Search results for

New government figures show wholesale prices rose at a higher-than-expected rate of two percent last month. The data has raised new questions in the financial markets about inflationary pressures on the economy.

In a year-end press conference, President Bush said Wednesday that the U.S. needs a bigger military. And the president said he knows he'll need to work with Democrats in the new Congress to make progress with his domestic agenda.

President Bush met with Iraqi Prime Minister Nouri al-Maliki in Jordan this morning. Later at a press conference, the president maintained his support for the Iraqi leader, and insisted that there would be no immediate troop withdrawal.

Iraq's prime minister says he thinks his country's forces will be ready to take full control of Iraq's security by next June. Nouri al-Maliki and President Bush discussed the issue at their meeting earlier today in Jordan.

A federal judge orders the Treasury Department to make changes in the way in prints money, so it will be easier for the blind to tell bills apart. The ruling, in response to an American Council of the Blind lawsuit, proposes several options. The Treasury Department has 10 days to appeal.

A confirmation hearing for Robert Gates before the Senate Armed Services Committee is scheduled for Tuesday. President Bush nominated the former CIA director to replace Defense Secretary Donald Rumsfeld.

Singer James Brown dies at 73. He had been hospitalized in Atlanta for pneumonia. His string of hits began in 1956 with "Please Please Please" and continued with "Papa's Got a Brand New Bag," "Night Train," and "I Got You."

President Bush says it is "vital" that Congress quickly confirm the changes he has made to his national security team. With new commanders and new policies in the works for Iraq, the White House seems to be clearing the decks at home as well, with a number of top-level personnel changes.

The Pentagon confirms an attack on al-Qaida suspects in southern Somalia. One spokesman said that the attack was based on what he called "credible evidence." But there are other accounts from the region itself that describe more than one assault, and more casualties.

New Century, a subprime lender that was once the second-largest in the industry, has filed for bankruptcy. The company is joining the ranks of many other subprime lenders to crash and burn in the housing market downturn.