America's 50 state governments owe a total of $4.19 trillion, including outstanding bonds, unfunded pension commitments and budget gaps. Here's a look at the top five states with the heaviest debt burdens in the country.
Former Florida governor Jeb Bush renewed his call for Republicans to reconsider their immigration platform on Tuesday, warning attendees of a panel discussion that the future of the party is at stake.
The U.S. economy expanded slightly faster than initially thought in the second quarter, but the pace of growth is still too slow to create enough jobs and drive down the unemployment. Economists are forecasting even slower growth in the second half of 2012, which will probably keep expectations of additional monetary stimulus from the Federal Reserve intact.
Although the tropical storm Isaac forced the cancelation of Monday's opening session of the Republican National Convention in Tampa, the conference was finally kicked off Tuesday with New Jersey Governor Chris Christie impassionedly challenging the Republicans to start "taking our country back" during his keynote speech.
Seven key events in the next fortnight that will determine whether the now-four-year-old euro zone crisis results in Greece and perhaps also Spain leaving and even whether the monetary union will survive. Here is a list of the seven critical dates with their corresponding events.
Spain's Catalonia region will ask for more than $6 billion from the nation's central government as it struggles with massive debts and an acute budget shortfall. Other Spanish regions are also lining up for similar aid requests.
Private sector deposits fell by nearly 5 percent in July to €1.509, European Central Bank data showed, as public confidence in the banking system continued to plummet amid a worsening economic situation.
The biggest event this week is Friday's Jackson Hole meeting. While this week's economic calendar is rather packed, Wall Street seems to care more about Federal Reserve Chairman Ben Bernanke's speech at the Kansas City Fed's annual economic symposium.
Asian stock markets ended lower Monday as concerns over the Chinese economic slowdown offset the expectations for more stimulus measures from the policy makers around world.
Lonmin PLC, the platinum producer whose Marikana mine in South Africa was the site of deadly protests during the past several weeks, is pushing for a return to business as usual after an operations shutdown caused by a wildcat strike and a period of national mourning.
Global automakers from Renault SA (Paris: RNO) to Ford Motor Company (NYSE: F) to Chinese companies like Geely Automotive are all racing to get a piece of the long-term potential promised by Africa's burgeoning automotive market. The continent's economy is on the rise, and despite very real improvements in the quality of life and standards of living in many African countries, risks for multinational manufacturers remain.
The Federal Reserve has room to deliver additional monetary stimulus to boost the U.S. economy, Fed Chairman Ben Bernanke told a Congressional oversight panel in a letter.
A Congressional Budget Office analysis released Wednesday warns the U.S. could be heading for a recession in 2013 if Congress enacts scheduled spending cuts and tax increases.
Using a model that incorporates state-level economic data, political scientists predict that Mitt Romney will notch a resounding 300 electoral votes -- far more than the 270 needed -- while capturing 52.9 percent of the popular vote.
The number of Americans lining up for new jobless benefits rose more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
he Markit Flash Eurozone PMI Composite Output Index, a measure of services and manufacturing order volumes, was 46.6 in August, down from 46.5 in July.
Puerto Ricans decide its future in November, weighing options that include remaining a U.S. territory or becoming a state. While some say Puerto Rican statehood is bad business for the U.S. others say the nation might be looking at the next swing state.
An unofficial gauge of human misery in the U.S. is now sitting at its lowest level in three years. Not four. In other words, while conditions have improved somewhat, Americans are still feeling miserable under President Barack Obama's watch and that obviously doesn't bode well for Obama's re-election chances.
All told, the number of ‘fat’ Americans far surpasses those of any racial, ethnic or religious minority.
The Iranian regime has good reason to restrict young people's access to education, regardless of gender.
The U.S. stock index futures point to a higher open Thursday as investor sentiment was lifted by expectations that policy makers around the world would announce monetary easing measures to regain the economic growth momentum.
Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world. It stands for your self-image.
