The Eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.
A letter circulated Thursday by U.S. Sen. Jim DeMint, R-S.C., to members of the budget deficit super committee warned against the use of increased tax revenues to meet the goal of closing at least a $1.2 trillion gap in the budget deficit over the next decade.
Italy will allow the IMF to monitor its progress with long overdue reforms of pensions, labor markets and privatizations, European leaders announced on Friday, looking beyond the crisis in Greece to the far graver threat to the euro zone.
White House officials bristled on Thursday at the suggestion U.S. power within the G20 had been diminished by budget woes back home, as Europe looked toward an economically self-confident China for help.
U.S. employment rose less than expected in October, but a drop in the jobless rate to a six-month low of 9.0 percent and upward revisions to prior months' job gains pointed to underlying strength in the labor market.
U.S. employment growth was likely too weak in October to pull down the nation's lofty jobless rate, though it may have been strong enough to suggest some economic momentum is building.
Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long- delayed reforms of pensions, labor markets and privatization, senior EU sources said Friday.
U.S. employment growth was likely too weak in October to pull down the nation's lofty jobless rate, though it may have been strong enough to suggest some economic momentum is building.
The Republicans also offered their own infrastructure bill, which met a similar fate as President Barack Obama's.
Sarkozy allegedly took the joke well.
Naturally, the young entertainer took to Twitter to express his excitement.
A second piece of President Barack Obama's $447 billion jobs plan is headed for defeat in the U.S. Senate on Thursday.
Bank of America Corp , which earlier this week canceled plans to charge a $5 monthly fee to use a debit card after loud protests, was not sure how to implement the plan and disclosed it only in an effort to be transparent with customers, a bank executive said.
The Obama administration's ongoing headache over Solyndra promises to continue, as a House panel voted to subpoena documents related to the company Thursday, according to Politico. Meanwhile, details emerged that the White House considered bailing out the defunct solar company days before it declared bankruptcy.
A new report by the Daily Mail indicates that the United States and Britain are working together to draft a plan to attack Iran as evidence of new nuclear weapons capabilities in the Middle Eastern country arises.
President Barack Obama's SuperPAC Priorities USA Action has released an ad targeting Mitt Romney.
Condoleezza Rice book No Higher Honor released on Nov. 1.
Forbes released its list of the 70 most powerful people in the world, with the leaders of the U.S., Russia and China topping the list.
In God We Trust was officially reaffirmed as the official national motto of the United States on Wednesday by the House of Representatives. Why did the Republicans bring this vote up now, and was it a good idea?
President Obama saw his popularity increase in the latest Quinnipiac University national poll released Tuesday.
The common wisdom is that next year's election will be a referendum on President Barack Obama, but it could actually be the vice presidential candidates who decide the outcome, according to a Suffolk University poll of Florida voters.
Republican presidential candidate Herman Cain said on Wednesday that his opponents are trying to destroy me over allegations of sexual harassment that have rocked his 2012 bid.