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Wall Street falls on debt gridlock worries

Stocks fell on Tuesday as concerns about debt ceiling talks offset strong earnings from blue chip companies.

Wall Street set for flat open, debt stalemate weighs

Wall Street was set to open little changed on Tuesday as earnings from blue chips like Ford extended optimism about a strong earnings season, but the debt ceiling stalemate kept investors nervous.

Futures edge up on Ford results, eyes on debt talks

Stock index futures edged higher on Tuesday after earnings from blue chips like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.

Futures edge up Ford results, eyes on debt talks

Stock index futures edged higher on Tuesday after earnings from blue chips like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.

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Do Democrats and Republicans Worry More about Election and Less About Debt?

President Barack Obama's Monday night address to the nation voiced the gravity of situation and the urgency to reach a "fair compromise" on the ongoing debt talk. "Defaulting on our obligations is a reckless and irresponsible outcome to this debate. ... We would risk sparking a deep economic crisis - one caused almost entirely by Washington," Obama said.

Asia shares up, no signs of panic over U.S. debt

Asian shares edged higher on Tuesday, rebounding from Monday's fall, but the dollar slid to a record low against the Swiss franc after a speech by U.S. President Barack Obama gave no sign a deadlock in Washington over raising the debt limit was easing.

Obama urges compromise to avoid reckless default

President Barack Obama called on Republican and Democratic leaders on Monday night to reach a fair compromise on raising the debt ceiling to avert a reckless and irresponsible national default.

Timeline: Congress has a week to write a debt deal

The Congress faces an August 2 deadline for raising the government's $14.3 trillion limit on borrowing and averting a potentially catastrophic default.

Japan repeats warning on yen rise as calls for action grow

Japanese Finance Minister Yoshihiko Noda kept up his warning to markets against pushing up the yen too much, saying that he was aware of demands from the business sector for authorities to act against yen rises that hurt the export-reliant economy.

Asia shares up, investors calm on US debt deadlock

Asian shares edged higher on Tuesday, bouncing back from a slide the previous day, after U.S. stocks posted only modest losses in reaction to the worsening deadlock in Washington over raising the debt limit and avoiding a technical bond default.

NAACP head likens voter ID measures to Jim Crow

The head of the nation's oldest and largest civil rights group on Monday condemned state laws requiring photo identification of voters as an attempt to disenfranchise minorities through some "of the last existing legal pillars of Jim Crow."

Obama: 'Balanced Approach' Is Best Debt Deal

President Barack Obama, in an address to the nation Monday night, reiterated the need for a "balanced approach" to deficit reduction -- one that includes both substantial budget cuts and revenue increases, and he warned that if the debt ceiling is not raised, it would trigger a "deep economic crisis."

Rival debt plans pushed as deadline looms

Top lawmakers rolled out dueling debt plans on Monday that offered little prospect for compromise, increasing the threat of a ratings downgrade and national default, as President Barack Obama prepared to address Americans on the impasse.

Swiss franc hit all-time high vs USD

The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.

Why It?s a Mistake for NASA to Scrap the Space Shuttle Program

The future of NASA is all about deep space exploration now.

Former Alaska governor Sarah Palin greets supporters as she arrives for the premiere of a documentary about her entitled "The Undefeated" in Pella, Iowa

2012 Presidential Run: Tough Way Waiting for Sarah Palin

Sarah Palin is trending, whether it is glamor, charm or anything that gains grounds in today's world. But it will not undermine her candidacy for a presidential run in the United States, as long as her attitude and intent to work in the best interests of the people are kept intact.

Obama: Spending cuts alone not answer on deficit

President Barack Obama, taking a combative tone in a standoff with congressional Republicans over the U.S. debt, said the country cannot deal with its budget problems through spending cuts alone.

Obama on Immigration Reform: 'I Need A Dance Partner'

President Barack Obama sought to defend his record on immigration during a Monday speech to the National Council of La Raza, saying Republicans were stalling any meaningful reform.

Traders work on the floor of the New York Stock Exchange

Futures slump as debt talks result in no deal

U.S. stock index futures fell sharply on Sunday as failure so far by the government to strike a deal on the debt ceiling made the prospect of default -- once considered an impossible outcome -- more likely.

House Republican: Obama Would Be Impeached After Default

Rep. Steve King, R-Iowa, said Monday that President Barack Obama "would be impeached" if the nation falls into default.

Reid Offers $2.7 Trillion Spending Cut Plan

Call it 'dueling debt plans': Sen. Harry Reid, D-Nev. announced Monday a $2.7 trillion spending reduction plan, while House Speaker John Boehner, R-Ohio, announced a 2-stage spending cut plan, $1 trillion now, and $1.2 trillion next year. If the two sides can get down to negotiating, Monday will be a day of progress in the debt deal saga.