UNEMPLOYMENT

The Global Competitiveness Index (GCI) published by the World Economic Forum, which ranks the world's most competitive economies, has pushed the U.S. down the list to a No. 5 spot. Escalating government debts and declining faith of the public in its administration were cited as the critical factors that contributed to the plunge of the country which was No. 1 in 2008 and No. 4 last year.

A rebound in Asian stocks ran out of steam Thursday as worries over the widening euro zone crisis and the faltering U.S. economy undermined investor confidence.

Texas Gov. Rick Perry came out swinging in his national debut on Wednesday, all but calling President Barack Obama a liar, describing Social Security as a fraud and attacking his main Republican rival in the presidential race.

President Barack Obama is said to be planning to inject about $300 billion into the economy next year through tax cuts and infrastructure spending, and will present his plan in a speech later this week.But Republicans won't show up for Obama's address or offer an official televised rebuttal, as they say the President's speech will sink or swim on its own

President Barack Obama's anticipated jobs speech is still more than a day away but already it's causing a controversial rift among Republican and Democratic leaders. Republicans have decided not to give a rebuttal to the Obama's speech Thursday before Congress, and House Democratic Leader Nancy Pelosi says the lack of response will be disrespectful to the President and to the American people.

In his Thursday address, President Barack Obama is expected to call for extensive tax incentives as part of his administration's plan to jump-start job growth, which has ebbed in recent months as the originally stimulus ended. However, the plan faces an uphill battle in House, where ruling Republicans are likely to oppose it.

President Barack Obama, facing waning confidence in his economic stewardship, plans to propose some $300 billion in tax cuts and government spending in his speech to Congress, Democratic sources say.

A previous article looked at 10 positions that could make Perry unelectable once he has to win over the general electorate rather than just Republican voters. On the flip side, here are five reasons he could have a good chance.

According to the latest POLITICO-George Washington University Background Poll, the political environment is very poor for both President Obama and Congressional Democrats.

As a Libyan convoy of almost 200 vehicles rolls through Niger, speculation swirls that Moammar Gadhafi might be on an escape route to Burkina Faso. What would life be like in the West African country?

South Africa's finances are sound but the risk of high indebtedness by both the government and individuals lurks if no action is taken now, Deputy Finance Minister Nhlanhla Nene said.

Sprint argues that the proposed takeover would harm retail consumers and corporate customers by causing higher prices and less innovation.

Defying expectations, the U.S. service sector expanded at a slightly faster pace in August -- but remains too weak to help a sluggish economy that's not creating enough jobs.

The latest poll numbers are not good for President Barack Obama: if the 2012 presidential election were held today, the race would be very close, and Obama could easily lose in several hypothetical match-ups.

Mitt Romney's jobs plan that he plans to announce Tuesday likely has received some input from advisers of another familiar politician: George W. Bush.

President Barack Obama hinted in a Labor Day address that he could use Thursday's highly anticipated speech on job creation to unveil an initiative to restore the nation's deteriorating infrastructure.

This vast landlocked country just north of Nigeria and east of Mali, is one of the poorest nations on Earth

With more than a million unemployed construction workers across the nation, President Barack Obama on Monday said he intends to spend to rebuild America's infrastructure and boost hiring, which will be key components of a plan he is working on to stimulate the U.S. economy.

Obama is under extreme pressure after the Bureau of Labor Statistics reported last Friday that the economy added zero jobs in August.

President Barack Obama previewed proposals on Monday for new infrastructure spending and an extension of payroll tax cuts as part of a major jobs package he will unveil this week, and challenged Republicans to find common ground with him.

President’s speech in Detroit rallies supporters.