President Barack Obama said on Saturday political sacrifices will be needed by both Democrats and Republicans to break a budget impasse and avoid a looming debt default.
NASA space shuttle Atlantis blasted off on Friday from the Kennedy Space Center in Florida, despite a stormy weather with a 70 percent chance of thunderstorm and rain that threatened to delay the launch.
Dismal unemployment figures on Friday complicated efforts to avert a looming U.S. debt default, and a top Republican said negotiators were not close to a deal that would ensure continued borrowing.
The week has passed, and people are yet to get over the shocking outcome of Casey Anthony Murder Trial. Space Shuttle Atlantis, Facebook's new video chat, President Obama's digital campaign for 2012 presidency run, hackers wrecking havoc with two official Twitter sites and rare-earth minerals on the floor of the Pacific Ocean- all generated a good amount of public debate this week. A quick roundup of this week's major headlines
The 140-character magic from online social networking site Twitter is increasingly pushing the traditional news providers to the corner. The day when Twitter emerges as the first source of news is not far.
Betty Ford, the widow of President Gerald Ford, died Friday night at the age of 93, said the director of the Gerald R. Ford Presidential Library and Museum. Ford founded an addiction center in California after she struggled for years with relentless addictions to painkillers and alcohol
BP Plc wants to limit future claims related to its Gulf of Mexico oil spill disaster as the region's economy recovers, the oil company said in a document made public on Friday.
Space shuttle Atlantis rocketed off its seaside launch pad on Friday, rising atop a tower of smoke and flames as it left Earth on the final flight of the U.S. space shuttle program.
June's dismal employment figures weigh heavily against President Barack Obama's bid for re-election, if history is any guide.
U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.
Minutes after learning of an uptick in unemployment in the month of June, Michelle Bachmann quickly wasted no time in using the report as a barometer on Obama's economic policies.
Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?
U.S. jobs growth ground to a near halt in June, with employers hiring the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.
In a Rose Garden statement, President Barack Obama Friday said the poor June jobs report was primarily due to the debate in Washington, which has been dominated by issues of debt limit.
The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year.
Stocks were set to open sharply lower on Friday after the June payrolls report fell short of expectations and dashed hopes the economic recovery had regained speed.
Suddenly, momentum is building in the nation's capitol toward what could be an historic deficit reduction package -- a grand deal deal of $4 trillion or more in cuts -- including changes to entitlement programs, cuts in defense spending, and selected tax increases via ending tax loopholes.
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
Stock index futures were little changed on Friday before government employment figures that should show if a lackluster recovery has regained speed.
Stock index futures were flat on Friday before the June U.S. payrolls report, which should give investors important guidance on the economy.
U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.
