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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.
lahood

FAA Shutdown Update: Temporary Compromise Reached

Amidst union stalemates and subsidy negotiations, Congress passed a temporary bi-partisan reauthorization bill on Thursday that would allow the Federal Aviation Administration to collect taxes and return thousands of employees back to work after the shutdown.
President Barack Obama, Jennifer Hudson, Rahm Emanuel

Happy Birthday President Obama: How Do You Plan to Fix the Economy?

President Barack Obama turned 50 on Thursday. But the celebration was muted by a big decline on Wall Street. Some economists are suggesting the U.S. is just "one shock" away from another recession, and questions are being peppered to Obama about his plans for turning around the U.S. economy.
U.S. Rep.  Michele Bachmann, R-Minnesota

Analysis: Republican leaders heed Tea Party but risk backlash

Emboldened by concessions wrung from their own leadership and President Barack Obama during the debt limit fight, Tea Party-affiliated lawmakers will likely remain a driving force in the Republican Party -- and possibly induce gridlock until the 2012 elections.
Josh Mayeux, network defender, works at the Air Force Space Command Network Operations & Security Center at Peterson Air Force Base in Colorado Springs

"State actor" behind slew of cyber attacks

Security experts have discovered an unprecedented series of cyber attacks on the networks of 72 organizations globally, including the United Nations, governments and corporations, over a five-year period.
At Issue: FAA Budget

Another U.S. Debt Deal Casualty: Congress Triggers Partial FAA Shutdown

The U.S. Debt Deal crisis has claimed another casualty: the U.S. air transportation system -- Congress has left town without funding a key Federal Aviation Administration budget: as a result, 70,000 construction and related workers have been idled, and 4,000 furloughed, work on projects valued at $11 billion has been delayed.
Transportation Secretary Ray LaHood

President Obama, LaHood Urge Lawmakers To Rethink FAA Extension

President Obama urged Congress on Wednesday to end the 12 day long FAA shutdown, as they recessed for the summer. The President remarked that members need not even return to town to resolve the dispute, and that it could be done through a procedural agreement when the debate resumes in September. He stated, "This is a lose, lose, lose situation that can be easily solved...."
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White House explores options on FAA shutdown

The White House said on Wednesday it was looking at ways to end a partial shutdown of the Federal Aviation Administration that has halted airport construction projects employing thousands of people and extended the summer's political battles.
U.S. President Barack Obama orders an hamburger and fries at the Good Stuff Eatery on Capitol Hill in Washington, August 3, 2011.

Obama to head out on "listening" bus tour for jobs

President Barack Obama will take a three-day campaign-style bus tour through the American Midwest this month, as he tries to refocus attention on jobs seen as vital to his chances of winning re-election in 2012.

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