500,000 cap on salaries of executives of firms getting a US taxpayer bailout.
US President Barack Obama said he "screwed up" on his pick for health secretary, Tom Daschle. The former Senate majority leader withdrew his nomination over allegations of unpaid taxes. Obama also lost another nominee over tax issues.
Canada's parliament approved a $40 billion (US $32 billion) economic stimulus package on Tuesday. Prime Minister Stephen Harper's minority government assured its own survival with the decision.
US President Barack Obama hqs said that the "Buy American" clause in the stimulus package up for debate in the Senate would be a mistake, after warnings from world leaders that protectionism could spark a trade war.
Former Senate majority leader Tom Daschle withdrew his nomination as President Barack Obama's health secretary over allegations of unpaid taxes. Obama called his pick a mistake, saying he "screwed up" on the choice.
Colombian FARC guerillas handed over former provincial governor Alan Jara to a Red Cross team, the first in three announced hostage liberations. Jara was captured in 200 as he was travelling along a rural road in a UN vehicle.
President Barack Obama on Tuesday nominated a Republican, Senator Judd Gregg, to serve as commerce secretary, replacing New Mexico governor Bill Richardson who withdrew his name last month.
The US Secretary of State Hillary Clinton said she intends to work with Israel and the Palestinian Authority to secure both long-term security for Israel and the creation of an "independent and viable" Palestinian state.
Venezuelan President Hugo Chavez celebrated 10 years in office on Monday, summarizing the past decade "in three words: revolution, independence, and socialism." He recently launched a campaign for indefinite reelection.
Christopher Hill, a career diplomat and Washington's former top nuclear negotiator with North Korea, is expected to be named next US ambassador to Iraq, according to media reports. The pick is unexpected, says The Washington Post.
