WORLD

More news
President Barack Obama and Vice President Joe Biden meet with House Speaker John Boehner and House Majority Leader Eric Cantor in the Oval Office at the White House in Washington

Analysis: Obama suffers political setback in deal

President Barack Obama suffered a defeat in the battle over raising the U.S. debt limit that may have repercussions for his efforts to restore growth to the U.S. economy and win re-election in 2012.
A couple walks on the grounds of the U.S. Capitol Building during a snow storm in Washington

U.S. rating maintained by Moody's and Fitch

The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain.
President Barack Obama and Vice President Joe Biden meet with House Speaker John Boehner and House Majority Leader Eric Cantor in the Oval Office at the White House in Washington

Analysis: Debt debate diminishes everyone

The chaotic and often ugly debt-ceiling talks managed to avert a potential economic catastrophe but inflicted new damage to the political reputations of most of the key players.
At Issue: U.S. Job Market

House GOP: Can It Fulfill Its Promise to Create Jobs?

Would distributing $3,000 gift cards to every American over age 16 get the U.S. economy out of its slump, and create more jobs? The tactic is unconventional, but if the economy doesn't start creating more jobs soon, Congressional leaders may have to implement the unconventional.
U.S. President Barack Obama signs the Budget Control Act of 2011 in the Oval Office at the White House in Washington

Beijing Rating Agency Downgrades U.S. Debt Rating

A Beijing-based ratings agency on Wednesday downgraded the U.S. sovereign debt rating, while Western agencies such as Fitch and Moody?s reaffirmed their AAA rating, following Congressional approval of a plan to raise the debt ceiling.
Financial Crisis: U.S. Debt Ceiling in Pictures

Obama: Taxes Will Go Up

The Senate finally voted 74-26 to raise the debt ceiling to over 2 trillion dollars this afternoon and slash federal spending by a similar amount. As soon as President Obama officially signed the bill in the White House to allow the nation to continue borrowing money while increasing citizen taxes, he told America "Everyone is going to have to chip in. It's only fair."

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.