Rahm Emanuel is sworn into office as Mayor of Chicago. His city's most pressing crisis: a half-billion dollar budget deficit.
US government has reached the debt limit set by Congress, Treasury's Tim Geithner said Monday. Treasury has ways to keep paying the nation's bills until August. All eyes are now on Congress.
Usually natural allies, the tea party and the business lobby are at odds over if and how to raise the national debt limit.
A study published earlier this year suggests that imports in US-China trade have had a significant negative impact not just on factory workers but also on their communities.
With all the talk of debt and unemployment in the US, the US-China economic meeting this week seems to suggest an America in eclipse. The truth, however, is more complex.
Medicare reform passed the House. But GOP leaders say they won't push Medicare vouchers in the current round of spending talks.
US is moving to free up some of the $30 billion in frozen assets of Libyan leader Muammar Qaddafi to aid the 'Libyan people' and rebels, Secretary of State Hillary Clinton said Thursday.
The Dow fell about 3 points, ending a four-day winning streak
US Secretary of Defense Robert M. Gates speaks with village elders in the village of Tabin in Kandahar, Afghanistan, on March 8.
After S&P downgraded the long-term credit outlook for the US, some traders are wondering whether the country is still the best place to invest