The Pakistani government is protesting the arrest in the United Staes of a man accused of acting as a Pakistani agent tasked to influence U.S. policy on Kashmir, the disputed Himalayan region divided between India and Pakistan. In a statement issued Thursday, Pakistan said a demarche was made to the U.S. Embassy in Islamabad to […]
Pakistan Protests US Arrest of Alleged Agent
White House Reports ‘No Progress’ on Debt Deal
A White House spokesman says he has no progress to report on a deal to slash spending and avoid a possible default on the country’s massive debt. But it also guaranteed the country will pay its bills on time. Obama administration spokesman Jay Carney told reporters Thursday the White House “is absolutely confident” Congress will […]
US Government, Companies Prepare for Unthinkable Default
Top U.S. officials have repeatedly said the consequences of a possible default are so severe there is no alternative to raising the debt ceiling. But with less than two weeks to go until the August 2 deadline, key U.S. agencies and private financial firms are also planning for a worst-case scenario. The chief of the […]
Much of US Swelters in Heat Wave
An oppressive heat wave that has gripped the central and southern United States for days is moving east, bringing temperatures as high as 38 degrees Celsius to an area stretching from Chicago to Washington. The National Weather Service said Thursday that excessive heat watches, warnings and advisories are in effect for much of the central […]
Top Lawmaker: US Cannot Afford to ‘Wish or to Wait’ for Debt Deal
One of the most powerful lawmakers in the United States is challenging President Barack Obama to back a Republican plan to slash spending and avoid a possible default. House Speaker John Boehner told reporters Thursday Mr. Obama needs to show leadership and that it is “not enough to wish or to wait for a solution.” […]
US Warns of Possible Terror Threat Against Public Utilities
A U.S. government bulletin is warning that violent extremists could try to use insider access to sabotage public utility facilities — including chemical plants, oil refineries and nuclear power plants. This week’s bulletin from the Department of Homeland Security notes that extremists have obtained insider positions and attempted to solicit employees at public utilities. A […]
Soft Drinks Harder Sell in Developed Economies
The world’s top soft drink makers are finding it increasingly difficult to sell soda to consumers in developed countries. U.S.-based PepsiCo – the maker of Pepsi Cola and Mountain Dew – said Thursday sales of its carbonated beverages in North America have slipped over the past three months. The company said slowing soda sales appear […]
Report: US Economy To Grow More Slowly
A private research group predicts that the U.S. economy will grow more slowly in the next few months. Thursday’s report from the Conference Board says its index of leading economic indicators rose three-tenths of a percent in June, which is a smaller rise than the prior month. The index is designed to predict economic conditions […]
US House Renews Burma Sanctions
The U.S. House of Representatives has renewed sanctions against Burma. Lawmakers adopted the measure by a voice vote on Wednesday. The sanctions have been renewed annually since they were first passed in 2003 in response to alleged human rights violations in Burma and a lack of democratic reforms. The sanctions ban the import of certain […]
President, Lawmakers Continue US Debt Talks
U.S. President Barack Obama and members of Congress continue the search Thursday for a compromise on how to raise the country’s debt limit, as an August 2 deadline approaches to avoid a potentially catstrophic default. President Obama says he is not giving up hope for what he calls a “grand bargain” to raise the country’s […]