BARACK OBAMA

Standard & Poor's has downgraded the U.S. debt rating, in a stunning move. More telling is why the agency downgraded the U.S. for the first time ever. S&P cited America's "less stable" political system as a reason for the downgrade.

China's commentary which came after credit rating agency Standard & Poor downgraded U.S credit rating from a top-notch AAA to AA+, harshly criticized U.S for its "debt-addiction" and short-sightedness of politicians.

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.

The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.

The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy.

President Barack Obama and the Democratic Party have nine months, or until about June 2012, to demonstrate to the American people that their policies can create 150,000 to 200,000 new jobs per month -- the amount needed to substantially lower employment and create ample opportunities for all.

President Barack Obama on proposed $120 million in new tax credits for businesses that hire U.S. veterans returning from Iraq and Afghanistan at a time of high unemployment at home.

U.S. President Barack Obama hailed a positive jobs report on Friday but said more job growth is needed and predicted the situation will improve over time.

When you are the leader of the free world, you can invite whomever you want to an event and they will show up.

U.S. job growth accelerated more than expected in July, tamping down fears the economy was sliding into a fresh recession and giving the Federal Reserve some breathing room.

Slight improvement in jobs report is not enough, GOP hopefuls say.

Presidential candidate Rick Santorum excoriated America's ailing education system on Thursday, suggesting that some of President Barack Obama's supporters are influenced by "indoctrination" in school curriculums.

Kate Middleton officially joined the style elite, ranking on the top of Vanity Fair's International Best Dressed list.

America's unemployment rate improved slightly in July, but the high figure is weighing heavily against President Barack Obama in his re-election bid.

Up to now, the dispensers of global financial justice -- the bond vigilantes -- have given the United States a free ride regarding its large budget deficit and national debt. But history say that can't last forever, which is why it's in the nation's long-term interest to enact the second half of budget cuts called for in the U.S. debt deal.

Despite having not yet announced his candidacy, many are seemingly already considering Texas Gov. Rick Perry as the man with the best chance to defeat President Barack Obama in 2012.

Jimmy McMillan, who ran for governor on the "Rent is Too Damn High" platform, knows all too well the issues he was running on: he is facing eviction from his rent-controlled apartment as his landlord seeks to raise the pretty damn reasonable rent.

Solid July job gains calmed U.S. markets on Friday, but Wall Street remained nervous among talk that the nation may be falling into a double-dip recession.

Stocks tumbled across the globe on Thursday amid growing worries about the U.S. economy and Europe's mounting debt problems, reviving fears of another deep recession.

In a move to expand America's domestic oil and gas exploration, the Department of the Interior began to reverse a moratorium on offshore drilling by approving Royal Dutch Shell's request to drill exploratory wells in the Arctic Ocean.

Disgusted with a U.S. debt deal battle that had the nation teetering on the edge of default, Americans registered their highest ever disapproval rating for Congress and said the focus needs to shift from deficit reduction to generating jobs.