Republican and Democratic leaders in the U.S. Congress have unveiled rival plans to cut government spending and raise the debt ceiling, just one week before the United States could default on its debt for the first time in history. Speaker of the House John Boehner announced a Republican plan to immediately increase the debt ceiling […]
Republicans, Democrats Unveil Rival Plans for Raising Debt Ceiling
Posted July 25th, 2011 at 4:50 pm (UTC-5)
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IMF Urges Swift Action on US Debt Dispute
Posted July 25th, 2011 at 4:00 pm (UTC-5)
As U.S. lawmakers and President Barack Obama haggle over plans to cut Washington’s massive debt, the International Monetary Fund says the United States must take urgent and effective action on the issue. Monday, the newest IMF report on the U.S. economy said it is critical to the U.S. and other economies for Washington to promptly […]
IMF: US Economic Growth Slows
Posted July 25th, 2011 at 3:50 pm (UTC-5)
International Monetary Fund officials say U.S. economic growth slowed from a bit less than 3 percent in the last half of 2010 to a bit less than 2 percent in the first half of this year. An assessment of the U.S. economy published Monday predicts growth will pick up late this year and early next […]
FAA Furloughs Some Employees After Funding Lapse
Posted July 25th, 2011 at 3:50 pm (UTC-5)
U.S. Transportation Secretary Ray LaHood says thousands of jobs are at risk because Congress failed to approve funding for the Federal Aviation Administration. LaHood on Monday said there is “no excuse” for Congress not passing the spending bill. He said the funding is crucial to the economy and tens of thousands of middle-class families. The […]
US National Football League Players, Owners End Labor Dispute
Posted July 25th, 2011 at 3:15 pm (UTC-5)
The National Football League and its players have approved the terms of a deal to end a four-month lockout and ensure the start of the upcoming season. Last week, NFL owners overwhelmingly approved a 10-year collective bargaining agreement that includes a deal on sharing with players an estimated $9.3 billion in annual revenues. It also […]
IMF Urges Swift Action on US Debt Dispute
Posted July 25th, 2011 at 2:40 pm (UTC-5)
As U.S. lawmakers and President Barack Obama haggle over plans to cut Washington’s massive debt, the International Monetary Fund says the United States must take urgent and effective action on the issue. Monday, the newest IMF report on the U.S. economy said it is critical to the U.S. and other economies for Washington to promptly […]
Strauss-Kahn Accuser Speaks Out
Posted July 25th, 2011 at 2:00 pm (UTC-5)
The New York hotel maid who accused former International Monetary Fund chief Dominique Strauss-Kahn of sexual assault has gone public in media interviews, saying she wants justice and her alleged attacker sent to jail. Nafissatou Diallo agreed to interviews with Newsweek magazine and ABC television more than two months after the incident in New York, […]
New Sanctions Against Global Organized Crime
Posted July 25th, 2011 at 1:50 pm (UTC-5)
President Barack Obama on Monday announced new sanctions against four of the world’s largest criminal organizations. The organizations targeted are Italy’s Camorra, the Japanese Yakuza, the Los Zetas from Mexico and the Brother’s Circle, based in the former Soviet Union. The executive order freezes all property belonging to the groups in the U.S., and bars […]
IMF Urges Swift Action on US Debt Dispute
Posted July 25th, 2011 at 1:50 pm (UTC-5)
As U.S. lawmakers and President Barack Obama haggle over plans to cut Washington’s massive debt, the International Monetary Fund says the United States must take urgent and effective action on the issue. Monday, the newest IMF report on the U.S. economy said it is critical to the U.S. and other economies for Washington to promptly […]
IMF Warns as US Politicians Wrangle Over Debt
Posted July 25th, 2011 at 11:30 am (UTC-5)
As U.S. congressional leaders and President Barack Obama haggle over plans to cut spending and perhaps raise taxes, a key expert at the International Monetary Fund says Washington needs to do both to solve its debt problems. Gian-Maria Milesi-Ferretti told journalists Monday that the U.S. economic recovery is still weak, so spending cuts should be […]
