Treasury Secretary Tim Geithner said the failure to raise the debt ceiling will bear “catastrophic consequences.”
With real estate magnate Donald Trump and former Arkansas Gov. Mike Huckabee no longer placing themselves in the running for the U.S. presidency, the role of GOP frontrunner seems to be left up for grabs.
U.S. Secretary of State Hilary Clinton will visit Pakistan for “strategic” talks, although no date has yet been established.
U.S. Treasury Secretary Timothy Geithner sent the following letter on May 16, 2011 as the U.S. hit its legal debt limit.
The Nasdaq sank, leading U.S. stocks lower on Monday, as investors sold recent winners in a sign of growing unease with pockets of the U.S. economy.
The U.S. stopped fully investing in a pair of U.S. federal employee retirement funds on Monday as the federal government reached its legal debt limit.
In an attempt to bring new life to relations with Pakistan, Sen. John Kerry is in Islamabad this week. And as an act of goodwill, Pakistan has agreed to return the tail of the U.S. military helicopter that malfunctioned during the Osama bin Laden raid, Kerry said.
Hillary, in an unprecedented act of hypocrisy, denounced China for human rights violations. This from a country that has violated the human rights of millions of victims in our own time in Iraq, Afghanistan, Pakistan, Yemen, Libya, Somalia, Abu Ghraib, Guantanamo, secret CIA prisons dotted all over the planet, in US courts of law, and in the arrests and seizure of documents of American war protestors.
U.S. stocks fell on Monday, led by the Nasdaq's decline after data showed weakness in the economy, underscoring views the market's recent rally is fizzling.
As Dominique Strauss-Kahn’s continued role as boss of the International Monetary Fund (IMF) appears doomed following his arrest on charges of rape in New York over the weekend, speculation grows on who will ultimately succeed him.
Credit rating agency S&P has offered a settlement deal in an EU market abuse probe of financial identifier code pricing and data provider Thomson Reuters should work to resolve a similar case, the EU said on Monday.
The third annual Manhattan Cocktail Classic offers 100 events over five days and five boroughs
He toyed with the idea, finding campaign consultants to guide him, making visits to New Hampshire, scheduling ones for Iowa, and penciling a tentative campaign announcement date for May 25 at Trump Tower. But, ultimately, Trump decided his greatest passion was business.
Research In Motion shares neared a two-year low on Monday after the BlackBerry maker said it had recalled about 1,000 of its Playbook tablet computers due to an operating system flaw.
Bill Gross, manager of top bond fund PIMCO, said on Monday it was a misconception that the firm was betting against U.S. Treasuries, despite his concerns about the U.S. fiscal outlook.
The arrests of three people charged with providing material and financial support to the Pakistani Taliban came as a result of a three-year investigation, the Wall Street Journal reports.
Manufacturing growth in New York State slowed much more than expected in May to its slowest pace in five months, while U.S. homebuilders struggled as buyers stayed away from the market, data released on Monday showed.
J.C. Penney Co Inc's efforts to remake itself as a more fashionable chain and raise profitability by shedding weak units paid off in the first quarter and the retailer raised its full-year profit forecast.
Fashion legend Iris Apfel will launch a new line exclusively for Home Shopping Network in September. Travel expert Samantha Brown will sell her first-ever collection of luggage through the network in late May.
PIMCO's Bill Gross, manager of the world's largest bond fund, said on Monday it was a misconception the firm was short on U.S. Treasuries, saying the fund never actually bet against U.S. Treasuries.
TORONTO (Reuters Life!) - A new mobile application allows less-savvy wine consumers to scan bottle bar codes to get instant tasting notes, scores and food pairings.
Lowe's Cos reported weaker-than-expected quarterly results on a slow start to the spring selling season, prompting the world's second-largest home improvement chain to cut its forecast for the year.
