Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.
President Barack Obama will focus on two kinds of finances this week. The United States' and his own. Obama will take Air Force One to the West Coast this week in a trip combining talks on reducing the deficit at a pair of town hall gatherings and at a pair of fundraisers for his 2012 Presidential re-election campaign.
Treasury Secretary Timothy Geithner's statements on Sunday that Congress will raise the U.S. debt ceiling in the coming months are in line with separate recently-proposed long-term plans by the Democratic and Republican leadership in Congress and the White House to increase the debt by trillions of dollars in the next decade.
Another suicide bombing in Afghanistan has killed at least two people and injured seven in an attack inside the country’s defense ministry in Kabul.
Assessment and cleanup continued in North Carolina on Monday as the state recovered from a tornado outbreak which swept across the state on Saturday in which nearly two dozen people died, dozens of institutions and numerous homes were destroyed or damaged.
The U.S. government would risk damaging its credit worthiness if it doesn't agree to raise the national debt ceiling past $14.3 trillion in the next few months, U.S. Treasury Secretary Timothy Geithner said on Sunday.
Ten soldiers -- five foreign and five Afghans – were killed in an attack by a suicide bomber in eastern Afghanistan, according to the Afghan defense ministry.
The House of Representatives set the bar for an upcoming debate on the 2012 budget by passing a $3.5 trillion federal bill on Friday that spends $179 billion less than President Barack Obama's proposal in February.
President Barack Obama signed the law that officially averts a federal shutdown but objected to and vowed to repeal rules attached to it that prevent the use of money to transfer detainees out of Guantanamo Bay or to foreign countries.
The Obama administration urged the private sector on Friday to develop methods that consumers can use instead of passwords to identify themselves online and, in some cases, in brick and mortar stores.
The biggest difference between President Barack Obama and Republican plans on spending and over the next decade or so is in healthcare, although smaller, but significant spending differences remain in other categories. The U.S. debt, currently at $14.3 billion will grow by trillions of dollars under budget plans from both sides.
President Barack Obama continues pushing cyber security with the introduction of the National Strategy for Trusted Identities in Cyberspace (NSTIC).
Three Conservative MPs have said that Parliament should be recalled from Easter recess because Prime Minister David Cameron’s strategy in Libya is clearly designed to remove Moammar Gaddafi from power, which is not what the original intent was for the Libyan campaign, they claim.
President Barack Obama joked about his birthplace on Thursday at a campaign speech in Chicago where he prepared supporters at a fundraiser for a 2012 presidential re-election run.
The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.
The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.
Congress on Thursday passed a budget that covers the next five and half months, sealing last week's deal to avert a shutdown, with President Barack Obama set to sign it into law.
This article originally appeared in The Times, The Washington Post and Le Figaro
US President Barack Obama has joined with his counterparts in Britain and France, David Cameron and Nicholas Sarkozy, to pledge that the battle in Libya will persist until Moammar Gaddafi is removed from power.
Faced with an uneven world recovery and uncertain outlook, finance leaders were hoping on Friday to flesh out a plan to build a global economy less prone to the booms and busts of recent decades.
Members of the House of Representatives did their part to seal Friday's last-hour deal to avert a federal government shutdown by passing legislation that will fund the federal government until the end of fiscal year 2011, September 30.
Comedian Jon Stewart has mocked presidential hopeful Donald Trump’s ongoing “birther” remarks that allege current President Barack Obama may not have been born in the US.
