China bluntly criticized the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over.
A NATO helicopter crashed during a battle with the Taliban in Afghanistan, killing 31 U.S. soldiers and 7 Afghans, the Afghan president said on Saturday, a devastating toll and easily the worst single incident for foreign troops in 10 years of war.
In a stunning development, Standard & Poor?s Friday downgraded the U.S. Government's credit rating from AAA to AA+, arguing Washington has made inadequate progress cutting the budget deficit. The U.S. Treasury disagrees with S&P?s analysis and conclusion, but interest rates on U.S. home mortgages and car loans are likely to rise.
Consider the case of Canada, which lost its top-notch rating in April 1993 ? it took the country nine long, hard years to regain the coveted rating after enacting serious debt and deficit reductions.
Standard & Poor's has downgraded the U.S. debt rating, in a stunning move. More telling is why the agency downgraded the U.S. for the first time ever. S&P cited America's "less stable" political system as a reason for the downgrade.
The U.K. maintains a pristine AAA credit rating (which allows it to borrow money on international money markets pretty cheaply),
Perhaps the downgrade was not too much of a surprise.
August 6th marks the 66th anniversary of the world's first atomic bombing in Hiroshima, which cost an estimate of 140,000 lives by the end of 1945.Naoto Kan, Japanese Prime Minister, attended the anniversary in Hiroshima and reaffirmed the urgency to reduce Japan's dependence on nuclear energy.
China's commentary which came after credit rating agency Standard & Poor downgraded U.S credit rating from a top-notch AAA to AA+, harshly criticized U.S for its "debt-addiction" and short-sightedness of politicians.
The U.S. lost its AAA credit rating from Standard and Poor's for the first time in history, dealing a symbolic blow to the world's economic superpower. The impact of this downgrade is a matter of speculation.
China, the largest creditor of the world's sole superpower, hit out at the United States for its "debt addiction" and "short sighted" political wrangling in response to Standard & Poor's historic decision to downgrade the U.S. credit rating from AAA.
Insurgents in eastern Afghanistan shot down a NATO Chinook helicopter during an overnight operation killing 37 people on board, a military official said on Saturday.
The United States wouldn't enjoy "risk-free" top AAA credit rating any longer. Standard & Poor's decision, being questioned by many including the White House, to downgrade AAA rating to AA+ was based on an analysis which blew up U.S. deficits by $2 trillion.
Standard & Poor's focused too much on the messy political process leading to a debt-limit hike and made a $2-trillion error in its calculations about U.S. finances, sources familiar with the discussions claimed on Friday night.
The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.
In its rationale for lowering the U.S. top level credit rating, Standard & Poor's cited a "prolonged" political fight to raise the debt ceiling and "containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues."
U.S. food safety advocates are calling for changes to meat recall rules after regulators took months to warn the public about a Salmonella outbreak that has sickened nearly 80 people and caused one death.
President Barack Obama and the Democratic Party have nine months, or until about June 2012, to demonstrate to the American people that their policies can create 150,000 to 200,000 new jobs per month -- the amount needed to substantially lower employment and create ample opportunities for all.
President Barack Obama on proposed $120 million in new tax credits for businesses that hire U.S. veterans returning from Iraq and Afghanistan at a time of high unemployment at home.
Ending perhaps one of the strangest trials in recent years, which could go down in history as another example of why one does not represent himself in court, a Texas jury on Thursday found the leader of the largest polygamous religious sect in the U.S. guilty of two counts of sexual assault on a child.
Reportedly, Mubashir?s wife, Musarrat, who witnessed the murders, had called the police.
The United States Postal Service is bleeding cash and nearing default. The post office is asking Congress for help.
Nearly 15 percent of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture.
Women end their boycott of sex; husband happy
The attacks ? the only time nuclear weapons have ever been used in world history to date ? killed tens of thousands of people and shocked the planet with the scale of their destruction.
Federal auditors said on Friday that former senator and presidential candidate John Edwards owes the government more than $2 million in undeclared campaign funds.
The U.S. government recorded a $1.1 trillion deficit during the first 10 months of the fiscal year even though revenues have increased more than spending, the non-partisan Congressional Budget Office said on Friday.
Two campaign finance watchdogs are asking the Federal Election Commission and Department of Justice to investigate a $1 million donation given to a pro-Mitt Romney PAC by a corporation that no longer exists, the groups said on Friday.
One of the world's leading economists says don't get giddy over the July jobs report, which indicated the U.S. economy created a better-than-expected 117,000 jobs. NYU Professor Nouriel "Dr. Doom" Roubini, who accurately predicted the housing crisis four years ago, says U.S. GDP will be sub-par in 2011 and the risk of a recession is real.
Roseanne Barr announced on Thursday's show that she will be running for the presidency of the United States. She stated that her running mate will be all of the American taxpayers and that she would not run under either the Democrat or Republican parties, but instead run under the "Green Tea Party."
