Obama Urges Infrastructure Spending to Spur U.S. Economy

President Barack Obama sought to put aside turmoil with the rollout of the federal health insurance marketplace by focusing on the billions of dollars in public investments he says the U.S. needs to boost the economy.

People from India, China out-educating us: Barack Obama

NEW YORK: Billions of people from countries like India and China are striving hard to "out-educate" Americans in mathematics and technology, President Barack Obama has said while stressing on education reforms to prepare Americans for a global economy where "jobs can go anywhere."

European Stocks Climb for Ninth Day on Earnings Optimism

European stocks rallied for a ninth day, their longest winning streak since June 2010, as companies from Novartis AG to Reckitt Benckiser (RB/) Group Plc raised forecasts and data showed U.S. unemployment rate fell to the lowest since November 2008.

IMF sees U.S. default as unlikely, but could be 'devastating'

(Reuters) - A U.S. debt default is an unlikely event, but one that could have catastrophic consequences for the world, the International Monetary Fund said on Tuesday.