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| Washington, Business Timeline Legend |
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Summary. Click for More >
|
| Jun. 18 |
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Bush calls for offshore drilling| President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports | |
|
| Jun. 9 |
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Danger of US downturn 'has faded'
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| May.1 |
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Bush offers $770m for food crisis George W Bush has offered an international food aid to help ease the effects of surging food prices that have sparked riots in some countrie...
|
| Apr.30 |
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Further cut in interest rates
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| Apr.8 |
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IMF may sell 400 tons of gold
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| Mar.31 |
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US plans finance system overhaul
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| Mar.18 |
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Federal Reserve slashes rates by 0.75  The Federal Reserve has cut US interest rates to 2.25% to restore confidence to nervous financial markets and boost the ailing economy
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| |
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US admits economy is in downturn
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| Jan.28 |
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Bush addresses US economy fears U.S. Congress: President George W Bush has urged Americans to have confidence in the economy in the long-term, as he gives his final State of the Union add...
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| Jan.24 |
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US plan sparks Asia shares rally. Hong Kong
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| |
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Deal reached on US economic plan U.S. Congress: The White House and the Democrats in Congress have agreed a $150bn stimulus package that will offer tax rebates to boost growth
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| Jan.22 |
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Fed slashes rates in shock move
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| Jan.18 |
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Bush calls for economic stimulus package
year 2007 ... more >
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|
| Dec.12 |
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Central banks act on credit fears
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| Dec.6 |
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Bush details housing rescue plan
| Washington, Business | Major Events in 21st Century | 
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Details:
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|
| Jun. 18 |
|
 Bush calls for offshore drilling| President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports | | |
|
| Jun. 9 |
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Danger of US downturn 'has faded' Federal Reserve Chairman Ben Bernanke: The US economy may have avoided a major decline. He is playing down recent unemployment rises
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|
| May.1 |
|
 Bush offers $770m for food crisis| George W Bush has offered an international food aid to help ease the effects of surging food prices that have sparked riots in some countries | |
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| |
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U.S. broadens Myanmar sanctions
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|
| Apr.30 |
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Further cut in interest rates The Federal Reserve has cut its key rate from 2.25% to 2.0% as it aims to avoid a possible US recession
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| Apr.8 |
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IMF may sell 400 tons of gold The International Monetary Fund's executive board has approved a broad financial overhaul
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|
| Mar.31 |
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US plans finance system overhaul Treasury Secretary Henry Paulson has revealed its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s
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| Mar.23 |
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FDA suspects cantaloupe, salmonella link
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| Mar.18 |
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Federal Reserve slashes rates by 0.75 | The Federal Reserve has cut US interest rates to 2.25% to restore confidence to nervous financial markets and boost the ailing economy | | |
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| |
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US admits economy is in downturn Treasury Secretary Paulson has admitted that the US economy is facing a 'sharp decline' at the moment but hoped for a recovery later in the ...
