The US Congress splits along party lines as it seeks a solution to an ongoing deadlock over raising the nation's debt limit and cutting the budget deficit.
Apple cash now exceeds what the US government has left before it hits the debt limit. Apple cash level is higher even though government spends 10 times more than Apple is worth.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - The GOP-controlled House and the Democratic Senate remain at loggerheads over debt legislation that's required to avoid a first-ever default on U.S. financial obligations as lawmakers and the White House head into the weekend in search of compromise.
AP - Frequent bombings, assassinations and a resurgence in violence by Shiite militias have made Iraq more dangerous now than it was just a year ago, a U.S. government watchdog concludes in a report released Saturday.
The votes set up a weekend of wrangling for a deal to avoid a potential federal default. Democrats say Senate GOP leader Mitch McConnell is refusing to negotiate.
Polygamist sect leader Warren Jeffs' sexual assault trial continues Friday, a day after he won the right to defend himself and then declined to give an opening statement.
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