UNITED STATES

U.S. President Barack Obama

Top Republicans Confident of Debt Deal with Obama

Top congressional Republicans said on Saturday they were in serious talks with President Barack Obama to break a U.S. debt limit deadlock and were confident the risk of default by the world's largest economy could be avoided.

Obama, Democrats, GOP at Table Talking

At Issue: U.S. Debt Talks
Finally, after weeks of incessant, heated rhetoric and counter-productive posturing, there's been a positive development in the debt talks. The White House and both Republican and Democratic leaders Saturday confirmed that they are now in serious talks to raise the debt ceiling and avoid a looming U.S. Government default.
IBTimes Logo

Debt and data suggest more losses

Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.
More news
Tropical storm Don

Tropical Storm Don Disperses Over Texas

Tropical Storm Don has lost momentum, the National Hurricane Center in Miami reported as the storm was approaching Baffin Bay with maximum sustained winds of 25 miles per hour at 10 p.m. Don has steadily been moving west-northwest at speeds of 14 mph. At 10 p.m. Friday, the center reported the tropical storm was about forty miles south of Corpus Christi, Texas.
U.S. President Barack Obama

Mood Tense as Lawmakers Struggle for Debt Deal

A bitter mood prevailed on Capitol Hill as lawmakers struggled on Saturday to find a compromise measure to lift the nation's $14.3 trillion debt limit three days before the deadline to avert a ruinous default.
U.S. Debt Talks

Debt Talks: Reid Modifies Plan to Win GOP Support

Led by Majority Leader Harry Reid, D-Nev., Senate Democrats Saturday worked feverishly to modify Reid's original debt plan in order to attract Senate Republicans. But a GOP Senate filibuster is expected late Saturday or Sunday, which, if it holds, would leave the U.S. without a debt ceiling increase, two days before a default.
Senate Majority Leader Harry Reid

Lawmakers race against clock on debt limit

Facing a deadline to avoid a ruinous default, congressional leaders on Saturday braced for a tense weekend of negotiations to try to reach a compromise on a measure to increase in the country's $14.3 trillion debt limit.
At Issue: Oil Prices

Could a U.S. Default Push Oil Prices Above $130?

Think a U.S. Government default on its debt won't affect you immediately? Think again: a default would likely weaken the dollar substantially, pushing up oil prices almost immediately, and that would send already-high U.S. gas prices to the stratosphere.
A September 14, 2001 file photo shows President Bush at the scene of the World Trade Center

Bush Details 9/11 Memories for Documentary in Rare Interview [VIDEO]

When President George W. Bush learned that two planes had barreled into the World Trade Center buildings on Sept. 11, 2001, he was sitting in front of a group of children reading aloud. So as to not cause alarm, he remained calm and stoic. And for it, he received much flak.
Senate Majority Leader Harry Reid speaks at a news conference in Washington

Democrats try to break debt impasse

Senate Democrats aimed to seize the initiative in efforts to head off a ruinous debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.
IBTimes Logo

Billionaire Ross bets on v-shaped Irish recovery

Positive news from Ireland is prompting a growing number of investors to look at the troubled euro zone economy, said billionaire Wilbur Ross, who this week invested 300 million euros in its largest lender.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.