S&P?s stunning and controversial downgrade Friday in part reflected the firm?s assumptions about the U.S. political system?s ability to solve its problems. Others hold a more optimistic view, as Winston Churchill did. Churchill said, ?In the end, you can count on America to do the right thing - after she?s exhausted all other possibilities.?
Aaron Carson Vaughn, a navy SEAL from Tennessee, died in the helicopter crash in Afghanistan on Saturday, family members confirmed. Aaron Vaughn's family member told News Channel 3 that he was among 38 people who perished in a Taliban attack on a NATO Chinook troop transport helicopter over eastern Afghanistan.
Chinese economists said the U.S. credit rating downgrade by Standard & Poor's poses great risk to financial markets and expect it to prompt China, the world's biggest holder of U.S. Treasuries, to accelerate the diversification of its holdings.
China bluntly criticised the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over.
More than 20 SEAL Team 6 members perished in a helicopter crash when Taliban insurgents shot down a NATO Chinook troop transport, possibly with a rocket-propelled grenade over eastern Afghanistan on Saturday.
Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said.
Britain's Prime Minister David Cameron paid tribute to the United States and Afghan troops killed when Taliban insurgents shot down their helicopter in Afghanistan on Saturday.
Months of political rancor and a tsunami of special interest spending come to a head on Tuesday with historic recall votes for Wisconsin state lawmakers that some see as a pointer for the 2012 election.
Twenty-two Navy SEAL members were among 31 U.S. troops Killed on Saturday when Taliban insurgents shot down a Chinook helicopter over eastern Afghanistan. The nearly two dozen U.S. special forces who were killed were on a mission to rescue another team of military personnel pinned down by insurgents, a U.S. military official told CNN.
Activists said the death toll in protests across Syria a day earlier, when tens of thousands of demonstrators took to the streets on the first Friday of the Muslim holy month of Ramadan, had risen to 26.
The SEAL Team Six is the special operations unit responsible for the Pakistan raid that resulted in the death of Osama Bin Laden. Saturday's death is being considered the deadliest day for American forces serving the decade-long war.
In the event Monday witnesses a massive sell-off of Treasuries, bond yields would surge.
?We have total confidence in the solidity of the American economy,? Baroin told French radio.
While S&P?s downgrade of the U.S. Government?s credit rating is controversial, most agree that the U.S. fiscal condition is serious. And while both Democrats and Republicans increased the budget deficit, three major policy errors by President George W. Bush last decade substantially worsened the U.S.?s fiscal condition, and the nation has been trying to recover ever since.
China was quick to jump on Standard and Poor's (S&P) historic downgrade of U.S. debt.
Republican presidential hopefuls congresswoman Michelle Bachmann of Minnesota and businessman Herman Cain have also called for Geithner to quit.
Part of the problem is that the downgrade (while perhaps not a total surprise) arrived somewhat unexpectedly ? and during a period when markets are already extremely volatile and fragile.
Marking the deadliest incident in the decade-long war, a military helicopter was shot down by the Taliban in eastern Afghanistan Saturday night, killing 31 U.S. special operation troops -- most of whom were Navy SEALS from "Team Six" - the unit that carried out the raid that killed Osama bin Laden, officials said.
We have iPhones, iPods and iPads. Why not an ?iBank??
Texas Governor Rick Perry called a prayer meeting in Houston on Saturday. He attended, and prayed for President Barack Obama. Perry is expected to soon announce his bid as a Republican presidential candidate.
Saudi security forces have killed a gunman who had fired upon the palace of Saudi interior minister Prince Nayef bin Abdul Aziz Al Saud in Jeddah.
The path to a debt deal took too long and was too divisive, and lawmakers must now work together to strengthen the country's fiscal position and spur growth, White House spokesman Jay Carney said on Saturday.
America is broken. Here are five ways to fix the nation's health.
Six years ago, his Self-Defense party gained 11 percent of the vote in general elections, with Lepper coming in third in the presidential poll.
Standard and Poor?s, one of the Big Three rating?s agencies, just downgraded the U.S. sovereign debt from a sterling AAA to a less trustworthy AA+.
The last powerful storm to hit the Shanghai area, Matsa in 2005, killed 19 people.
Confidence in the U.S. Congress is at a historic low, more than half of Americans think that the Republican and Democratic parties are doing such a bad job that a third party is needed, and the word ?dysfunction? has been common currency in the drawn-out debate over the national debt.
President Barack Obama urged lawmakers on Saturday to set aside partisan politics after a fierce debt battle, saying they must work to put America's fiscal house in order and refocus on stimulating its stagnant economy.
Tolstoy thought unhappy families were unique in their unhappiness.
Attorney General Eric Holder will reassure families of September 11 victims when he meets them later this month that the Justice Department is seriously investigating allegations that News Corp reporters tried to hack victims' phones.
