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Poverty Rate Crosses 15%, highest in over 50 years: U.S Census Bureau
Household incomes among Americans have fallen sharply, accompanied by a rise in the number of people living below the poverty line to 46.2 million, …
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Dow Responds to U.S Downgrade By Plunging Over 600 Points
In response to Standard & Poor’s first-ever downgrade on the outlook for the U.S economy from a triple-A rating to AA+, the Dow Jones …
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Latest Debt Ceiling Plan Unsettles Democrats
The deal that U.S President Barack Obama and Republican House speaker John Boehner seem to be closing in on has reportedly evoked harsh reactions …
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U.S Debt Ceiling Debate, Euro Woes Push Investors towards Gold
With the precious yellow metal touching a record $1600 an ounce earlier today, while some investors with large gold holdings are rejoicing, it could …
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Obama, Republicans Deadlocked over Debt Ceiling & Spending Cuts
Are we looking at a U.S Default Scenario ? With the August 2 deadline looming ahead, U.S President Barack Obama met with congressional leaders …
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Timothy Geithner: Raise U.S Debt Ceiling or Risk Default
With the United States having officially hit the debt ceiling last Monday, Timothy Geithner, U.S Treasury Secretary has told Congress that in order to enable …
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Obama’s deficit-cut plan at loggerheads with Paul Ryan’s GOP Plan
U.S President Barack Obama, in the deficit-cut plan he announced on Wednesday, proposed a $4 trillion deficit-cut over the next 12 years. In sharp …
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Government shutdown averted; Obama warns, painful budget cuts ahead
With a last-minute deal struck late on Friday night between the Democrats and Republicans, the widespread chaos that would’ve resulted from the Government shutdown …
