President Obama is still mulling his options as he prepares to announce a schedule for withdrawing the 33,000 additional troops he committed to Afghanistan upon assuming office.
Republicans are showing an increased willingness to consider eliminating tax breaks as a weapon to reduce the deficit
President Barack Obama and House Speaker John Boehner put aside their political parties and teamed up for a triumphant golf game over Vice President Joe Biden and Ohio Republican Governor John Kasich.
Golf teammates President Barack Obama and House Speaker John Boehner enjoyed some cold drinks after several hours of golf on Saturday, after defeating the team of Vice President Joe Biden and Ohio Gov. John Kasich.
President Barack Obama and John Boehner took to the golf links just outside of Washington D.C. on Saturday as the rancorous political back and forth took a back seat.
President Obama and Vice President Joe Biden teed off against House Speaker John Boehner and Ohio Gov. John Kasich in a Saturday golf game near Washington.
Vice President Joe Biden said yesterday that negotiations on raising the debt ceiling are entering a contentious new phase now that Democrats and Republicans have agreed on cuts favored by both parties.
Republicans and Democrats grappled over the government's annual spending levels on Tuesday as they worked toward a deal that would narrow annual budget deficits and allow the country to continue borrowing at rock-bottom rates.
The chairman of the Federal Reserve warned on Tuesday that a failure to lift the government's borrowing limit could risk a potentially disastrous loss of confidence, giving further impetus to the latest round of deficit-reduction talks by top lawmakers.
Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America's creditworthiness.
Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America's creditworthiness.
Top lawmakers will tackle the politically treacherous topic of tax hikes in their next round of debt-reduction talks, a Republican involved in the discussions said on Tuesday.
White House and congressional negotiators are considering a $2.4 trillion rise in the U.S. debt limit to carry through to the end of 2012, which would require at least $2.5 trillion in savings over a decade or more, Republican Senator Jon Kyl said on Tuesday.
Sarah Palin said she didn’t mess up on Paul Revere. She said he did warn the British. Indeed, Revere did exactly that.
Mitt Romney is a Mormon. There is no escaping that fact, even if it’s politically incorrect and perhaps unconstitutional (Article VI, paragraph 3) to discriminate against him for his faith.
Treasury Secretary Timothy Geithner meets an influential group of freshman Republican lawmakers on Thursday to try to improve chances that Congress will increase his borrowing authority and prevent a government default.
More than 150 economists back House of Representatives Speaker John Boehner's call to match any increase in the debt limit with spending cuts of equal size, according to a letter released by the Republican leader's office on Wednesday.
President Obama will meet with House Republicans at the White House today in an effort to make progress on raising the nation's debt limit.
More than 150 economists back House of Representatives Speaker John Boehner's call to match any increase in the debt limit with spending cuts of equal size, according to a letter released by the Republican leader's office on Wednesday.
The House of Representatives on Tuesday defeated a bill to raise the debt limit in a vote staged by Republicans to strengthen their push for deep spending cuts in negotiations with the White House.
Sarah Palin, judging by her tour, may run for president in 2012 after all.
Experts warn that the worsening of the debt crisis means dramatic hike in interest rates, a free fall of the dollar and higher inflation. The negative impact of this scenario will be felt across the world, bedeviling economic recovery everywhere. Critics say the Federal Reserve mandarins are engaging in the outright destruction of the dollar.
