U.S. President Barack Obama and key lawmakers have failed to bridge deep divides over how to slash the nation’s debt and avoid a possible default. Mr. Obama told reporters at the White House Thursday a meeting with Congressional leaders was “very constructive” but that the sides had yet to reach an agreement to raise the […]
Obama Cites Progress on Debt Talks, But No Deal
Posted July 7th, 2011 at 1:25 pm (UTC-5)
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Obama, Lawmakers Start High Stakes Debt Talks
Posted July 7th, 2011 at 11:45 am (UTC-5)
U.S. President Barack Obama is sitting down with top lawmakers, hoping to win support for a bolder package of spending cuts and tax increases aimed at slashing the nation’s debt. White House and congressional aides say Mr. Obama will propose doubling the amount of money trimmed from the country’s budget deficit to $4 trillion during […]
US Jobless Claims Down Slightly
Posted July 7th, 2011 at 9:50 am (UTC-5)
Fewer Americans submitted first-time applications for unemployment insurance last week though millions continue to rely on the U.S. government for help. Thursday’s report from the U.S. Labor Department said there were 418,000 first-time claims last week, a decrease of 14,000 from the week before. The number of out of work Americans continuing to get government […]
Obama Proposing Bigger Cuts to Control US Debt
Posted July 7th, 2011 at 9:10 am (UTC-5)
U.S. President Barack Obama is proposing a bolder package to slash spending and increase some tax revenue in an effort to break the political impasse over America’s growing debt. White House and congressional aides say Mr. Obama will propose doubling the amount of money trimmed from the country’s budget deficit to $4 trillion when he […]
China Cautions U.S. against Official Meeting with Dalai Lama
Posted July 7th, 2011 at 6:40 am (UTC-5)
China has warned the United States not to hold official meetings with the Dalai Lama, who is in Washington as part of an 11-day meditation ritual. Foreign ministry spokesman Hong Lei said on Thursday that China is against any foreign governments encouraging activities aimed at “splitting the motherland.” China accuses the Dalai Lama of advocating […]
Prosecutor in Strauss-Kahn Case Rejects Calls to Step Down
Posted July 7th, 2011 at 12:10 am (UTC-5)
The New York prosecutor handling the sexual assault case against former International Monetary Fund chief Dominique Strauss-Kahn has rejected calls to step down. Attorneys representing the hotel maid who accuses Strauss-Kahn of attempted rape asked New York District Attorney Cyrus Vance on Wednesday to recuse himself from the case. They say Vance leaked information damaging […]
Haiti’s President Announces 2nd Choice for Prime Minister
Posted July 6th, 2011 at 8:45 pm (UTC-5)
Haitian President Michel Martelly has chosen a lawyer and former justice minister to be the country’s next prime minister, making a second attempt to fill that key government post. President Martelly Wednesday picked Bernard Gousse for the job. Some lawmakers say Gousse will not win the backing of legislators because he is a bad choice. […]
Brazil’s Transportation Minister Resigns in Kickback Scandal
Posted July 6th, 2011 at 7:50 pm (UTC-5)
Brazil’s transportation minister has resigned in connection with a scandal over an alleged kickback scheme in his office. Alfredo Nascimento stepped down Wednesday, days after the allegations involving several members of his ministerial team surfaced in a magazine report. The magazine, Veja, reported recently that officials in Nascimento’s office were demanding kickbacks from builders to […]
Ft. Hood Shooting Suspect Gets Military Trial
Posted July 6th, 2011 at 1:00 pm (UTC-5)
The commander of the Fort Hood military post says the U.S. Army psychiatrist charged with killing 13 people in a 2009 shooting at the base will be tried in a military court and face the death penalty. Major Nidal Hasan is charged with 13 counts of premeditated murder and 32 counts of attempted premeditated murder […]
Lagarde Pledges to Move Forward with IMF Reforms
Posted July 6th, 2011 at 10:55 am (UTC-5)
The new head of the International Monetary Fund, Christine Lagarde, has pledged to move forward with reforms to give emerging economies more influence at the lending organization. Speaking Wednesday in her first news conference as IMF chief, the former French finance minister said the world economy is rebounding from the financial crisis, but unevenly, with […]