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| Mar.7 |
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Bush insists US not in recession
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| Feb.7 |
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Congress approves US economy plan. U.S. Congress
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Microsoft wants to purchase Yahoo
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|
| Jan.28 |
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Bush addresses US economy fears | U.S. Congress: President George W Bush has urged Americans to have confidence in the economy in the long-term, as he gives his final State of the Union address | |
|
| Jan.24 |
|
 US plan sparks Asia shares rally  Hong Kong: Asian stocks have risen sharply, with investors cheered by a White House plan to spend $150bn to revive the flagging US economy
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| |
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Deal reached on US economic plan| U.S. Congress: The White House and the Democrats in Congress have agreed a $150bn stimulus package that will offer tax rebates to boost growth | |
|
| Jan.23 |
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US rescue plan sparks Asian rally
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| Jan.22 |
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Fed slashes rates in shock move The US Federal Reserve has cut interest rates to 3.5%, a shock 0.75% point reduction
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| Jan.18 |
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Bush calls for economic stimulus package The Package would have to represent roughly 1% of GDP to be effective. Bush backs tax rebates as the best way to stimulate the economy
|
|
| Dec.12 |
|
Central banks act on credit fears The Federal Reserve, European Central Bank and central banks from the UK, Canada and Switzerland are to jointly help banks
|
| Dec.6 |
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Bush details housing rescue plan The President has outlined plans to freeze rates on sub-prime mortgages for 5 years to help people hit by the housing market crisis
|
| Aug.31 |
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Federal Reserve in rate cut hint
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| Aug.17 |
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US rate cut boosts global markets. New York
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| Aug.10 |
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Central banks pour money into system  London: The U.S. Federal Reserve and European Central Bank pumped money into the banking system for a second day to ward off a global credit crisis
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World markets fall after US losses
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| Aug.4 |
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House passes clean energy bill. U.S. Congress
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| Aug.1 |
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BA's price-fix fine reaches $550m
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| Jul.18 |
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Bush tackles scares over imports
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| Jan.16 |
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BP failed on safety - U.S. panel
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|
| Dec.28 |
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US body backs sale of cloned food The Food and Drug Administration: Meat and milk from cloned animals is safe for human consumption
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| Mar.2 |
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U.S. to boost arms sales to India. New Delhi
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| Feb.6 |
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Bush seeks defence spending rise
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| Sep.24 |
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IMF committee backs debt erasure
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| Sep.7 |
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Bush seeks $50bn hurricane relief. U.S. Congress
|
| Jun.27 |
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File-sharing suffers major defeat U.S. Supreme Court: The Supreme Court has ruled that file-sharing companies are to blame for what users do with their software
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| |
G8 ministers back Africa debt deal
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| May.17 |
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Tensions rise over China currency
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| Apr.16 |
