"We do have a serious problem in terms of debt and deficit, and much of it I inherited," Obama said. The financial crisis, he said, made the problem worse.
The amount of negative attention Standard & Poor's has received since its decision to downgrade U.S. long-term debt, would make it seem like the rating agency is public enemy number one.
Dr. Bernadine Healy, the first woman to serve as the head of the National Institutes of Health and as president of the American Red Cross, died Saturday of complications from a brain tumor.
A 10-year-old girl, who goes by the handle of CyFi, found that the gaming prowess of many a smartphone can be undermined by some serious security holes.
Hours before a straw vote test in Iowa, Texas Governor Rick Perry is expected to make it clear whether or not he will run for the presidential election.
Citing Congressional inaction on education reform, the White House announced on Monday that it would grant waivers exempting states from an onerous achievement benchmark established by No Child Left Behind.
In a White House address Monday, President Barack Obama said Standard & Poor's credit downgrade of the United States represented a statement on the nation's political will. Underscoring that "the U.S. is still an AAA country," Obama again called on congressional officials to make the tough decisions necessary to balance the budget long-term.
President Barack Obama on Monday blamed a downgrade in the United States' credit rating on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits.
After considering a resignation once a debt deal was reached, U.S. Treasury Secretary Timothy Geithner confirmed on Sunday that he will remain at his post at President Barack Obama's request, making him Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade.
Some of the most explosive teenage talent in the world is engrossed in the dark art of illegal hacking and waging cyber wars on governments and corporations. And then there are those young children who master the art of legal hacking in schools run by former hacking wizards.
With every gloomy economic report, debt crisis and mood swing on Wall Street, President Barack Obama's fight for re-election in 2012 gets a little tougher.
Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, confirmed on Sunday that he will remain at his post at President Barack Obama's request.
Treasury Secretary Timothy Geithner will remain in the position at President Barack Obama's request. Geithner considered stepping down after the government borrowing limit was raised.
NATO tried to determine on Sunday if Taliban insurgents had shot down a troop-carrying helicopter in Afghanistan, killing 38 in the largest loss of life suffered by foreign forces in a single incident in 10 years of war.
It wasn't long after Standard & Poor's lowered the United States' credit rating from AAA to AA+, for the blame game to begin.
The massive importation of African slaves to the New World, and subsequent social interactions over five centuries has raised questions about who is really ?black.?
The Tea Party arrived in Washington after mid-term elections with talk of change in Washington. So far, Tea Party leaders have only been a distraction. To create change in Washington, they need to bring forth a plan and build consensus.
They bonded over golf, bickered over debt, and now President Barack Obama and House of Representatives Speaker John Boehner face even more tests of an uneasy relationship critical to a functioning government.
Activists said the death toll in protests across Syria a day earlier, when tens of thousands of demonstrators took to the streets on the first Friday of the Muslim holy month of Ramadan, had risen to 26.
The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.
The path to a debt deal took too long and was too divisive, and lawmakers must now work together to strengthen the country's fiscal position and spur growth, White House spokesman Jay Carney said on Saturday.
China's commentary which came after credit rating agency Standard & Poor downgraded U.S credit rating from a top-notch AAA to AA+, harshly criticized U.S for its "debt-addiction" and short-sightedness of politicians.
