| Dec 9, 2013
| 2:32 PM
WASHINGTON -- The federal government on Monday sold its remaining shares of General Motors Co. stock, ending the controversial $49.5-billion bailout of the automaker with an approximately $10.5-billion loss for taxpayers.
"This marks one of the final...
| Oct 10, 2013
| 6:34 AM
Appearing before lawmakers a week before the deadline to raise the debt limit, Treasury Secretary Jacob J. Lew on Thursday warned that the uncertainty caused by the fiscal stalemate was stressing financial markets and could "deeply damage" the economic...
| Nov 8, 2013
In July 2010, four months after President Obama signed his universal healthcare act into law, he enacted his other signature achievement, the Dodd-Frank financial reform law. Although we haven't paid as much attention to it, Dodd-Frank is as flawed in its...
| Oct 2, 2013
| 5:45 AM
WASHINGTON -- A majority of Americans want Congress to raise the nation's $16.7-trillion debt limit and would blame Republicans if it isn't, according to a poll released Wednesday.
About 56% of respondents said it would be bad for the country if the...
| Oct 16, 2013
| 6:13 AM
WASHINGTON -- Billionaire investor Warren Buffett on Wednesday called the U.S. debt limit a "political weapon of mass destruction" and said both political parties should pledge never to use it as leverage because of the financial damage it can cause.
| Feb 4, 2014
| 9:27 PM
WASHINGTON — With another major fiscal deadline looming at month's end, House Republicans are preparing to seek only modest concessions from President Obama to raise the nation's debt ceiling and will instead try to press their political advantage...
| Feb 11, 2014
| 3:59 PM
The White House has released this list of expected attendees at Tuesday’s state dinner in honor of France.
The President and Mrs. Obama
His Excellency Francois Hollande, president of French Republic Mr. J.J. Abrams, Pacific Palisades, CA
| Feb 11, 2014
| 2:43 PM
WASHINGTON - The U.S. House of Representatives approved legislation Tuesday to extend the nation’s borrowing capacity for another year, all but ensuring that Congress’ recent fiscal cease-fire extends through the summer.
| Feb 11, 2014
| 10:23 PM
WASHINGTON — The House of Representatives approved legislation Tuesday to extend the nation's borrowing capacity for another year, lifting the threat of government default and ending — for now — three years of partisan fiscal battles....
| Dec 10, 2013
| 4:32 PM
Remember TV commercials in early 2010 where GM's then-CEO Ed Whitacre proclaimed the automaker had paid back its loans in full? Though technically accurate ??? the automaker repaid $8.1 billion in loans from the U.S. and Canadian government in April......
| Jan 29, 2014
| 4:48 PM
WEST MIFFLIN, Pa. — He has taken to saying he has a pen and a phone that he can use to work around Republicans in Congress, but President Obama also has a jet and a helicopter.
He used them both Wednesday as he set off on a two-day traveling sales...
| Nov 15, 2013
| 5:16 PM
BEIJING — China announced Friday that it would ease its deeply unpopular one-child policy, a high-profile move by new leaders to limit a program that has prevented millions of births but helped create an aging population that could constrict...