Reuters: Top News - Breaking News - World News

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HOUSTON (Reuters) - Representative Gabrielle Giffords was moved to a long-term rehabilitation hospital on Wednesday morning after doctors upgraded her condition from serious to good.

Source: Giffords moved to rehabilitation hospital

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CHICAGO (Reuters) - Boeing Co offered a weaker-than-expected 2011 earnings outlook as higher pension costs exacerbated the impact of potential defense spending cuts and delays to the 787 Dreamliner, sending its shares down 3.6 percent.

Source: Boeing profit falls; shares down on outlook

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WASHINGTON (Reuters) - The Federal Reserve showed on Wednesday it was in no rush to cut short its rescue of the U.S. economy, saying high unemployment still justified its $600 billion bond-buying plan even though the economy has shown some signs of improvement.

Source: Fed cautious on recovery, focused on joblessness

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MANITOWOC, Wisc. (Reuters) - President Barack Obama pressed his case on Wednesday for investment to grow the U.S. economy out of its budget woes, a job made tougher by a forecast that the deficit will surge 40 percent this year.

Source: Obama touts investment plan on middle America trip

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MINEOLA, New York (Reuters) - At his January 2010 inauguration, Tea Party-backed Republican Edward Mangano marched up to the podium, pen in hand. Even before being officially declared Nassau County Executive, he signed a repeal of an unpopular home energy tax.

Source: Special Report: A Long Island tax cut backfires on the Tea Party

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WASHINGTON (Reuters) - General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.

Source: GM drops U.S. loan application after turnaround

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WASHINGTON (Reuters) - Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 to an investigative panel.

Source: Bernanke: all but one major firm at risk in 2008

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WASHINGTON (Reuters) - Vice President Joe Biden said on Thursday he expects to be on the 2012 Democratic presidential ticket as President Barack Obama's running mate.

Source: Biden expects to be Obama's 2012 running mate

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TOKYO/WASHINGTON (Reuters) - Japan and the United States faced new pressure to confront their swollen budget deficits as the IMF and rating agencies demanded more evidence they can bring their public debts under control.

Source: U.S., Japan told time running out to deal with debt

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BEIJING/NEW YORK (Reuters) - The ultra-loose monetary policy of the United States is setting the stage for "a world credit war," a Chinese rating agency said on Friday, in the latest warning against soaring debt burdens in developed economies.

Source: China rating agency blames U.S. for "credit war"