ANALYSIS

U.S. President Barack Obama, D-Ill.

Obama Hails 'Gang of Six' Debt Plan

President Obama Tuesday indicated his support for a new deficit-reduction plan that is gaining momentum in the U.S. Senate, calling it a very significant step and one that is broadly consistent with the significant reduction he seeks in the nation's budget deficit. If approved by Congress, the deal would avert a U.S. Government default.
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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U.S. Army

U.S. Army Testing Smartphones in Exercises

As the saying goes, ‘you’re in the Army now,’ so you’ll be issued boots, guns, ammunition…and one day perhaps an iPhone. The U.S. Army is testing the feasibility of using smartphones in field operations.
U.S. Capitol

Congress Now Working on 2 Debt Deals - 1 Big, 1 Small

Sunday's Day 8 of the debt deal talks saw both sides express confidence that a grand bargain deficit reduction package would be reached, even as a parallel camp of lawmakers worked on a last-chance option containing a more-modest reduction; however, there was little new evidence Sunday that a deal was at hand.
President Barack Obama, D-Ill. with House Speaker John Boehner, R-Ohio

Debt Deal Likely to Hinge on Tea Party Compromise

Debt deal talks, Day 6: Unless the Tea Party compromises, a U.S. Government default is likely. For many voters, the Tea Party stance appears extreme, irresponsible, even irrational. But for Tea Party supporters, it’s a logical and necessary stance, when any compromise with a Democratic president is viewed as a defeat.
Miniclip is one of the most preferred online gaming sites in the world

Women: Gaming in, Sex Out

Women who play online games prefer their gaming sessions over shopping, taking bath and having sex.
U.S. Rep. Michele Bachmann, R-Minn.

Bachmann Leaves Church Accused of Anti-Catholicism

U.S. Rep. Michele Bachmann, R-Minnesota, and a candidate for the 2012 Republican Party's presidential nomination, has officially quit her home church in Minnesota that has been accused of holding anti-Catholic views.
U.S. President Barack Obama, D-Ill.

Obama: Americans Back Me, Not GOP, on Debt Deal

Score Day 6 of the debt talks a wash: House Speaker John Boehner, R-Ohio, said President Barack Obama, D-Ill., hasn't presented a real deficit reduction plan, but Obama countered that he not only has, but that the American people support his plan, which includes both revenue increases as well as spending cuts.
Carmageddon

Will 'Carmageddon' Trigger the 'Traffic Jam of the Century'?

'Carmageddon,' -- the weekend closure of a part of Interstate 405 in Los Angeles for construction and expansion, starts Friday at 7 p.m. PDT and ends Monday at 6 a.m. PDT. Advice from public officials is succinct: don't drive if you don't have to; also: shop and entertain close to home.
Senate Minority Leader Mitch McConnell, R-Ky.

S&P Warns of U.S. Downgrade, if no Debt Deal Is Reached

Credit ratings agency S&P Friday, like Moody's Thursday, warned that the U.S.'s credit rating could be downgraded, if an agreement on raising the debt ceiling is not reached soon. Meanwhile, the Reid/McConnell 'last chance' debt deal plan appeared to gain momentum Thursday, raising hope that a debt deal agreement will be reached soon.
Tiananmen Square in Beijing

China Urges U.S. to Act Responsibly on Debt Ceiling

China Thursday called on the United States to adopt responsible policies and measures to guarantee the interests of investors -- a communique that highlights the rising concern about a possible U.S. Government default. Meanwhile, modest debt talk progress was noted on Day 5, with bipartisan agreement on at least $1.5 trillion in spending cuts over 10 years.
Bush

Poll: Voters Blame Bush More Than Obama for Economy

American voters believe former President George W. Bush is primarily responsible, not President Barack Obama, for the U.S. economy's poor condition, a poll released Thursday indicated. What's more, 48 percent of those polled said they would blame the Republicans if the debt ceiling is not raised, while 34 percent would blame the Democrats.
Former Gov. Sarah Palin, R-Ala.

Sarah Palin: 'Don't Retreat, Reload' on Debt Ceiling

Former Gov. Sarah Palin, R-Alaska, redeployed her controversial gunplay rhetoric Wednesday, saying conservatives should not compromise and agree to raise the U.S. debt ceiling. Palin also said she isn't convinced that a U.S. Government default would be a calamity.
At Issue: U.S. Debt Ceiling

Moody's May Downgrade U.S. Debt, If Crisis Isn't Resolved

Moody's Investors Service has placed the Aaa bond rating of the U.S. Government on review for a possible downgrade, due to the debt deal talks stalemate in Washington, and the possibility of a U.S. debt default, the credit rating agency announced. Fed Chairman Ben Bernanke also said a default would trigger a major crisis.
Mayor Michael Bloomberg

Mike Bloomberg: U.S. Default Would Be Catastrophic

New York City Mayor Mike Bloomberg is quite candid regarding his evaluation of the impact of a U.S. Government default on the financial system: it would be catastrophic, and also hurt the nation's largest city.
U.S. Federal Reserve Chairman Ben Bernanke

Bernanke: Fed Weighing QE3 to Stimulate U.S. Economy

The head of the world's most powerful central bank said Wednesday a third round of quantitative easing, QE3, may be up ahead, if the tepid U.S. economic recovery doesn't improve. However, Fed Chairman Ben Bernanke, in Congressional testimony, underscored that the Fed is also considering other options -- or a monetary tightening -- if the recovery gains strength.
U.S. Sen. Mitch McConnell, R-Ky.

McConnell Plan: A Way Out of Debt Deal Crisis?

U.S. Sen. Mitch McConnell, R-Ky., says he may have a way out of the debt deal crisis -- a sort of last-chance option that would permit President Barack Obama to increase the debt limit, even if Democrats and Republicans can't immediately agree regarding how to cut the budget deficit. But will Conservative Republicans support it?

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