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Obama: political sacrifices needed for debt deal

President Barack Obama said on Saturday political sacrifices will be needed by both Democrats and Republicans to break a budget impasse and avoid a looming debt default.

Watch NASA's Last Space Shuttle Atlantis Launch, Live Stream (VIDEOS)

NASA space shuttle Atlantis blasted off on Friday from the Kennedy Space Center in Florida, despite a stormy weather with a 70 percent chance of thunderstorm and rain that threatened to delay the launch.

Dismal jobs picture complicates debt talks

Dismal unemployment figures on Friday complicated efforts to avert a looming U.S. debt default, and a top Republican said negotiators were not close to a deal that would ensure continued borrowing.

Week’s Hot News Roundup: From Casey Anthony’s Miraculous Escape to Rare-Earth Minerals Saving Apple

The week has passed, and people are yet to get over the shocking outcome of Casey Anthony Murder Trial. Space Shuttle Atlantis, Facebook's new video chat, President Obama's digital campaign for 2012 presidency run, hackers wrecking havoc with two official Twitter sites and rare-earth minerals on the floor of the Pacific Ocean- all generated a good amount of public debate this week. A quick roundup of this week's major headlines

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Unemployment Weighing Against Barack Obama's Re-election Campaign

June's dismal employment figures weigh heavily against President Barack Obama's bid for re-election, if history is any guide.

Jobs growth stalls, setting back recovery hopes

U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.

Bachmann, Romney Blast Obama Over Terrible Jobs Report

Minutes after learning of an uptick in unemployment in the month of June, Michelle Bachmann quickly wasted no time in using the report as a barometer on Obama's economic policies.

Warren Buffett Misses the Mark on Jobs, Housing

Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?

Jobs stall, setting back recovery hopes

U.S. jobs growth ground to a near halt in June, with employers hiring the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.

Obama: Stalled Debt Talks Hurt Job Growth

In a Rose Garden statement, President Barack Obama Friday said the poor June jobs report was primarily due to the debate in Washington, which has been dominated by issues of debt limit.

U.S. Job Market Remains Challenging for Job Seekers.

U.S. Adds Just 18,000 Jobs in June, Unemployment Up

The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.

Jobs barely rise, dousing hopes of economic revival

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year.

Wall St poised for drop on weak jobs data

Stocks were set to open sharply lower on Friday after the June payrolls report fell short of expectations and dashed hopes the economic recovery had regained speed.

President Barack Obama, D-Ill. with House Speaker John Boehner, R-Ohio

Obama, GOP Now Eyeing 'Grand Debt Deal' - $4T in Cuts

Suddenly, momentum is building in the nation's capitol toward what could be an historic deficit reduction package -- a grand deal deal of $4 trillion or more in cuts -- including changes to entitlement programs, cuts in defense spending, and selected tax increases via ending tax loopholes.

Jobs barely rise, dashing hopes of economic revival

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.

Market waits to see if employment gained strength

Stock index futures were little changed on Friday before government employment figures that should show if a lackluster recovery has regained speed.

Futures little changed before payrolls report

Stock index futures were flat on Friday before the June U.S. payrolls report, which should give investors important guidance on the economy.

Jobs seen boosting hopes of an economic revival

U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.

Casey Anthony sits at the defense table after the jury left to begin deliberations in her first degree murder trial at the Orange County Courthouse in Orlando, Florida, July 4, 2011.

Caylee's Law Gathers Support From Florida Lawmaker

Florida State Sen. Greg Evers, chairman of the Senate Committee on Criminal Justice, sent a letter to Senate President Mike Haridopolos Thursday asking for the go signal to draft legislation to better protect children.

Treasury market wilts as Fed waves goodbye

The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.

Rick Perry to Join GOP Presidential Race Soon, Insiders Say

It has become a question of when, not if Texas Gov. Rick Perry will announce his 2012 presidential campaign, according to political insiders in Austin.

Warren Buffett Says Housing, Unemployment Will Improve by Late 2012

Warren Buffett bets housing and unemployment will improve in America by late 2012 more than many economists expect.

U.S. President Barack Obama holds Joshua Blanchard

Obama's Father Considered Putting Him Up for Adoption

President Barack Obama's birth certificate proves he was born in United States, but he came close to growing up in a foster home.

Oklahoma Lawmaker to Introduce Caylee’s Law

Oklahoma lawmaker Republican Sen. Paul Wesselhoft on Wednesday said he will introduce Caylee's Law in his state, The Associated Press reports.

Obama on Debt Talks: 'Constructive' but Gaps Remain

They're getting there. That, in a few words, perhaps best characterizes the state of the nation's debt ceiling talks. President Barack Obama said Thursday Congressional Democrats and Republicans are making progress toward deficit reduction and raising the debt ceiling, but big gaps remain.

ADP, retailers lift shares before jobs report

Stocks rallied on Thursday, with the Nasdaq up for an eighth straight day, as strong labor market and retail sales data lifted optimism a day before the U.S. employment report for June.