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President Barack Obama and Vice President Joe Biden meet with House Speaker John Boehner and House Majority Leader Eric Cantor in the Oval Office at the White House in Washington

Analysis: Debt debate diminishes everyone

The chaotic and often ugly debt-ceiling talks managed to avert a potential economic catastrophe but inflicted new damage to the political reputations of most of the key players.
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Moody's outlook means downgrade possible in 12-18 mths

Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.
Lamis Ali, 29, arrives for afternoon prayers at the Islamic Center of America in Dearborn

Muslim Americans Feel Optimistic, Patriotic: Poll

A Gallup poll revealed that American Muslims generally feel integrated into American culture and confident in its political institutions, challenging a perception that Muslims feel marginalized or detached from society.
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Top Senate Republican key figure in debt deal

Senate Republican Leader Mitch McConnell displayed his skills as a dealmaker to avert an unprecedented debt default that could have blown a hole in the U.S. economy and stung his party in next year's elections.
Boehner and McConnell speak at a news conference about the U.S. debt ceiling crisis, at the U.S. Capitol in Washington

U.S. Debt, Deficit Deal: The Big Questions

The debt-ceiling deal hammered out by the Republicans and the Democrats in the Capitol has averted the risk of calamitous cuts in federal spending, while ensuring failure to service debt will not arise. However, analysts say some big questions remain to be answered.
People offer flowers on a memorial stone in Tyrifjorden lake near Utoeya island

Norway Soul Searches on Crime After Rampage

Prime Minister Jens Stoltenberg urged Parliament Monday to preserve the democratic values of Norway as public pressure grew for stiffer sentences for serious crimes after an anti-immigration zealot's bloody rampage.
U.S. President Barack Obama

The Debt Deal: Barack Obama's Big Mistake

Observers say President Barack Obama should have pushed Republicans harder in debt deal negotiations. But the big mistake of Obama and Democrats wasn't raising the debt ceiling when they still controlled Congress in 2010.
U.S. President Barack Obama

New Round of Deficit Reduction Looms After Debt Limit Agreement

"The leaders of both parties, in both chambers, have reached an agreement that will reduce the deficit and avoid default," President Obama announced Sunday night. The long-awaited and momentous agreement would cut 1 trillion dollars from a 10-year budget and raise the debt ceiling to beyond the 2012 elections.
Financial Crisis: U.S. Debt Ceiling in Pictures

Senate Vote on Debt Deal May Occur Sunday

It was John Lennon who said there are no problems, only solutions, and on Sunday Congressional Democrats and Republicans continued to work on a bill that would avert a dreaded U.S. Government default. If the two sides continue to make progress, a vote on the bill could occur as early as Sunday night.
U.S. President Barack Obama

Top Republicans Confident of Debt Deal with Obama

Top congressional Republicans said on Saturday they were in serious talks with President Barack Obama to break a U.S. debt limit deadlock and were confident the risk of default by the world's largest economy could be avoided.
U.S. President Barack Obama

Mood Tense as Lawmakers Struggle for Debt Deal

A bitter mood prevailed on Capitol Hill as lawmakers struggled on Saturday to find a compromise measure to lift the nation's $14.3 trillion debt limit three days before the deadline to avert a ruinous default.
Senate Majority Leader Harry Reid

Lawmakers race against clock on debt limit

Facing a deadline to avoid a ruinous default, congressional leaders on Saturday braced for a tense weekend of negotiations to try to reach a compromise on a measure to increase in the country's $14.3 trillion debt limit.
Senate Majority Leader Harry Reid speaks at a news conference in Washington

Democrats try to break debt impasse

Senate Democrats aimed to seize the initiative in efforts to head off a ruinous debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.
China paper castigates "irresponsible" U.S. debt crisis

China paper castigates "irresponsible" U.S. debt crisis

The mouthpiece of the Chinese Communist Party has castigated the United States' handling of its debt crisis as "irresponsible" and "immoral," saying in a Saturday editorial that the U.S. democratic system was to blame for the "farce."
U.S. President Barack Obama participates in a town hall meeting at the University of Maryland in College Park

Obama Loses Ground in Presidential Race: Poll

The latest poll conducted by Pew Research Center for the People & the Press, from July 20-24 among 1,501 adults and 1,205 registered voters, shows that 41 percent of registered voters would like to see Barack Obama reelected, while 40 percent would prefer to see a generic Republican candidate.
2012 Election

Tea Party shows its clout in debt debate

They have been accused of holding Washington hostage by pushing the United States to the brink of a damaging debt default. The world is watching anxiously as the debt impasse drags on.

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