BARACK OBAMA

U.S. Rep. Michele Bachmann, R-Minn. supports raising the debt ceiling is if President Barack Obama's health care law is repealed.

The U.S. trade gap widened sharply in May to its highest level in 31 months as surging oil prices helped push imports to a near record and exports fell slightly from April's record high.

The U.S. trade gap widened much more than expected in May as a jump in oil prices helped push imports to the second highest level on record and exports fell slightly from April's record high, a U.S. government report showed on Tuesday.

On Monday, DC media outlets reported that First Lady Michelle Obama made a visit to a Washington, D.C. area Shake Shack and more than indulged herself. She ordered a burger, fries, milkshake, and a Diet Coke, totaling up to a whopping 1,700 calories.

Wikileaks founder Julian Assange is in an English court Tuesday fighting extradition for 2010 sexual misconduct charges in Sweden

U.S. Army Sgt. 1st Class Leroy Petry will receive the Medal of Honor -- the nation's highest military honor -- for his courageous actions in Afghanistan. Despite being wounded, Sgt. Petry threw a live grenade away from his fellow soldiers during combat, losing his right hand.

Wall Street was headed for a third day of losses on Tuesday as fears of a systemic crisis in the euro zone grew, sending index futures sharply lower.

President Barack Obama and top lawmakers will meet again on Monday in search of a deal on slashing the budget deficit and raising the $14.3 trillion debt ceiling before the United States defaults.

President Barack Obama and congressional leaders, struggling to break an impasse over taxes and spending cuts, will regroup on Tuesday to seek common ground for a deal to avoid a looming debt default.

President Barack Obama and top lawmakers fell short on Monday of finding enough spending cuts for a deal to avoid an August 2 debt default and Republicans came under fresh pressure to agree to tax hikes.

U.S. First Lady Michelle Obama will fly to California to attend former first lady Betty Ford’s funeral on Tuesday, according to the White House.

Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.

President Barack Obama on Monday increased pressure on Republican lawmakers to make concessions for a deal to avoid an August 2 debt default and said both sides must pull off the Band-aid and make sacrifices.

Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.

U.S. policymakers seeking an answer to the country's stubbornly high unemployment rate should not expect relief from small businesses, said a survey released on Monday by a powerful business lobbying group.

House Speaker John Boehner, R-Ohio, did not mince words Monday regarding who the American people should blame, if the U.S. Government defaults on its debt and Congress fails to raise the debt ceiling: President Obama and Congressional Democrats.

After months of effort, President Barack Obama and congressional Republicans are right back where they started as they try to avert a looming debt default: arguing over taxes.

Former New York City Mayor Rudy Giuliani will announce after a swing through New Hampshire whether he will run for U.S. president in 2012.

Stocks slumped more than 1 percent on Monday as worries about the U.S. budget talks and the euro-zone debt crisis sent a shudder through markets and overshadowed the start of earnings season.

President Barack Obama pushed congressional leaders for the largest possible deficit-reduction deal on Monday that would involve changes to popular entitlement programs, asking: If not now, when?

Wall Street fell more than 1 percent on Monday as fears over the U.S. budget and European debt crises sent a shudder through markets and overshadowed the start of corporate earnings reports.