President Obama will meet with House Republicans at the White House today in an effort to make progress on raising the nation's debt limit.
More than 150 economists back House of Representatives Speaker John Boehner's call to match any increase in the debt limit with spending cuts of equal size, according to a letter released by the Republican leader's office on Wednesday.
The House of Representatives on Tuesday defeated a bill to raise the debt limit in a vote staged by Republicans to strengthen their push for deep spending cuts in negotiations with the White House.
Sarah Palin, judging by her tour, may run for president in 2012 after all.
Experts warn that the worsening of the debt crisis means dramatic hike in interest rates, a free fall of the dollar and higher inflation. The negative impact of this scenario will be felt across the world, bedeviling economic recovery everywhere. Critics say the Federal Reserve mandarins are engaging in the outright destruction of the dollar.
The amount is half what Republicans have demanded, but progress is being made
The latest round of deficit talks between the White House and Congress, Vice President Joe Biden said on Tuesday, the negotiations are focusing on getting at least 1trillion dollars in the spending cuts.
U.S. and Chinese officials in Washington on Monday laid out differences on human rights in China, U.S. exports on high technology products, and China's exchange rate as they held ongoing talks to resolve strategic and economic issues.
The issue of 'detained and disappeared' people in China as raised by the United States as well as the 'enormous progress' on human rights a Chinese official said was taking place were mentioned among broader economic talks between the U.S. and China on Monday.
Former Federal Reserve Chairman Paul Volcker warned on Friday that trillion-dollar deficits posed a threat to the stability of the U.S. economy and the dollar, and said he is frustrated by the gridlock in Washington.
Navy SEALs that killed Osama bin Laden briefed President Barack Obama in a private meeting on Friday, as the President told the troops involved job well done.
President Barack Obama has spoken in private with members of the U.S. team which raided and killed Osama bin Laden on Sunday after arriving earlier at Ft. Campbell in Kentucky.
It has become known as the ‘Obama death stare.'
A pair of air traffic controllers have been fired and officials are probing a Monday landing incident involving First Lady Michelle Obama, as weeks of embarrassing sleeping incidents and procedural gaffes have prompted a top-to-bottom review of federal air traffic controller training.
Senate Minority Leader Mitch McConnell on Tuesday rejected the notion of committing to future budget cuts after the President leaves office as he appointed a fellow Senate Republican to a debt panel to discuss how to reduce the long-term federal deficits.
A transcript of Obama's speech
President Barack Obama has requested that formal negotiations to begin in May on reducing the long-term U.S. debt as a share of the economy and annual deficits.
President Barack Obama's awaited proposal on Wednesday dealing with specific dollar amounts and cuts needed to address the United States' $14.3 trillion debt will contrast with a Republican proposal offered last week by offering a balance that it didn't have, a White House spokesman said.
With time running out, an ideological battle over abortion and environmental issues threatened on Thursday to scuttle a congressional deal to avert a looming government shutdown.
The Congress on Thursday neared a budget deal to avert a looming government shutdown but disputes over abortion and environmental issues posed late hurdles to a final agreement.
President Barack Obama's late entry into a budget battle that could shut the government marks an attempt both to play dealmaker and avoid blame if Republicans and Democrats fail to forge agreement in time.
The U.S. Department of Education has released comprehensive guidance for all schools, colleges and universities, explicitly stating for the first time that every school is bound under Title IX to protect its students from sexual violence on campus and address its effects if it happens.
