House Speaker John Boehner, R-Ohio, took pains to underscore that not only have the debt deal talks resumed, he says all parties are working toward an agreement. Time certainly is of the essence: the U.S. has less than 10 days to raise the debt ceiling and avoid a default.
The Senate will likely begin consideration this week of a bipartisan fallback plan to avert an unprecedented U.S. default of its debt, senior Democratic aides said on Sunday.
Credit ratings agency S&P Friday, like Moody's Thursday, warned that the U.S.'s credit rating could be downgraded, if an agreement on raising the debt ceiling is not reached soon. Meanwhile, the Reid/McConnell 'last chance' debt deal plan appeared to gain momentum Thursday, raising hope that a debt deal agreement will be reached soon.
China Thursday called on the United States to adopt responsible policies and measures to guarantee the interests of investors -- a communique that highlights the rising concern about a possible U.S. Government default. Meanwhile, modest debt talk progress was noted on Day 5, with bipartisan agreement on at least $1.5 trillion in spending cuts over 10 years.
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 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.
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.
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.
President Barack Obama is pushing for deeper cuts in the U.S. budget that some key Republicans.
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.
It's highly unlikely that New York Gov. Andrew Cuomo will replace U.S. Vice President Joe Biden on the 2012 Democratic Party presidential ticket, but sometimes is U.S. presidential politics, the unexpected occurs.
National Education Association (NEA), the largest teachers union in the nation, has voted Monday in Chicago to give their support for President Barak Obama’s reelection bid next year.
After a group of cyber-criminals hacked the Fox News' Twitter account on Monday and tweeted a series of messages claiming Barack Obama was dead, the Secret Service is investigating the matter.
A Fox News Twitter account was hacked. On Monday, @foxnewspolitics tweeted out a series of disturbing messages claiming that Barack Obama was dead.
In another stunning act of hacking, a group thought to be an offshoot of the Anonymous broke into Fox News Twitter account and tweeted that President Obama was killed.
A Twitter account belonging to the Fox News network in the U.S. was hacked by a group who falsely declared that President Barack Obama had died.
Fox News Politics, which has over thirty thousand followers on Twitter, posted today morning ‘President Barack Obama assassinated.’
A video of President Barack Obama filmed in the White House and included in a fundraising e-mail sent to supporters is not legal, two election law experts say, CNSNews.com reported.
In an attempt to put it all on the table, the U.S. Senate's top Republican invited President Obama to a GOP lunch at the Capitol to discuss the ongoing dispute over the debt ceiling and related issues, but the White House on Thursday declined the invitation.
If your adjusted gross income is under $250,000, you may get a reprieve, if the Obama administration's latest deficit reduction proposal becomes law after debt ceiling talks have concluded. The administration is now said-to-be seeking to increase taxes on a narrow slice of the mega-rich, such as owners of private jets.
President Obama wants to end a tax break worth $72 billion to U.S. businesses. Doing so would be a big mistake.
President Barack Obama will meet with leaders from both parties Monday, seeking to overcome an impasse in negotiations over a deal to raise the federal debt limit.
