President Barack Obama tried to budge a Congress currently deadlocked over how to bridge a divide between Senate and House plans for extending the payroll tax cut, with both sides seemingly stubborn in ceding middle ground.
In the new issue of Elle magazine, actor Matt Damon has some choice words for President Obama.
After breezing through the euro zone debt crisis for the past two years, Germany's economy could fall into recession as anxious businesses hold off on investment and exports wither.
Due to Kenya’s soaring unemployment rate, the men are easily fooled into this trap.
Global stocks and commodities fell Wednesday as investors shrugged off heavy European Central Bank lending and eyed a troublesome U.S. earnings report.
The House of Representatives on Tuesday rejected a two-month extension of the payroll tax cut passed by the Senate on Saturday, calling for a conference committee to find a middle ground between the two houses of Congress.
What will it take to get the U.S. economy growing at a faster rate and to stabilize Europe's economy? Courage. The courage to deploy more fiscal stimulus and stabilization funds.
Why has Bill Clinton finally agreed to be interviewed by Bill O'Reilly on The O'Reilly Factor? Perhaps it's a last-minute push for his recent book, Back to Work, as a Christmas gift?
The economy appears to have slipped into another recession.
A bipartisan bill extending the payroll tax cut two months faces grim prospects in the House of Representatives on Monday, as House Republicans are vocally balking at the legislation, leading House Speaker John Boehner, R-Ohio, to demand further talks.
The Senate-passed bill is a two-month extension of the 2 percent payroll tax holiday, federal support of unemployment benefits and an extension of expiring Medicare provisions.
One day after saying he favored the payroll tax reduction extension agreement approved by the U.S. Senate, House Speaker John Boehner, R-Ohio, said he and his caucus will oppose the tax reduction deal. Boehner said House Republicans now want additional budget reductions to finance the extension agreement.
The fate of an expiring tax break for 160 million American workers was in doubt on Sunday after the top Republican lawmaker declared his opposition to a two-month extension passed overwhelmingly by the Senate.
The U.S. Senate OK'd on Saturday a $1 trillion bill to fund the government and a two-month extension of the payroll-tax cut, capping a contentious political year while preparing the arena for a fresh battle in 2012.
After Congressional negotiators signed off Thursday night on a $1 trillion omnibus spending bill that would avert a shutdown and fund the federal government through September, lawmakers' focus returned to the ongoing negotiations over the extension of the payroll tax cut.
Baroin told the French parliament that Britain is becoming “marginalized” in Europe.
Japan's Nikkei share average rose modestly on Friday after signs of strength in the U.S. economy but it slipped for the week, as investors continue to worry about the impact of Europe's debt crisis.
The threat of Europe's financial crisis drifting overseas, slowing the U.S. recovery, remains. The Federal Reserve noted this week that Europe's debt crisis remains a threat to the U.S. economy, which it said is expanding moderately. Concerns linger over the health of the European banking sector and possible ratings downgrades in debt-ridden European countries.
World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.
Hunger and homelessness are on the rise according to a report released on Thursday by the United States Conference of Mayors.
Asian shares rose and the euro edged higher Friday, as signs of strength in the U.S. economy temporarily broke through gloom over the European debt crisis that had driven a selloff in riskier assets over the past three days.
U.S. lawmakers Thursday night reached a tentative deal to fund an array of government agencies through Sept. 30 and avert shutting down many of Washington's operations starting this weekend.
