PayPal has paid $25m to settle a catalogue of complaints by the US consumer financial watchdog that it illegally steered consumers into its online credit product, PayPal Credit.

PayPal has paid $25 million (€22.4 million) to settle a series of complaints by the US consumer financial watchdog that it illegally steered consumers(...)

Barack Obama is trying to quell strong opposition from the Democratic Party’s left flank, including trade union core supporters, who fear the effect of international deals on American jobs. Photograph: Aude Guerrucci/EPA

US president Barack Obama’s hopes of agreeing a major trade agreement with 11 countries around the Pacific suffered defeat at the hands of his own par(...)

Senator Elizabeth Warren, a Democrat from Massachusetts, speaking at the National Press Club in Washington yesterday. Ms Warren says Wall Street recklessness caused the 2008 financial crisis Photograph: Bloomberg

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons which I’ll explain in a (...)

Possible presidential candidate Martin O’Malley: the presidency is “not some crown to be passed between two families”. Photograph: Win McNamee/Getty Images

The message from Democrats in South Carolina, delivered with that soft southern twang, is this: assume victory here at your peril.It’s 19 months out f(...)

Senator Elizabeth Warren: ‘No more secret deals. No more special deals for multinational corporations.’ Photograph: Yuri Gripas/Reuters

Powers that would allows US president Barack Obama to agree trade deals with Asian countries and the European Union, as well as the deals themselve(...)

Hillary Clinton meets and greets supporters after a discussion at Whitney Brothers in Keene, New Hampshire, on Monday. New Hampshire will be the first to hold a presidential primary. Photograph: The New York Times

The event is beautifully staged: the owner of the business and six employees sit around as Hillary Rodham Clinton fields questions and shares her view(...)

Former first lady Hillary Clinton is viewed as the Democrats’ best bet of retaining the White House. Photograph: Andrew Gombert/EPA

Hillary Clinton will end months of speculation on Sunday when she announces she is running to become the first female president of the United States,(...)

Jean Kennedy Smith, sister of the late US senator Edward Kennedy,  and Patrick Kennedy, his son, with (from left) vice president Joe Biden, Senator Ed Markey and Cardinal Sean O’Malley, for dedication ceremonies for the Edward M. Kennedy Institute in Boston, Massachusetts. Photograph: Brian Snyder/Reuters

Despite the freezing wind blasting Columbia Point near Boston, the occasion felt – as one high-ranking Democrat is said to have remarked of a recent p(...)

President Obama is applauded as he takes the stage to make remarks at the dedication ceremony for the Edward M Kennedy Institute for the United States Senate. Photograph: Reuters/Jonathan Ernst

US president Barack Obama paid tribute to late senator Edward Kennedy and his ability to find compromise with political opponents, saying, “No one mad(...)

The Edward M Kennedy Institute opens on March 30th on the campus of the University of Massachusetts Boston, dedicated to the late US senator Edward Kennedy, pictured here (front) with Al Gore in 2000. Photograph: Jim Bourg/Reuters

Minister for Foreign Affairs Charlie Flanagan paid tribute to late US senator Edward Kennedy at a event in Boston last night ahead of today’s official(...)