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G-7 finance leaders focus on oil, debt
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| Mar.16 |
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Wolfowitz to run World Bank
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| Feb.4 |
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Court rejects $280bn tobacco case
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|
| Sep.14 |
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Iraq rebuilding funds shifted to security
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| Apr.23 |
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U.S. lifts most sanctions against Libya
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|
| Dec.4 |
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United States scrapped tariffs on steel
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| Nov.3 |
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Congress passes Iraq budget |
|
| Oct.30 |
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$87 billion approved for Iraq, Afghanistan |
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| Sep.7 |
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 Bush to ask 87 billions more for Iraq President has told the American people that Iraq is '"now the central front' in a global war against terrorism
|
| Aug.27 |
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Bremer: Iraq effort to cost tens of billions Iraqi revenue would not be enough to cover economic needs that 'almost impossible to exaggerate'
|
| Jun.23 |
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US in new global GM push |
|
| Jan.7 |
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Bush unveils tax cutting package |
|
|
| Dec.6 |
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Treasury chief O'Neill, Lindsey resigned
|
| Aug.21 |
|
Ex-Enron executive pleads guilty |
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| |
Dow saw its second-biggest gain ever
|
| Jul.9 |
|
Bush called for integrity in corporations |
|
| Jul.8 |
|
Bush wants new laws on corporate abuse U.S. Congress: Former WorldCom CEO Bernard Ebbers and ex-CFO Scott Sullivan take Fifth on Capitol Hill
|
| Jun.26 |
|
Bush vows WorldCom inquiry |
|
| Mar.14 |
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Andersen indicted over Enron |
|
| Mar.5 |
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Bush imposed steel tariffs
|
| Feb.3 |
|
Enron's Lay refused to testify |
|
| Jan.9 |
|
Criminal inquiry into Enron collapse |
|
|
| Nov.6 |
|
Fed cuts by 0.5% |
|
| Nov.2 |
|
Microsoft reaches anti-trust deal Microsoft would be obliged to provide rivals with information about middleware products
|
| Oct.3 |
|
Bush package to boost economy
|
| Oct.2 |
|
Fed cuts rates by 0.5% |
|
| Sep.6 |
|
Feds drop Microsoft breakup |
|
| Aug.21 |
|
Fed cuts rates a quarter |
|
| Aug.7 |
|
Human cloning conference
|
| Jun.28 |
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Court vacates Microsoft ruling |
|
| Mar.20 |
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Fed cuts rates half a point |
|
| Jan.31 |
|
Fed cuts interest rates by 0.5% |
|
| Jan.3 |
|
Fed cut rate, stocks up
|
|
| Dec.14 |
|
AOL, Time Warner merger approved |
|
| |
World News Atlas started
|
| Apr.4 |
|
Microsoft loses antitrust suit Microsoft is confident that it will eventually overturn the decision by a judge that it violated anti-monopoly laws
|
| |
Nasdaq reached 5048
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|
| 2008 |
|
| Apr.30 |
Further cut in interest rates The Federal Reserve has cut its key rate from 2.25% to 2.0% as it aims to avoid a possible US recession
|
| Apr.8 |
IMF may sell 400 tons of gold The International Monetary Fund's executive board has approved a broad financial overhaul
|
| Mar.31 |
US plans finance system overhaul Treasury Secretary Henry Paulson has revealed its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s
|
| Mar.18 |
Federal Reserve slashes rates by 0.75 | The Federal Reserve has cut US interest rates to 2.25% to restore confidence to nervous financial markets and boost the ailing economy | | |
|
| Jan.18 |
Bush calls for economic stimulus package The Package would have to represent roughly 1% of GDP to be effective. Bush backs tax rebates as the best way to stimulate the economy
| 2007 |
|
| Dec.12 |
Central banks act on credit fears The Federal Reserve, European Central Bank and central banks from the UK, Canada and Switzerland are to jointly help banks
|
| Aug.31 |
Federal Reserve in rate cut hint
|
| Aug.10 |
Central banks pour money into system London: The U.S. Federal Reserve and European Central Bank pumped money into the banking system for a second day to ward off a global credit crisis
| 2006 |
|
| Feb.6 |
Bush seeks defence spending rise
