BARACK OBAMA

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Wall Street set to rise on deals, earnings

Wall Street was set to rise on Friday after strong earnings from Google and Citigroup helped lift some of the angst about Europe's debt crisis and stalled U.S. budget talks that have overhung the market.

S&P Warns of U.S. Downgrade, if no Debt Deal Is Reached

Senate Minority Leader Mitch McConnell, R-Ky.
Credit ratings agency S&P Friday, like Moody's Thursday, warned that the U.S.'s credit rating could be downgraded, if an agreement on raising the debt ceiling is not reached soon. Meanwhile, the Reid/McConnell 'last chance' debt deal plan appeared to gain momentum Thursday, raising hope that a debt deal agreement will be reached soon.

Wall Street rollercoaster set for worst week in year

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Wall Street was heading for its worst week in nearly a year, with index futures little changed on Friday as macroeconomic concerns keep markets volatile and overshadow the start of U.S. corporate earnings season.
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Ron Paul Hits Airwaves with New Ads

Iowa and New Hampshire will be the first lucky states to hear Ron Paul issue his stern warning against raising the federal debt limit, as his new ad hits the airwaves in the early-voting states.
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At Issue: U.S. Debt Ceiling

Moody's May Downgrade U.S. Debt, If Crisis Isn't Resolved

Moody's Investors Service has placed the Aaa bond rating of the U.S. Government on review for a possible downgrade, due to the debt deal talks stalemate in Washington, and the possibility of a U.S. debt default, the credit rating agency announced. Fed Chairman Ben Bernanke also said a default would trigger a major crisis.
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Futures little changed ahead of JPMorgan results

Stock index futures were little changed on Thursday ahead of earnings from JPMorgan, the first big bank to report its quarterly scorecard as investors look for signs of weakness after a slowdown in the economy.
Mumbai Blasts (2 of 6)

Mumbai Blast Kills at Least 21 [PHOTOS]

In the country's deadliest terrorist attack since 2008, three bombs rocked the crowded neighborhoods of Mumbai, India's financial capital, during rush hour Wednesday, killing 21 people, Reuters reported.
U.S. Capitol

Sound-Off: Which Party Is to Blame for Debt Deal Crisis?

The nation's two political parties, the Democrats and Republicans, are at it again -- so far failing to agree on a budget deficit reduction package and a debt ceiling raise. But which party is to blame for this latest crisis?
janice hahn

Democrat Janice Hahn Wins House Seat

Democrat Janice Hahn defeated Republican Craig Huey Tuesday in a congressional election for the California House seat, according to unofficial results showing Hahn's votes of 54.6% to 45.4%.
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Dodd-Frank roll-back a risk to economy: Treasury

The law overhauling the financial system should continue to protect the economy in the future despite any challenges it's faced in its first year of existence, a top Treasury official said on Wednesday.
U.S. Sen. Mitch McConnell, R-Ky.

GOP Debt Talks Strategy: 'Refuse to Help Obama's Re-Election'

Top Senate Republican Mitch McConnell of Kentucky, assailed by his own party for a debt deal proposal that would surrender Congressional authority to President Barack Obama, laid out his brazenly political strategy for endorsing the move: shift the blame.
U.S. President Barack Obama

Obama Approval Rating in Arab World Now Worse Than Bush

Perceptions of the U.S. and President Barack Obama have nosedived in the Arab World to levels lower than during the Bush administration, a remarkable reversal for Obama, who made a speech vowing a new era of relations with the Arab world shortly after being elected.
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Wall Street to get lift from China growth

Stock index futures rebounded on Wednesday from three days of losses on stronger-than-expected growth in China, but investors closely watched developments in Europe's debt crisis.
U.S. Sen. Mitch McConnell, R-Ky.

McConnell Plan: A Way Out of Debt Deal Crisis?

U.S. Sen. Mitch McConnell, R-Ky., says he may have a way out of the debt deal crisis -- a sort of last-chance option that would permit President Barack Obama to increase the debt limit, even if Democrats and Republicans can't immediately agree regarding how to cut the budget deficit. But will Conservative Republicans support it?

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