The development comes only one month after she took over as IMF boss, succeeding Dominique Strauss-Kahn, who was forced to resign in wake of his sexual assault trial in New York City.
The two large banks decided to keep interests rates steady.
Faced with the prospect of a U.S. debt deal that could substantially shrink the military budget, U.S. Defense Secretary Leon Panetta posted a letter to Pentagon employees warning against 'misguided' cuts that could imperil the nation's security.
President Obama urged Congress on Wednesday to end the 12 day long FAA shutdown, as they recessed for the summer. The President remarked that members need not even return to town to resolve the dispute, and that it could be done through a procedural agreement when the debate resumes in September. He stated, "This is a lose, lose, lose situation that can be easily solved...."
New York City Mayor Mike Bloomberg is not waiting for Congress to address long-standing social concerns: he's donating $30 million of his money to launch a new $127 million program to improve the lives of thousands of young black and Latino men, who are cut off from New York City's civic, educational, and economic life.
Former Egyptian leader Hosni Mubarak pleaded "not guilty" to charges of corruption and complicity in a Cairo court Wednesday.
If you are disappointed or frustrated by how the Democratic Party handled the U.S. debt deal talks, just wait a few months.
The images of former Egyptian president Hosni Mubarak attending court proceedings lying down on a hospital stretcher, placed inside a meshed cage full of defendants, complete the story of mighty backlash. The court proceedings were televised live across the world, adding insult to his injury. But the majority of Egyptians are reckoning that Mubarak, who ruled the country with an iron fist, has got his comeuppance.
Two top Republican leaders have apologized to President Obama for using racially charged language while criticizing the White House policies.
The U.S. Postal Service, like much of the U.S. Government these days, is in belt-tightening mode. What's that mean for your local post office?
Egypt's Hosni Mubarak, accused of corruption and involvement in killing protesters, went on trial Wednesday, delighting those who overthrew him and ringing an alarm bell for other autocrats around the Arab world.
The world's largest economy was headed toward an unprecedented default, and all Washington wanted to talk about was the manner in which the president had left a room.
The White House said on Wednesday it was looking at ways to end a partial shutdown of the Federal Aviation Administration that has halted airport construction projects employing thousands of people and extended the summer's political battles.
President Barack Obama will take a three-day campaign-style bus tour through the American Midwest this month, as he tries to refocus attention on jobs seen as vital to his chances of winning re-election in 2012.
Some are blaming the Chinese government for a massive hack that victimized several government agencies in the U.S. and abroad.
U.S. officials called it the largest prosecution of people who participated in an online child exploitation enterprise operated for the purpose of promoting child sexual abuse, disseminating child pornography and evading law enforcement.
The California Earthquake Authority plans to take part in more catastrophe bond deals every four to six months after successfully closing its first one this week, the agency said on Tuesday.
Experts are baffled by the declines in violent crimes in the U.S.
Violent crime in the United States has been falling across the board for at least the past five or six years.
A total of five areas in Somalia suffering from famine, including the capital city.
A homeless man was the cause of a heightened security alert in Washington D.C., Wednesday after jumping the White House fence, though he was immediately apprehended by gun-pointing Secret Service agents.
Michele Bachmann's "no" vote ad is easy to run now that Congress avoided a financial disaster for America by passing the debt-ceiling bill.
Jigme Khesar Namgyel Wangchuck, aged 31, is the king of Bhutan, a tiny kingdom in the Himalayas. He was born February 21, 1980 (when Obama was already in college).
The U.S. debt deal has proved unpopular on all ends of the political spectrum, and it earned two prominent detractors on Wednesday with a critical op-ed piece by Erskine Bowles and Alan Simpson, who led a presidentially-appointed deficit reduction committee.
Norris, who as recently as last week was leading popularity polls, came under enormous pressure to extinguish his bid for the presidency.
House Representative Doug Lamborn told a Colorado radio show that being associated with President Obama's policies is like "touching a tar baby." He apologized for the remark on Wednesday.
Michele Bachmann's new ad in which she touts voting against raising the debt ceiling is questioned.
The financial problems in Rome in the early part of the third century AD stemmed from a military that was getting too large and expensive (one of the pitfalls of carving a huge empire that became too unwieldy.
State parks, recreational areas and reserves around the United States are closing their doors as severe budget cuts leave little room for operational costs.
According to a new report, the president's land seizure program has cost the country $12 billion.
