President Barack Obama and top lawmakers will meet again on Monday in search of a deal on slashing the budget deficit and raising the $14.3 trillion debt ceiling before the United States defaults.
President Barack Obama and congressional leaders, struggling to break an impasse over taxes and spending cuts, will regroup on Tuesday to seek common ground for a deal to avoid a looming debt default.
President Barack Obama and top lawmakers fell short on Monday of finding enough spending cuts for a deal to avoid an August 2 debt default and Republicans came under fresh pressure to agree to tax hikes.
U.S. First Lady Michelle Obama will fly to California to attend former first lady Betty Ford’s funeral on Tuesday, according to the White House.
Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.
President Barack Obama on Monday increased pressure on Republican lawmakers to make concessions for a deal to avoid an August 2 debt default and said both sides must pull off the Band-aid and make sacrifices.
Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.
U.S. policymakers seeking an answer to the country's stubbornly high unemployment rate should not expect relief from small businesses, said a survey released on Monday by a powerful business lobbying group.
House Speaker John Boehner, R-Ohio, did not mince words Monday regarding who the American people should blame, if the U.S. Government defaults on its debt and Congress fails to raise the debt ceiling: President Obama and Congressional Democrats.
After months of effort, President Barack Obama and congressional Republicans are right back where they started as they try to avert a looming debt default: arguing over taxes.
Former New York City Mayor Rudy Giuliani will announce after a swing through New Hampshire whether he will run for U.S. president in 2012.
Stocks slumped more than 1 percent on Monday as worries about the U.S. budget talks and the euro-zone debt crisis sent a shudder through markets and overshadowed the start of earnings season.
President Barack Obama pushed congressional leaders for the largest possible deficit-reduction deal on Monday that would involve changes to popular entitlement programs, asking: If not now, when?
Wall Street fell more than 1 percent on Monday as fears over the U.S. budget and European debt crises sent a shudder through markets and overshadowed the start of corporate earnings reports.
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.
Space shuttle Atlantis arrived at the International Space Station on Sunday to deliver a last batch of supplies to the orbiting outpost on the final flight of the U.S. shuttle program.
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.
President Barack Obama is pushing for deeper cuts in the U.S. budget that some key Republicans.
What is it about Sarah Palin? Support her or not, the Republican side of the U.S. political community has not seen as personable a public figure in decades, which is why the 2012 GOP nomination for U.S. president will not be decided until her intentions are known.
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.
U.S. Defense Secretary Leon Panetta says America is close to defeating Al Qaeda in the war against the terrorist group that's been fought for a decade.
A look back at the life of Former First Lady Betty Ford
