U.S.

U.S. Army soldier Naser Jason Abdo

Fort Hood Suspect Abdo Naser Hails 2009 Killer Nidal Hassan

The US solider charged with an attempt to stage an attack on Fort Hood Military base shouted out in court the name of the defendant in the 2009 shooting at the military camp that killed 13 soldiers. The US military leadership chose to ramp up hiring Muslim personnel in the hope of creating a more inclusive culture within the army, but recent events are casting a shadow over the success of this policy.
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Euro feels the heat; USD waits on US debt vote

The euro stayed under pressure in Asia on Friday as worries about the euro zone debt crisis flared up following a jump in Italy's borrowing costs, while investors also kept the dollar at arm's length amid the ongoing threat of a U.S. debt default.
Republican debt plan faces close vote in Congress

Republican debt plan faces close vote in Congress

A bill to cut the deficit faced a nail-bitingly close vote in Congress on Thursday as the top Republican lawmaker sought to quell an internal revolt and push his plan to avoid a ruinous default.
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TSX plunges to July low on U.S. debt deadlock

Toronto's main stock index plunged more than 2 percent on Wednesday to its lowest point this month as weak U.S. data and a looming deadline for raising the U.S. debt ceiling sent investors searching for safety.
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America's Leaders Screwed up my Children's Future

With America edging ever closer to a default, and a downgrade in the US credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
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U.S. Debt Crisis Shakes Youth

If the debt ceiling isn't raised before Aug. 2, or if America's prized AAA credit rating is downgraded, it will mean at least a decade of financial instability to clean up after.
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U.S. Debt Crisis: Will America?s Youth Hate Their Parents' Generation?

With America edging ever closer to a default, and a downgrade in the U.S. credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
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Gold Up on Lack of US Debt Progress; Stocks flat

Gold prices hit a record high at more than $1,623 an ounce and Asian stock markets were largely flat, as news out of Washington indicated politicians were making little progress in ending the deadlock over lifting the U.S. debt ceiling.
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U.S. Open looms large for fit-again Del Potro

With his frustrating wrist injury finally behind him and the U.S. Open looming large next month, the smile is back on Juan Martin Del Potro's face as he prepares for this week's ATP event in Los Angeles.
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Dollar falls, gold rises with no US debt progress

Asian stocks and the U.S. dollar fell on Wednesday while gold hit a record high at more than $1,623 an ounce, as a drip feed of news out of Washington indicated politicians were making little progress on a plan to lift the U.S. debt ceiling.
US Post Office In Blacksburg, Virginia

U.S. Postal Service to Close 3700 Offices This Year

The U.S. Postal Service (USPS) announced today a list of nearly 3,700 retail offices to be studied and potentially closed as early as November and replaced by new Village Post Offices in an effort to compensate for losses.
President Barack Obama

Do Democrats and Republicans Worry More about Election and Less About Debt?

President Barack Obama's Monday night address to the nation voiced the gravity of situation and the urgency to reach a "fair compromise" on the ongoing debt talk. "Defaulting on our obligations is a reckless and irresponsible outcome to this debate. ... We would risk sparking a deep economic crisis - one caused almost entirely by Washington," Obama said.
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Asia shares up, investors calm on US debt deadlock

Asian shares edged higher on Tuesday, bouncing back from a slide the previous day, after U.S. stocks posted only modest losses in reaction to the worsening deadlock in Washington over raising the debt limit and avoiding a technical bond default.

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