The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.
On Sunday, China appointed 45 lawmakers to the congress in Sansha City, a Chinese prefecture established just last month. China Claims South China Sea Island With Military Garrison: Report
PBS receives about 15 percent of its total funding from the federal government, but that percentage is higher in rural areas where viewer support is lower. On July 17, House Republicans unveiled a spending bill that would eliminate funding for public television and its radio companion, NPR.
China will establish a military garrison on a disputed island in the South China Sea, amid escalating tensions that have strained its ties with the neighboring nations and the U.S.
Pranab Mukherjee, a veteran Cabinet finance minister backed by the ruling Congress party, was declared winner of the Indian presidential election Sunday.
Karlo Dizon, a Guam Redditor for three years, is competing in a primary race against longtime Guam Delegate Madeleine Bordallo to be the party's candidate in the general election for Guams' nonvoting delegate seat in the U.S. House of Representatives. Should Dizon win, it could be, as one person says, the biggest upset victory in the history of Guam politics.
Investors can monitor five stats to obtain a reading on the U.S. economy’s strength. Currently, these stats show a slowdown in U.S. GDP growth, which is why Congress should do more to create jobs and help increase the economy’s growth rate.
A group of U.S. Congress members demanded on Friday that the United Nations take responsibility for the cholera outbreak that hit the nation of Haiti beginning in 2010. The UN has so far not implicated itself in the incident.
The sudden removal of senior staff members at two Chinese newspapers known for irking government censors has sparked concerns of a media crackdown in the runup to China's decadal transition of power this October.
The Indian economy would see in this fiscal year its weakest growth rate in the past 10 years as the policy gridlocks and global economic uncertainties weigh heavily on the country.
U.S. stock index futures point to a higher opening Thursday as corporate earnings reported for the second quarter exceeded expectations, indicating that business conditions are on the path of revival.
Indian actor Rajesh Khanna, who starred in more than 160 films over the course of his 46-year career, died at his family home in Mumbai on Wednesday. He was 69. Khanna made a name for himself in the 1960s and 1970s just as Bollywood was coming into its own; during his heyday, he was often cast as the romantic lead. Of his 163 total films, he was the lead protagonist in 128 of them.
As Washington struggles to address America's intensifying fiscal woes, it is getting help from an independent and growing brigade of budget experts, business tycoons and civic leaders.
Seeking to avoid another extension of Bush-era tax cuts for the nation's top earners, Senate Democrats unveiled a plan to let tax breaks expire for all Americans and then implement a separate tax cut for middle-class Americans.
U.S. stock index futures point to lower opening Wednesday as investors were disheartened after the Federal Reserve gave no indication of stimulus measures to boost the economic growth.
Asian stock markets were mostly lower Wednesday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke during his congressional testimony disappointed investors.
Asian markets fell Wednesday as investors were disappointed to note that the U.S. Federal Reserve Chairman Ben Bernanke did not offer any hint of monetary easing measures to rejuvenate the faltering economic growth.
With last week's hubbub over Condoleezza Rice as possible veep, you may have missed how a House Republican group took legislative action to increase government subsidies to the one percent.
The other side of the coin -- receiving less attention but meriting far more -- is his determination to preserve the Bush tax cuts for those under the $250,000 threshold.
As the national debate regarding tax fairness continues to rage, a new poll indicates Americans are increasingly pessimistic about their chances for upward mobility.
U.S. stocks gave back early gains and turned negative after Federal Reserve Chairman Ben Bernanke set out a downbeat view of the economy to Congress without promising imminent easing measures.
Copper prices have outperformed the overall metals market as traders have closed short selling in expectation of government intervention to boost growth, but the metal may still be slightly overvalued, according to a Monday report by Barclays.