| 2005 |
|
| Sep.24 |
IMF committee backs debt erasure
|
| Sep.7 |
Bush seeks $50bn hurricane relief. U.S. Congress
|
| May.17 |
Tensions rise over China currency
|
| Apr.16 |
G-7 finance leaders focus on oil, debt
| 2004 |
|
| Sep.14 |
Iraq rebuilding funds shifted to security
| 2003 |
|
| Nov.3 |
Congress passes Iraq budget |
|
| Oct.30 |
$87 billion approved for Iraq, Afghanistan |
|
| Sep.7 |
Bush to ask 87 billions more for Iraq President has told the American people that Iraq is '"now the central front' in a global war against terrorism
|
| Aug.27 |
Bremer: Iraq effort to cost tens of billions Iraqi revenue would not be enough to cover economic needs that 'almost impossible to exaggerate'
|
| Jan.7 |
Bush unveils tax cutting package |
| 2001 |
|
| Oct.3 |
Bush package to boost economy
|
| Mar.20 |
Fed cuts rates half a point |
|
|
| 2008 |
|
| May.1 |
Bush offers $770m for food crisis| George W Bush has offered an international food aid to help ease the effects of surging food prices that have sparked riots in some countries | |
|
| Mar.23 |
FDA suspects cantaloupe, salmonella link
| 2006 |
|
| Dec.28 |
US body backs sale of cloned food The Food and Drug Administration: Meat and milk from cloned animals is safe for human consumption
| 2003 |
|
| Jun.23 |
US in new global GM push |
|
|
| 2000 |
|
| Dec.14 |
AOL, Time Warner merger approved |
|
|
| 2001 |
|
| Aug.7 |
Human cloning conference
|
|
| 2008 |
|
| Jan.24 |
US plan sparks Asia shares rally Hong Kong: Asian stocks have risen sharply, with investors cheered by a White House plan to spend $150bn to revive the flagging US economy
|
| Jan.23 |
US rescue plan sparks Asian rally
|
| Jan.22 |
Fed slashes rates in shock move The US Federal Reserve has cut interest rates to 3.5%, a shock 0.75% point reduction
| 2007 |
|
| Aug.17 |
US rate cut boosts global markets. New York
| 2001 |
|
| Nov.6 |
Fed cuts by 0.5% |
|
| Oct.2 |
Fed cuts rates by 0.5% |
|
| Aug.21 |
Fed cuts rates a quarter |
|
| Jan.31 |
Fed cuts interest rates by 0.5% |
|
| Jan.3 |
Fed cut rate, stocks up
|
|
| 2002 |
|
| Aug.21 |
Ex-Enron executive pleads guilty |
|
| Jun.26 |
Bush vows WorldCom inquiry |
|
| Mar.14 |
Andersen indicted over Enron |
|
| Feb.3 |
Enron's Lay refused to testify |
|
| Jan.9 |
Criminal inquiry into Enron collapse |
|
|
| 2005 |
|
| Jun.27 |
File-sharing suffers major defeat U.S. Supreme Court: The Supreme Court has ruled that file-sharing companies are to blame for what users do with their software
| 2001 |
|
| Nov.2 |
Microsoft reaches anti-trust deal Microsoft would be obliged to provide rivals with information about middleware products
|
| Sep.6 |
Feds drop Microsoft breakup |
|
| Jun.28 |
Court vacates Microsoft ruling |
|
|
| 2005 |
|
| Feb.4 |
Court rejects $280bn tobacco case
| 2000 |
|
| Apr.4 |
Microsoft loses antitrust suit Microsoft is confident that it will eventually overturn the decision by a judge that it violated anti-monopoly laws
|
|
| 2006 |
|
| Mar.2 |
U.S. to boost arms sales to India. New Delhi
|
|
| 2007 |
|
| Aug.1 |
BA's price-fix fine reaches $550m
|
|
| 2008 |
|
| May.1 |
U.S. broadens Myanmar sanctions
| 2004 |
|
| Apr.23 |
U.S. lifts most sanctions against Libya
| 2002 |
|
| Mar.5 |
Bush imposed steel tariffs
|
|
| 2005 |
|
| Mar.16 |
Wolfowitz to run World Bank
| 2002 |
|
| Dec.6 |
Treasury chief O'Neill, Lindsey resigned
|
| Jul.9 |
Bush called for integrity in corporations |
|
| Jul.8 |
Bush wants new laws on corporate abuse U.S. Congress: Former WorldCom CEO Bernard Ebbers and ex-CFO Scott Sullivan take Fifth on Capitol Hill
|
|
| 2007 |
|
| Dec.6 |
Bush details housing rescue plan The President has outlined plans to freeze rates on sub-prime mortgages for 5 years to help people hit by the housing market crisis
|
|
| 2008 |
|
| Jan.24 |
Deal reached on US economic plan| U.S. Congress: The White House and the Democrats in Congress have agreed a $150bn stimulus package that will offer tax rebates to boost growth | |
|
|
| 2008 |
|
| Jun. 9 |
Danger of US downturn 'has faded' Federal Reserve Chairman Ben Bernanke: The US economy may have avoided a major decline. He is playing down recent unemployment rises
|
| Mar.18 |
US admits economy is in downturn Treasury Secretary Paulson has admitted that the US economy is facing a 'sharp decline' at the moment but hoped for a recovery later in the ...
|
| Mar.7 |
Bush insists US not in recession
|
| Feb.7 |
Congress approves US economy plan. U.S. Congress
|
|
| 2007 |
|
| Jul.18 |
Bush tackles scares over imports
| 2003 |
|
| Dec.4 |
United States scrapped tariffs on steel
|
|
| 2007 |
|
| Aug.4 |
House passes clean energy bill. U.S. Congress
|
|
| 2008 |
|
| Jun. 18 |
Bush calls for offshore drilling| President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports | | |
| 2007 |
|
| Jan.16 |
BP failed on safety - U.S. panel
|
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