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U.S. President Barack Obama, D-Ill.

Obama: Americans Back Me, Not GOP, on Debt Deal

Score Day 6 of the debt talks a wash: House Speaker John Boehner, R-Ohio, said President Barack Obama, D-Ill., hasn't presented a real deficit reduction plan, but Obama countered that he not only has, but that the American people support his plan, which includes both revenue increases as well as spending cuts.
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Monetary and Fiscal Policies Have Reached the Limits: AEI Outlook for US Economy (FULL TEXT)

The US economy is at an inflection point after the end of the second round of Quantitative Easing (QE2). Two rounds of monetary and fiscal stimulus since 2008 have had only limited impact on growth or unemployment. The question is,'What next?' will there be another round of monetary and fiscal policy easing? Analysts at American Enterprise Institute for Public Policy Research (AEI) are of the opinion that fiscal and monetary policies have reached their limits.
Senate Minority Leader Mitch McConnell, R-Ky.

S&P Warns of U.S. Downgrade, if no Debt Deal Is Reached

Credit ratings agency S&P Friday, like Moody's Thursday, warned that the U.S.'s credit rating could be downgraded, if an agreement on raising the debt ceiling is not reached soon. Meanwhile, the Reid/McConnell 'last chance' debt deal plan appeared to gain momentum Thursday, raising hope that a debt deal agreement will be reached soon.
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Ron Paul Hits Airwaves with New Ads

Iowa and New Hampshire will be the first lucky states to hear Ron Paul issue his stern warning against raising the federal debt limit, as his new ad hits the airwaves in the early-voting states.
Tiananmen Square in Beijing

China Urges U.S. to Act Responsibly on Debt Ceiling

China Thursday called on the United States to adopt responsible policies and measures to guarantee the interests of investors -- a communique that highlights the rising concern about a possible U.S. Government default. Meanwhile, modest debt talk progress was noted on Day 5, with bipartisan agreement on at least $1.5 trillion in spending cuts over 10 years.
At Issue: U.S. Debt Ceiling

Moody's May Downgrade U.S. Debt, If Crisis Isn't Resolved

Moody's Investors Service has placed the Aaa bond rating of the U.S. Government on review for a possible downgrade, due to the debt deal talks stalemate in Washington, and the possibility of a U.S. debt default, the credit rating agency announced. Fed Chairman Ben Bernanke also said a default would trigger a major crisis.
Obama And Clinton

Betty Ford Funeral Draws Dignitaries, Celebrities [PICTURES]

Michelle Obama, Maria Shriver and George W. Bush were among the dignitaries who paid tribute to Former First Lady Betty Ford at her funeral in Palm Desert today.The wife of the late President Gerald Ford and founder of the famed drug and alcohol rehabilitation clinic bearing her name, died on Friday at age 93.Betty Ford was the First Lady of the United States from August 1974 to January 1977. Her willingness to speak candidly about her personal battles with cancer and addiction helped to...
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Obama: Social Security Checks Could Stop, if No Debt Deal

The rhetoric is getting hot and heavy inside the beltway regarding the debt talks. On Tuesday, the Republicans essentially said the Democrats haven't offered a viable debt deal proposal and President Obama said Republican reluctance to compromise could prevent senior citizens from receiving Social Security payments on August 3.
U.S. Rep. Ron Paul, R-Texas

Ron Paul to Retire From Congress

U.S. Rep. Ron Paul, the libertarian Texas Congressman, won't seek re-election to his House seat next year, regardless of whether he wins the 2012 Republican presidential race, Paul said Tuesday.
First lady Michelle Obama

Was Michelle Obama's Shake Shack Visit Hypocritical?

On Monday, DC media outlets reported that First Lady Michelle Obama made a visit to a Washington, D.C. area Shake Shack and more than indulged herself. She ordered a burger, fries, milkshake, and a Diet Coke, totaling up to a whopping 1,700 calories.
Members of the Westboro Baptist church protest the screening of "Red State" at the Sundance Film Festival in Park City, Utah

Betty Ford 'In Hell' says WBC

The controversial Westboro Baptist Church will picket the memorial of former first lady Betty Ford, who died Friday at age 93.

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