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U.S. National Debt Clock

‘Last-Chance’ Debt Deal May Be Only Deal

It's been said that Congress never fails to underachieve and exasperate, and that's been the case with the debt talks, so far. The House GOP is currently wasting time with a balanced-budget bill that has almost no chance of becoming law, and the best Senate Democrats can offer is a minimal deficit reduction package.
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The U.S. Capitol

Summers: U.S. Default Would Be Worse Than Lehman's

A U.S. Government default must be avoided by Washington lawmakers at all costs, former U.S. Treasury Secretary Lawrence Summers underscored, as it would trigger a financial panic worse than that precipitated by the collapse of Lehman Brothers in late 2008.
U.S. Rep. Michele Bachmann, R-Minn.

Bachmann's Gay Rights Dogmatism Could Define Her Campaign

In a presidential campaign likely to be a referendum on President Barack Obama's economic management, GOP hopeful Michele Bachmann's gay rights views -- and the seemingly regular fallout they generate -- could make or break her 2012 presidential push.
America's Debt Clock is Ticking

U.S. Debt Ceiling Dilemma: Moody's Says Do Away With It

Moody's says the U.S. should eliminate its legislative debt ceiling limit altogether. Moody's says the limit does no good, since lawmakers can still approve expenditures anyway. Moody's says the debt ceiling limit only serves to create angst among bondholders as the limit is approached but not raised on a timely basis.
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Taliban Video Shows Execution of Pakistani Police

The Taliban has released a video showing the execution style killing of 16 Pakistani tribal Policemen who were captured in a cross- border raid from Afghanistan in June, the Associated Press reported.
U.S.  Rep. Michele Bachmann, R-Minnesota

Michele Bachmann's Gay Rights Views Take Center Stage

U.S. Rep. Michele Bachmann, R-Minn.,'s position on gay rights is playing an increasingly central role in her campaign, with Politico reporting that gay rights activists are focusing their energy on Bachmann as a foil for the gay rights movement.

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