President Barack Obama on Monday reiterated that Congressional Republicans and Democrats will resolve the debt ceiling and that the U.S. Government would not default on its debt -- but the key, he underscored, is a GOP compromise on the revenue component. Major cuts in spending are already a part of the deal.
Unconventional economic times require unconventional answers, and awhile back an economist proposed one to create jobs: have the U.S. Government distribute a $3,000 gift card to every American over age 16.
The recent decision of the United States to withhold $800 million military aid to Pakistan further embitters the already strained relations between the two countries and may put an end to the military cooperation between them.
President Barack Obama is pushing for deeper cuts in the U.S. budget that some key Republicans.
House Speaker John Boehner said on Saturday that he will pursue a smaller deficit reduction deal, opting for a $2 trillion goal instead the larger on that the White House is pushing.
Betty and Gerald Ford were married for 58 years
The week has passed, and people are yet to get over the shocking outcome of Casey Anthony Murder Trial. Space Shuttle Atlantis, Facebook's new video chat, President Obama's digital campaign for 2012 presidency run, hackers wrecking havoc with two official Twitter sites and rare-earth minerals on the floor of the Pacific Ocean- all generated a good amount of public debate this week. A quick roundup of this week's major headlines
Betty Ford, the widow of late President Gerald Ford and a trailblazing co-founder of an addiction center in California that bears her name, has died at the age of 93, according to the director of the Gerald R. Ford Presidential Library and Museum.
The June jobs number was worse than expected but there are other signs that all is not right in the American economy. Here are five warnings signs of trouble.
June's dismal employment figures weigh heavily against President Barack Obama's bid for re-election, if history is any guide.
Minutes after learning of an uptick in unemployment in the month of June, Michelle Bachmann quickly wasted no time in using the report as a barometer on Obama's economic policies.
Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?
Internet service providers (ISP) such as AT&T, Comcast and Verizon have reached a deal with the movie and music businesses to crack down on online copyright infringers.
Warren Buffett bets housing and unemployment will improve in America by late 2012 more than many economists expect.
President Barack Obama's birth certificate proves he was born in United States, but he came close to growing up in a foster home.
They're getting there. That, in a few words, perhaps best characterizes the state of the nation's debt ceiling talks. President Barack Obama said Thursday Congressional Democrats and Republicans are making progress toward deficit reduction and raising the debt ceiling, but big gaps remain.
President Barack Obama has shifted his strategy in debt talks with Republicans, offering a substantially larger deficit reduction package that would include cuts to Medicare and Social Security in exchange for eliminating tax breaks.
With less than four weeks left to work at preventing a U.S. government shutdown House Majority Leader Eric Cantor said reforms to the system must be included in any deal between the White House and congressional Republicans to show the public that Washington can handle the county's finances, The Associated Press reported.
President Obama tweeted today, In order to reduce the deficit, what costs would you cut and what investments would you keep? creating the first Twitter town hall meeting at the White House. Twitter followers asked about gay marriage, the Patriot Act, abortion, and war as well as who his favorite Power Ranger is.
President Barack Obama became the first president to use Twitter to communicate with the public during the first ever “Twitter Townhall @ the White House” Wednesday.
Republicans tried to send a direct message to President Barack Obama during his first-ever Twitter town hall by crashing the event with a flurry of comments on the social networking site.
Dan Balz, the veteran political reporter for the Washington Post who has spent more than three decades at the paper, will become its first ever “chief correspondent,” Marcus Brauchli, The Post's executive editor, said Wednesday.