BARACK OBAMA

Republicans are saying President Barack Obama's unveiling of a $3 trillion long-term deficit reduction plan -- dubbed the Buffett Rule -- that relies upon raising taxes on the wealthiest Americans is political posturing and window dressing.

President Barack Obama on Monday laid out a $3 trillion plan to cut U.S. deficits by raising taxes on the rich, but Republicans mocked it as a political stunt, signaling the proposal has little chance of becoming law. I will not support any plan that puts all the burden on closing our deficit on ordinary Americans, Obama said. We are not going to have a one-sided deal that hurts the folks who are most vulnerable.

The issue of Palestine is also likely to occupy Erdogan’s time.

U.S. stocks tumbled on Monday as growing fears of a Greek debt default prompted investors to sell risky assets and put an end to a week-long rally on Wall Street.

Bill Clinton reminds me of a washed-up, retired major league ballplayer who misses the spotlight and cheering crowds so much that he will do anything to remain relevant and in the public eye.

As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several years into a Japan-style lost decade.

Although President Obama’s new deficit reduction plan will be portrayed as a tax hike, in reality, it by and large returns the tax code, with a few exceptions, to levels that existed prior to the 2001 Bush income tax cut -- a cut that fundamentally altered the U.S.'s fiscal and economic trajectory. The nation has been trying to recover ever since.

Wall Street stock indexes were set to drop more than 1 percent at the open on Monday as renewed fears of a Greek debt default prompted investors to book some of last week's gains and turn to safer assets such as gold.

The Occupy Wall Street protest is disrupting Wall Street for a third consecutive day -- this time when the stock market will open. New York City police are limiting access to Wall Street Monday morning, requiring residents and workers in blocks surrounding the New York Stock Exchange to show identification.

U.S. stock index futures fell sharply on Monday as renewed fears of a Greek debt default prompted investors to book some of last week's gains and turn to safer assets such as gold.

President Barack Obama and Republicans in Congress are digging in to fight the 2012 U.S. election campaign over the budget and taxes, leaving a congressional super committee in political no man's land.

President Barack Obama is expected to make a raft of recommendations for changing tax law on Monday, in addition to his new proposed tax on the rich -- known as the Buffett tax after billionaire Warren Buffett -- which was disclosed on Saturday.

Stock index futures pointed to a sharply lower open on Wall Street on Monday, as renewed fears of a Greek debt default prompt investors to book some of last week's gains and turn to safer assets such as gold.

President Barack Obama will unveil a plan to cut the U.S. deficit by about $3 trillion over the next decade with nearly half of the savings coming from tax increases.

President Barack Obama, in a rallying call to his Democratic base, will vow on Monday to veto any cuts in Medicare if Congress fails to raise taxes on corporations and wealthy Americans to curb the U.S. deficit.

It could almost be scripted. A U.S. politician threatens to take China on if he makes the White House. The official Chinese press level a barrage of criticism laced with sarcasm. Beijing's Foreign Ministry steps in offering a milder diplomatic response.

President Barack Obama will once-again try to right the nation's fiscal ship of state by proposing a new tax levy for U.S. taxpayers whose income exceeds $1 million per year. Congressional Republicans have already said they're opposed to the levy, but it remains to be seen whether that latter view will hold amid a public that wants upper-income groups to pay more in taxes.

“Occupy Wall Street” is a U.S. movement to occupy Wall Street and surrounding areas in Lower Manhattan.

Legendary investor Warren Buffett misses the mark more often than most people realize, but his view, shared by President Barack Obama, that the richest Americans should be taxed at the same rate as middle-class Americans, is on the money.

President Barack Obama will propose a new minimum tax rate for U.S. taxpayers who make more than $1 million to help lower the nation's $1.5 trillion long-term debt, according to media reports. This plan will be adopted from a suggestion made by billionaire investor Warren Buffett.

Italy Prime Minister Silvio Berlusconi's boastful conversations about his sexual encounters with eight women in one night, were wire-tapped as part of the ongoing investigation into an alleged prostitution ring surrounding him.