WASHINGTON (Reuters) – President Barack Obama will seek to build momentum for US immigration reform this week ahead of his State of the Union address, which is expected to challenge Republicans to take up an overhaul amid an increasingly contentious debate in Washington. Obama plans to hold a ...

NEW YORK, CMC – A New York state legislature is seeking to expand college aid for young people from the Caribbean and other countries. The State’s Assembly Speaker Sheldon Silver has joined with his counterpart, Francisco Moya, and the State’s Higher Education Committee Chair, Debo...

WASHINGTON, CMC – The International Monetary Fund (IMF) says that despite a “difficult economic environment,” the overall fiscal position of St. Kitts and Nevis through the end of September last year was “stronger than expected.” After undertaking the fifth review under...

NEW YORK, CMC - Two immigrant advocacy groups say they have found that United States Immigration border patrol agents who arrest Caribbean and other immigrants in New York State get gift cards, bonuses and extra vacations. The Families for Freedom and the New York University (NYU) Immigrant Rights ...

WASHINGTON, CMC - As the Caribbean reels from the global economic crisis, the International Monetary Fund (IMF) predicts that growth will “strengthen gradually” this year. In an update to its World Economic Outlook (WEO), the Washington-based financial institution said the constraints on...

WASHINGTON, CMC - The United States Department of the Treasury and the Internal Revenue Service (IRS) have issued what they describe as “comprehensive final regulations” to combat Caribbean and other offshore tax evasion. The departments said the reporting and withholding tax provisions...

DAVOS, Switzerland — Is the euro crisis over? A leading US economist says not by a long shot. Even as the head of the European Central Bank talked of “positive contagion” in the markets and predicted an economic recovery for the recession-hit eurozone later this year, economist Bar...

HOUSTON (Reuters) – James Davis, the government’s top witness in convicted swindler Allen Stanford’s fraud trial, was sentenced today to five years in prison for his role in a $7 billion Ponzi scheme. Davis, 64, who pleaded guilty in 2009 to three charges and could have been senten...

NEW YORK, CMC - Fitch Ratings has upgraded Jamaica’s economic outlook from negative to stable and also affirmed the island’s long-term foreign and local currency Issuer Default Ratings (IDRs). “Jamaica's ratings balance the sovereign's structural strengths, such as relativ...

WASHINGTON CMC – The World Bank has urged the Caribbean and other developing countries to safeguard their economic growth, warning that the “road ahead remain bumpy.” In the Global Economic Prospects (GEP) report, released here on Wednesday, the Washington-based financial institut...