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?
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%.
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.
Republican presidential candidate Michele Bachmann defied party leadership by maintaining her unwavering opposition to raising the debt ceiling, dismissing any risk of default.
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.
The text of President Barack Obama's statement on the Mumbai attacks. Obama strongly condemn[s] the outrageous attacks in Mumbai, and my thoughts and prayers are with the wounded and those who have lost loved ones.
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.
The Republican Party today is one where ideological purity trumps any spirit of compromise or pragmatism
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., 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?
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.
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.
A debt default would have a catastrophic effect on the nation's financial system and also deal a huge setback to New York City, Mayor Michael Bloomberg said on Tuesday.
The Obama administration pushed harder for its strict deadline of January 2013 to certify state health insurance exchanges and proposed that each exchange - showing progress - receive conditional approval, in becoming fully operational by January 2014.
House Speaker John Boehner, R-Ohio, rejected the notion that he and President Barack Obama had reached a grand dealon raising the debt limit which he spoke of during his news conference Monday.
The rhetoric is getting hot and heavy inside the beltway regarding the debt talks. On Tuesday, the Republicans essentially said the Democrats haven't offered a viable debt deal proposal and President Obama said Republican reluctance to compromise could prevent senior citizens from receiving Social Security payments on August 3.
Senate Minority Leader Mitch McConnell, R-Ky., assailed President Barack Obama's attempt to forge a grand debt deal as smoke and mirrors, a sign of intensifying rhetoric inside the beltway, as the deadline to strike a compromise draws closer.
On the same day that Human Rights Watch released a report calling for former President George W. Bush to be prosecuted for alleged war crimes, the United Nations assailed the Obama administration for obstructing an investigation into alleged abuses of another detainee: Pfc. Bradley Manning.
OPINION: As President Barack Obama and Congressional Democrats have to negotiate a debt deal and prevent the totally avoidable -- a U.S. default on its debt -- Tea Party Republicans appear only to be interested in one thing: getting their way, even if it hurts the nation.
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.
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.
