BARACK OBAMA

Vote delayed on debt bill as default date looms

Speaker of the House John Boehner spekas during a news conference on Capitol Hill
A Republican deficit reduction plan headed for two major votes in Congress on Thursday and its expected demise could force a compromise to avert an imminent and unprecedented debt default.

S&P: Deficit cuts of $4 trillion a good start

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Cutting the U.S. deficit by some $4 trillion over 10 years would be a good start, but more savings would be needed over time to bring the country's finances under control, ratings agency Standard & Poor's said on Thursday.
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Republican debt plan faces close vote in Congress

Republican debt plan faces close vote in Congress

A bill to cut the deficit faced a nail-bitingly close vote in Congress on Thursday as the top Republican lawmaker sought to quell an internal revolt and push his plan to avoid a ruinous default.
Financial Crisis: U.S. Debt Ceiling in Pictures

With No Deal Yet, Markets Brace for U.S. Default

There's no way to sugarcoat it: financial markets have started to react to the possibility that the U.S. Government might default. Democrats and Republicans in Washington appear to be no closer to a debt deal Thursday than they were last week -- and a damaging default is now staring the nation -- and global markets -- in the face.
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America's Leaders Screwed up my Children's Future

With America edging ever closer to a default, and a downgrade in the US credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
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U.S. Debt Crisis Shakes Youth

If the debt ceiling isn't raised before Aug. 2, or if America's prized AAA credit rating is downgraded, it will mean at least a decade of financial instability to clean up after.
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U.S. Debt Crisis: Will America?s Youth Hate Their Parents' Generation?

With America edging ever closer to a default, and a downgrade in the U.S. credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
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Will America?s Youth Hate Their Parents' Generation?

With America edging ever closer to a default, and a downgrade in credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
Dozens of Tea Party supporters, including one dressed as Captain America

Rival Debt Plans in Doubt, Alternatives Sought

Republicans and Democrats rushed to rework rival deficit reduction plans on Wednesday, but with the fate of both proposals heavily in doubt, top lawmakers pursued a behind-the-scenes compromise to avert a crippling U.S. debt default.
Senate Republicans

Rival U.S. Debt Plans in Doubt

Republicans and Democrats rushed to rework rival deficit reduction plans on Wednesday, but with the fate of both proposals heavily in doubt top lawmakers pursued a behind-the-scenes compromise to avert a crippling U.S. default.
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Stem Cell Research Can Continue, Judge Rules

A judge dismissed a lawsuit seeking to freeze federal funding for embryonic stem cell research, backing the Obama administration's push to ease restrictions on the controversial research technique.
U.S. House Speaker John Boehner, R-Ohio

Bid to break debt impasse faces new obstacles

A Republican proposal to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of a debt default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
U.S. President Barack Obama (R) and House Speaker John Boehner (R-OH)

Obama seeks "Plan B" as debt plans stall

A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks toward a deadline less than a week away.

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