President Barack Obama on Monday blamed a downgrade in the United States' credit rating on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits.
After considering a resignation once a debt deal was reached, U.S. Treasury Secretary Timothy Geithner confirmed on Sunday that he will remain at his post at President Barack Obama's request, making him Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade.
Some of the most explosive teenage talent in the world is engrossed in the dark art of illegal hacking and waging cyber wars on governments and corporations. And then there are those young children who master the art of legal hacking in schools run by former hacking wizards.
With every gloomy economic report, debt crisis and mood swing on Wall Street, President Barack Obama's fight for re-election in 2012 gets a little tougher.
Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request.
Treasury Secretary Timothy Geithner will remain in the position at President Barack Obama's request. Geithner considered stepping down after the government borrowing limit was raised.
NATO tried to determine on Sunday if Taliban insurgents had shot down a troop-carrying helicopter in Afghanistan, killing 38 in the largest loss of life suffered by foreign forces in a single incident in 10 years of war.
It wasn't long after Standard & Poor's lowered the United States' credit rating from AAA to AA+, for the blame game to begin.
The massive importation of African slaves to the New World, and subsequent social interactions over five centuries has raised questions about who is really ?black.?
The Tea Party arrived in Washington after mid-term elections with talk of change in Washington. So far, Tea Party leaders have only been a distraction. To create change in Washington, they need to bring forth a plan and build consensus.
They bonded over golf, bickered over debt, and now President Barack Obama and House of Representatives Speaker John Boehner face even more tests of an uneasy relationship critical to a functioning government.
Activists said the death toll in protests across Syria a day earlier, when tens of thousands of demonstrators took to the streets on the first Friday of the Muslim holy month of Ramadan, had risen to 26.
The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.
The path to a debt deal took too long and was too divisive, and lawmakers must now work together to strengthen the country's fiscal position and spur growth, White House spokesman Jay Carney said on Saturday.
China's commentary which came after credit rating agency Standard & Poor downgraded U.S credit rating from a top-notch AAA to AA+, harshly criticized U.S for its "debt-addiction" and short-sightedness of politicians.
The United States wouldn't enjoy "risk-free" top AAA credit rating any longer. Standard & Poor's decision, being questioned by many including the White House, to downgrade AAA rating to AA+ was based on an analysis which blew up U.S. deficits by $2 trillion.
President Barack Obama on proposed $120 million in new tax credits for businesses that hire U.S. veterans returning from Iraq and Afghanistan at a time of high unemployment at home.
Slight improvement in jobs report is not enough, GOP hopefuls say.
Amidst union stalemates and subsidy negotiations, Congress passed a temporary bi-partisan reauthorization bill on Thursday that would allow the Federal Aviation Administration to collect taxes and return thousands of employees back to work after the shutdown.
America's unemployment rate improved slightly in July, but the high figure is weighing heavily against President Barack Obama in his re-election bid.
Army officer Donna Bachler has not had a regular paycheck since she left active duty four years ago, even though she boasts the kind of skills employers vie for.
President Barack Obama has asked Timothy Geithner to stay on as Treasury secretary and a decision is expected soon, officials said on Thursday.