Wall Street futures fell, the dollar dropped and gold rallied as Washington appeared no closer on Sunday to raising the debt ceiling to avert a devastating default.
President Barack Obama and Congressional leaders have missed a self-imposed Sunday deadline reach a deal to raise the U.S. federal debt limit, bringing the default deadline for U.S. obligations even closer.
House Speaker John Boehner, R-Ohio, took pains to underscore that not only have the debt deal talks resumed, he says all parties are working toward an agreement. Time certainly is of the essence: the U.S. has less than 10 days to raise the debt ceiling and avoid a default.
Top House and Senate leaders arrived at the White House on Saturday in a meeting called by President Barack Obama with the aim of advancing a negotiation to avert a federal default.
President Barack Obama summoned House Speaker John Boehner to White House after the Republican from Ohio threw the debt ceiling talks into disarray by withdrawing from discussions.
President Barack Obama said Friday that time for negotiations had ended after House Speaker John Boehner broke off talks on reaching a deal to raise the federal debt limit and handle the United States' long term debts and deficits.
The U.S. military is prepared to accept servicemembers who are openly gay and lesbian as President Barack Obama, Defense Secretary Leon Panetta, and Joint Chiefs of Staff Chairman Adm. Mike Mullen have certified that such a move won't harm military readiness.
President Barack Obama faces a powerful backlash from his own party for a proposed debt bargain that Democrats see as Obama handing a major victory to Republicans without preserving Democratic priorities.
President Barack Obama, D-Ill. and Speaker John Boehner, R-Ohio moved closer toward a landmark debt deal late Thursday -- one that would avoid a U.S. default and implement major tax code changes, if approved. However, aides to both were lowering expectations, given the importance of the talks, so as to not jeopardize delicate negotiations within each caucus.
The ongoing healthcare reforms cannot be isolated from the controversy that has exposed President Barack Obama's desperation to tag along his mother, who was often portrayed as a victim of health care insurers.
HIV-positive men who have sex with other men are at a high risk of contracting the Hepatitis C virus through sex, according to a new study of men in New York City.
Many of the amateur fundraisers who helped finance President Barack Obama's 2008 campaign will not return for the 2012 push, disillusioned by a perception that what was once a grassroots, outsider campaign has morphed into a big-money operation, Politico reported.
As the space shuttle Atlantis safely landed at 5:57 Thursday morning at Kennedy Space Center, it marked the end of one era of American space exploration.
When the space shuttle Atlantis safely touched down at 5:57 Thursday morning at Kennedy Space Center, it marked the end of one era of American space exploration.
The Gang of Six' debt plan, and President Obama's approval of its outline, has created momentum in Washington for a landmark deficit reduction package that would also avert a U.S. Government default, but two words could sap that momentum in a hurry: Tea Party.
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.
The Gang of Six senators have decided to band together once more, saying Tuesday that the bipartisan group has reached an agreement to trim more than $4 trillion off the deficit over the coming decade.
President Barack Obama's march to $1 billion in campaign cash continues, as a combination of small donations and effort by fundraising heavyweights garnered the president $46 million in the second quarter.
Mandela has been receiving a lot positive messages and best wishes from all over the world. But his birthday is inspiring an international day of community service.
U.S. President Barack Obama has defied and angered by meeting privately with the Dalai Lama, the exiled Tibetan spiritual leader.
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.
The US economy is at an inflection point after the end of the second round of Quantitative Easing (QE2). Two rounds of monetary and fiscal stimulus since 2008 have had only limited impact on growth or unemployment. The question is,'What next?' will there be another round of monetary and fiscal policy easing? Analysts at American Enterprise Institute for Public Policy Research (AEI) are of the opinion that fiscal and monetary policies have reached their limits.
