UNITED STATES

Simon Cowell predicts "X Factor" will thrash rivals

Simon Cowell, one of the judges on new reality series 'The X Factor', speaks via satellite at the FOX Summer TCA Press Tour in Beverly Hills
Big, brash and confident as ever, Simon Cowell said on Friday that his upcoming "The X Factor" would thrash the competition on U.S. television and topple "American Idol" as the nation's most-watched show.
U.S. President Barack Obama talks about military veterans in the workforce while in Washington

More work ahead to get finances in order: Obama

President Barack Obama urged lawmakers on Saturday to set aside partisan politics after a fierce debt battle, saying they must work to put America's fiscal house in order and refocus on stimulating its stagnant economy.
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Standard & Poor's

Will S&P?s Downgrade Increase U.S. Home Mortgage, Auto Loan Interest Rates?

In a stunning development, Standard & Poor?s Friday downgraded the U.S. Government's credit rating from AAA to AA+, arguing Washington has made inadequate progress cutting the budget deficit. The U.S. Treasury disagrees with S&P?s analysis and conclusion, but interest rates on U.S. home mortgages and car loans are likely to rise.
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France fully trusts U.S. economy

France has complete faith in the solidity of the U.S. economy and in the U.S. government's determination to implement the Congress's plan, a source close to France's Finance Minister Francois Baroin said on Saturday.
Italy's Finance Minister Tremonti gestures during a news conference with Italy's Prime Minister Berlusconi at Chigi Palace in Rome

ECB Split Over Whether to Buy Italy Bonds: Sources

The European Central Bank remains divided over whether to buy Italian government bonds but even some of those who favor the move say Italy should do more to front-load austerity measures, ECB sources said Saturday.
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U.S. Credit Downgrade: Is S&P Reliable?

The United States wouldn't enjoy "risk-free" top AAA credit rating any longer. Standard & Poor's decision, being questioned by many including the White House, to downgrade AAA rating to AA+ was based on an analysis which blew up U.S. deficits by $2 trillion.
Prince Harry

Prince Harry to be The First Royal in Space?

"Harry has already completed his studies of Land and Sea Surveillance and Oceanology - part of Astro training - and can't wait to get into one of Nasa's T38 training jets," a royal source said.
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China economists see big risk to markets after U.S. downgrade

Chinese economists said the U.S. credit rating downgrade by Standard & Poor's poses great risk to financial markets and expect it to prompt China, the world's biggest holder of U.S. Treasuries, to accelerate the diversification of its holdings.
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S&P's Beers: It was our duty to downgrade the U.S

The top official behind Standard & Poor's historic decision on Friday to downgrade the United States' prized triple-A credit rating said it was his company's duty to make such a hard and controversial call.

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