The Congress faces an August 2 deadline for raising the government's $14.3 trillion limit on borrowing and averting a potentially catastrophic default.
U.S. lawmakers failed to achieve a budget breakthrough and instead worked on rival plans on Sunday in a impasse that heightened prospects for a catastrophic U.S. debt fault.
The world Santa Claus Congress 2011 is being celebrated in Copenhagen
Top House and Senate leaders arrived at the White House on Saturday in a meeting called by President Barack Obama with the aim of advancing a negotiation to avert a federal default.
The FAA partial shutdown resulted in cheaper airline tickets. However, thousands of employees will be laid off starting Friday at midnight.
The U.S. military is prepared to accept servicemembers who are openly gay and lesbian as President Barack Obama, Defense Secretary Leon Panetta, and Joint Chiefs of Staff Chairman Adm. Mike Mullen have certified that such a move won't harm military readiness.
US President Barack Obama has announced the 17-year military ban on openly gay service will end on Sept.20 2011.
The Pentagon is preparing to put an end to the 17-year military ban on openly gay service after the Defense Secretary has certified that doing so will not harm the military's ability to fight.
Groupon Inc's privacy and data-collection policies came under congressional scrutiny on Thursday, the latest sign of regulatory pressure on the largest online daily deals company.
What's next for Warren and the agency she was instrumental in creating?
During his bi-annual monetary testimony before Congress, Federal Reserve Chairman Ben Bernanke was confronted by none other than die-hard Libertarian Ron Paul.
The head of the world's most powerful central bank said Wednesday a third round of quantitative easing, QE3, may be up ahead, if the tepid U.S. economic recovery doesn't improve. However, Fed Chairman Ben Bernanke, in Congressional testimony, underscored that the Fed is also considering other options -- or a monetary tightening -- if the recovery gains strength.
U.S. Rep Ron Paul, the libertarian Texas congressman, won't seek re-election to his House seat next year whether or not he wins the Republican presidential race, Paul said Tuesday.
Paul may be having his swan song just as his ideology is catching on
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.
President Obama said today that a debt deal with Congress needs to be devised within the next 10 days and will meet with top lawmakers at the White House tonight. Aides aid that the president will make one last push for major deficit reduction deals.
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.
Today is the Fourth of July, which marks the celebration of the United States' 236th birthday. This day marks the attainment of freedom from the Great Britain and the emergence of a sovereign country.
It was creativity, then confidence, and now aggression in Republican presidential candidate Michele Bachmann's political attacks against President Barack Obama.
New York Gov. Andrew Cuomo has set a special election for Sept. 13 to replace former U.S. Rep. Anthony Weiner, D-New York, in Congress. Coinciding with state primaries, six vacant seats in the state assembly are also up for grabs.
In an attempt to put it all on the table, the U.S. Senate's top Republican invited President Obama to a GOP lunch at the Capitol to discuss the ongoing dispute over the debt ceiling and related issues, but the White House on Thursday declined the invitation.
If President Barack Obama was hoping that his scolding of Republican lawmakers on Wednesday would spur action to the stalled debt talks, the GOP response made clear that the gulf between the two sides is larger than ever.