UNITED STATES

U.S. Economy

On Jobs, The US Congress, And You

Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.
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Dollar

Are Foreign Holdings Of US National Debt A Threat To Our Economy?

As the U.S. government spends an unprecedented amount of money to fix the economy, there's an equal need to raise the cash needed to pay for those fixes. As a result, Uncle Sam is forced to borrow from countries with high savings rates, such as China, to help cover the budget deficit.
A woman and a man dressed as zombies

'Zombie Economy' Could Be Bad For Obama

Politico's headline jolts readers the moment they sign on to the site and read, Zombie Economy Threatens Obama. After all the zombie apocalypse hysteria our nation has been experiencing lately, the walking dead have even made their way -- metaphorically, of course -- into the economy.
Barack Obama signing

Obama Signs Bill Extending Interest-Rate Relief For Student Loans

U.S. President Barack Obama on Friday signed into law a bill offering relief to millions of American college students. The measure will keep the interest rate for subsidized federal loans at 3.4 percent. The law will benefit about 7.4 million college students.
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Greek Prime Minister Pleads For More Time To Meet Bailout Terms

Greek Prime Minister Antonis Samaras requested on Friday that European Union (EU) and International Monetary Fund (IMF) creditors extend a ?237 billion bailout package for a grace period of two years to help the country survive its fifth year of recession.
Investors

New Investments In Euro Funds Restricted In The US

Three of the world's biggest financial institutions in the U.S. are closing their European money market funds to new investments after the European Central Bank (ECB) reduced its benchmark rate to a record low of 0.75 percent and slashed deposit rates to zero on Thursday, undermining global investor confidence.
BRICs IMF

Emerging Markets Lose Their Sparkle, IMF Says

Hopes that emerging markets will lead the world out of the global economic slowdown are beginning to dim.Christine Lagarde, managing director of the International Monetary Fund (IMF), voiced her concerns over the strength of the global economy, emphasizing that emerging markets, which currently account for two-thirds of global growth, were showing signs of weakening.
Jeff Bezos

The Amazon Smartphone? Plausible Way To Extend Reach, Brand ID

Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, could be on the verge of selling its own smartphones which would be made by the same Taiwanese contractor used by Apple (Nasdaq: AAPL), the world's most valuable technology company, reports said.
Pakistan turns to China as ties with U.S. suffer

Reading Pakistan, By The Numbers

Is Pakistan an enemy of the United States? For the past two years, the Obama administration has doggedly maintained that the South Asian nation remains a vital American ally, even as it has grappled with what it itself admits is a ?complicated? relationship.
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First 'Zombie Apocalypse,' Now 'Vampire' Attack In Texas?

A slew of crazed, often cannibalistic, attacks across the United States has left many people concerned about a so-called zombie apocalypse. But a craven new assault in Corpus Christi, Texas, -- has ignited fears about a vampire attacker.

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