AFP - Christina Romer, a key economic advisor to President Barack Obama who championed the use of stimulus programs to pull the US economy out of recession, will step down next month, the White House said Thursday.

Reuters - The Treasury Department on Friday acknowledged that the number of homeowners in trouble again despite getting help from the administration%27s signature mortgage aid program was higher than earlier estimates.

Reuters - The Obama administration on Friday acknowledged it had underestimated the number of homeowners who fell seriously behind on their mortgage payments even after getting government help.

Reuters - The U.S. Senate on Thursday scrapped the nomination of Peter Diamond to the Federal Reserve Board, dealing a blow to President Barack Obama%27s push to fill long-standing vacancies at the central bank.

AFP - The United States and the United Nations Friday designated Pakistan%27s Harakat-ul Jihad al-Islami as a foreign terror group and blacklisted it commander, the US Treasury Department said.

AP - President Barack Obama is hailing the seventh straight month of private job creation as a good sign for the economy. But he says the progress "needs to come faster."

Reuters - Republican Party officials said on Thursday historical trends favor them in November 2 congressional elections and that more races are competitive than they expected in a year when voters are focused on economic worries.