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The U.S. national debt hits $14.3 trillion

The U.S. national debt hit $14.3 trillion, reaching its legal borrowing limit on Monday.

Pile of debt would stretch beyond stratosphere

President Ronald Reagan once famously said that a stack of $1,000 bills equivalent to the U.S. government's debt would be about 67 miles high.

Pile of U.S. debt would stretch beyond stratosphere

President Ronald Reagan once famously said that a stack of $1,000 bills equivalent to the U.S. government's debt would be about 67 miles high.

Cornel West Calls Obama 'Black Mascot,' 'Black Puppet'

Cornel West, the Princeton Professor who strongly supported President Barack Obama on the campaign trail in 2008, has already previously expressed his disillusionment with what he says is the Obama administration's neglect of the poor and working class people in the United States while supporting the leaders of the nation's financial system.

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U.S Treasury Secretary Geithner addresses a news conference at the end of the G20 finance meeting in Paris

Geithner warns: Failure to raise debt ceiling may impact seniors

The threat that the U.S. federal government won’t be able to pay all of its bills by its already extended Aug. 2 looms large, but Treasury Secretary Timothy Geithner has another warning: If the nation’s $14.3 trillion debt ceiling isn’t raised, seniors reliant on Social Security and Medicare are to be worried about.

US, China upbeat on Asia-Pacific, conclude talks

China and the United States reached agreement to collaborate closely in the Asia-Pacific region after a two-day strategic and economic dialogue in Washington D.C. on Tuesday.

U.S.-China Clashes Laid Bare in Latest Talks

U.S. and Chinese officials in Washington on Monday laid out differences on human rights in China, U.S. exports on high technology products, and China's exchange rate as they held ongoing talks to resolve strategic and economic issues.

China pushes U.S. on debt ahead of high-level talks

China, wielding its huge dollar holdings, on Friday pressed Washington to tackle its huge fiscal deficit and said it would raise the issue of discrimination against Chinese investors at high-level talks next week.

China says yuan reform in focus for talks with U.S.

China staked out areas of contention with the United States on Friday ahead of strategic talks in Washington next week, including the pace of yuan reform and concerns about U.S. debt levels, but Beijing also stressed the two sides' co-dependency.

House panel OKs new way to fund home mortgages

A bill to create a new market for financing mortgages that would help wean the $10.6 trillion mortgage market off government support advanced in the House of Representatives on Tuesday.

Factories hold up despite slower growth

Business at U.S. manufacturers grew a bit more slowly for a second straight month in April but their costs rose to the highest level in nearly three years, an industry report showed on Monday.

U.S. mulls making more firms pay corporate tax: group

The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month.

Reid to Test Republicans on Deep Cuts, Medicare Changes

Senate Majority Leader Harry Reid - who is strongly against a budget proposal that will change the Medicare health care program for seniors to reduce costs - said Wednesday that he would test Republican senators commitment to the proposal by holding a vote.

Chairman of the Federal Reserve Bernanke testifies on the state of the U.S. economy before the House Budget Committee on Capitol Hill in Washington

The Federal Reserve will not Spoil the Party

This week’s Federal Open Market Committee (FOMC) meeting should not interrupt the recent positive performance of the US financial markets.

Consumers perk up, but home prices fall again

Consumers felt better about the short-term outlook for the economy in April as expectations about the pace of inflation and concerns about the labor market eased.

Consumers perk up but home prices fall again

Consumers perked up a bit in April as they lowered their forecasts for inflation and worried less about the jobs market, but yet another fall in house prices underscored the challenges facing the recovery.

Oil seesaws amid caution eyeing Fed meeting, inventory

Oil prices seesawed near unchanged in volatile trading on Tuesday, as investors eyed a U.S. Federal Reserve two-day policy meeting for any signal of a change in monetary policy.

Boehner: 'Chance' of No Vote on U.S. Debt Ceiling

House Speaker John Boehner said on Monday that 'there's a chance' a vote to raise the debt limit beyond $14.3 trillion may not happen if President Barack Obama 'doesn't get serious' about handling the nation's fiscal problems.

Ron Paul Explores 2012 Run: 'No One in Power' Intends to Pay Down U.S. Debt

Rep. Ron Paul R-TX, will announce Tuesday he is formally exploring the possibility of running for the U.S. presidency in 2012 and says Washington's leaders are not realistically trying to pay down the United States' $14.3 trillion debt.

Spot gold breaches $1,500, silver at 31-year high

Spot gold prices breached $1,500 for the first time and silver hit a 31-year high on Wednesday, supported by a weak dollar and concerns over a sovereign debt crisis in the euro zone.

McConnell Rejects Obama's 2014 Trigger for Deficit Cuts

Senate Minority Leader Mitch McConnell on Tuesday rejected the notion of committing to future budget cuts after the President leaves office as he appointed a fellow Senate Republican to a debt panel to discuss how to reduce the long-term federal deficits.

Geithner says no risk U.S. will lose AAA rating

U.S. Treasury Secretary Timothy Geithner, going on the offensive one day after Standard & Poor's threatened to lower its top-tier rating on U.S. government debt, said on Tuesday there was no risk of a downgrade.

Geithner: Agree First on Deficit Cuts Size, Specifics Later

Treasury Secretary Timothy Geithner on Tuesday said bipartisan framework that sets targets for deficit reduction over the long-term could could be agreed to in the next few months, but exactly how to go about that would not happen soon.

Treasury hits back at Dodd-Frank critics

The Obama administration fired a fresh salvo at Wall Street on Tuesday, telling critics of the U.S. financial reform law to knock off their attacks.

Deficit Deal Deadline is 2012 Election

Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.

Geithner: no risk U.S. will lose AAA credit rating

U.S. Treasury Secretary Timothy Geithner on Tuesday said there was no risk that the United States would lose its prized AAA credit rating, saying political prospects for long-term deficit reduction were improving.