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Fitch keeps US AAA rating, review ongoing

Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.

New Details Break the Ice in Polar Bear Scientist Investigation

Polar Bears
New details emerged Tuesday in the mysterious suspension of acclaimed polar bear scientist Charles Monnett. It appears that his 2006 paper on polar bear deaths is not in question. What is, however, is his management of a current study on "Populations and Sources of Recruitment in Polar Bears."
Presient Barack Obama and China's President Hu Jintao

U.S. Debt Still Poses Threat to Global Economy: Chinese Media

The U.S.' debt woes still threaten the global economy despite a last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
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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.
U.S. Deficit

Republicans pass Budget Deficit Plan

The House of Representatives approved a Republican plan to cut the budget deficit on Friday that is doomed to defeat in the Senate but which could pave the way for a bipartisan compromise to avert a U.S. debt default.
Now Hiring

Slow-Growth GDP, Unemployment Culprit: U.S. Companies Hoarding Cash

The U.S. economy grew at a slow-crawl pace in the first half of this year, slower than economists had expected. Unemployment remains high also. Until companies stop hoarding cash and start hiring again, the environment isn't likely to change soon.
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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.
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US Congress can work with lightning speed on debt compromise

The U.S. Congress, known for moving painfully slowly, can kick into high gear when it is staring down a deadline important to the entire country -- or when lawmakers are approaching their cherished August recess.
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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