JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to be reined in by regulators or new laws.
U.S. will begin to issue licenses to allow investments in the country, but maintain the arms embargo.
A federal judge has ruled that provisions of a new law authorizing the U.S. government to indefinitely detain citizens violate the First and Fifth amendments, undercutting the Obama administration's claim that the measures are constitutional.
Not every one of the jokes prepared for the White House Correspondent's dinner was used -- and an especially controversial one got cut to avoid offending two prominent Republicans
While the Obama administration rejected to several section's of the House's proposed NDAA bill, a controversial indefinite detention provision for terrorism suspects was not among them.
The Obama administration has joined Democratic lawmakers in denouncing a Republican-sponsored measure to renew the Violence Against Women Act, saying the bill rolls back needed safeguards against domestic violence.
Kim Kardashian probably did not approve the bio written about her on IMDB, the world's most popular Internet movie database that compiles information related to movies, television programs, actors and more. But that did not stop author Jon C. Hopwood from typing out a snarky profile of Ms. Kardashian, revealing that he has a real talent for detailing the socio-economic patterns visible in Kardashian's talentless rise to fame in America as well as for sarcasm.
David Beckham and his L.A. Galaxy teammates were guests of President Obama at the White House on Tuesday.
The U.S. House of Representatives Speaker John Boehner will again call for spending cuts to match any increase in the debt limit that will allow the U.S. to pay its bills.
Former U.S. president George W. Bush told ABC News Tuesday that he supports White House hopeful Mitt Romney, the Republican party's presumptive nominee for president.
Chinese officials summed a UK ambassador to the Ministry of Foreign Affairs on Tuesday in an official complaint against British Prime Minister David Cameron and Deputy Prime Minister Nick Clegg. The two dignitaries spoke with the 14th Dalai Lama, the exiled spiritual leader of Tibetan Buddhists, on May 14.
Federal workers's salary information was exposed on Tuesday May 15, when a website containing the information went live on Tuesday morning. Paycheck information, which includes the state, agency, job title and salary, can all be accessed by logging on to DataUniverse.com.
As the leader of JPMorgan Chase & Co's hedging unit quit after trading losses that could end up exceeding $3 billion, the board seemed to be rallying behind CEO Jamie Dimon before the huge bank's annual shareholder meeting Tuesday.
In a bipartisan surge of opposition to the National Defense Authorization Act, an amendment aims to ensure that suspected terrorists captured on U.S. soil can not be detained indefinitely without trial.
For months in Great Neck, the leafy Nassau County, N.Y., suburb rocked last year by the revelation of cheating on SAT exams in its high schools masterminded by Samuel Eshaghoff whose mother was library president, there had been rumors of marital troubles between Assemblywoman Michelle Schimel and her husband Mark.
The Glass-Steagall Act of 1933 was a Depression-era law that separated investment and commercial banks. It was repealed in 1999 during the Clinton administration.
JPMorgan's large trading losses affirm the need for Wall Street oversight, the White House said on Monday, declining to comment on the specifics of the case while the U.S. Securities and Exchange Commission investigates it.
From Usher debuting his new songs to Will Ferrell as the guest host reprising his role as George Bush, Saturday Night Live (SNL) on May 12 was memorable, namely for the Justin Bieber, Michael Bolton and Natalie Portman cameo in the 100th Digital Short with Andy Samberg. Here is a recap of some of the best sketches from the Saturday, May 12 episode along with videos.
Speaking to the press and public in Iowa on Friday, Senator Rand Paul (R-Ky.), spoke out against President Barack Obama, who announced on Thursday that he believes same sex couples should be able to get married.
In a vote that solidifies the Republican Party's economic platform heading into the 2012 election, the House voted on Thursday to reverse mandated cuts to the Pentagon by slashing social assistance programs that largely benefit poor Americans.
Edward Klein's unauthorized biography contains several alleged, bombshell revelations.
President Barack Obama declared his support for gay marriage on Wednesday in an interview with ABC News. Less than 24 hours later, online denizens have slowly started developing memes surrounding POTUS's evolution on the issue.
