News Jack Lew’s previous squiggle of a signature, above, and the new one, below

When US President Barack Obama nominated Jack Lew as the new Secretary of the US Treasury in January, the media had one overwhelming concern about the appointment: Lew’s illegible signature, which resembles the doodle of an absent-minded child, would now appear on every US banknote.

AIG boss faces music over $165m in bonuses

Payments are distasteful but necessary, chairman tells congress committee

Obama feels backlash on 'Main Street' over bailout

Scramble to aid small businesses that employ 70 per cent of workers

Bernanke sees US recovery from 2010

The Federal Reserve Chairman Ben Bernanke suggested in a taped interview yesterday that the US recession could last most of the year and said the biggest risk was that the political will needed to fix the fractured financial system could be lacking.

Larry Summers: Can he make the sums add up?

They don't come much cleverer than Barack Obama's main economic adviser. Now the world waits to see if his ideas are smart enough to save us

China 'worried' about US Treasury holdings

China's premier today expressed concern about its holdings of Treasuries and other US debt, appealing to Washington to safeguard their value, and said Beijing is ready to expand its stimulus if economic conditions worsen.

Pound fails to help exports as demand for UK goods collapses

Exports slump even more than imports to leave trade deficit yawning alarmingly

Cabinet chief: Obama team 'unreachable'

Last week, it was all smiles and handshakes as Gordon Brown and President Barack Obama put on a show of unity in Washington.

Leading article: The world is relying on Mr Obama's rescue plan

Our fates are bound up with the success of the US President's efforts

Bernanke predicts recession could end this year

Ben Bernanke, the chairman of the US Federal Reserve, held out the tentative hope yesterday that the severe recession in the United States might be brought to an end before the end of this year on condition that the correct steps are taken over the coming days and weeks to restore financial stability and to shore up teetering banks.

Margareta Pagano: Wall Street must wait for the Messiah to speak

Markets look for a miracle from Obama's government

Obama: one month in the White House

He has committed a few rookie errors and had to deal with a global recession that is only getting worse, but Barack Obama is yet to lose the gloss that won him the election. Rupert Cornwell reports

Europe's Black Friday seized on to defend British policies

As G7 finance ministers gather, damning report shows scale of Germany's economic woes

Obama forces Citigroup to cancel $50m executive jet order

Citigroup, the banking giant which is being propped up with funds from the US taxpayer, has scrapped plans to take delivery of a $50m corporate jet, after a public outcry and a reprimand from President Barack Obama.

America goes green

Obama makes good his promise to protect the planet by allowing states to set tough laws on car emissions and planning the appointment of a new climate change envoy
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