To stimulate the housing market, Congress not only gave 600,000 Americans up to $8,000 for buying a home. It added interest on the credit, even if those houses weren't bought yet.
Debt-limit impasse has been all show and no substance. One solution to debt-limit dilemma over cuts or tax increases: 'pay as you go' for any further tax-cut extensions.
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 - White House officials and congressional Republicans are reaching toward a potential end to their bitter debt limit showdown, raising hopes that a deal could be in place by Tuesday to avert a possible federal default.
AP - A suicide bomber blew himself up Sunday at the main gate of a provincial police headquarters in southern Afghanistan, killing at least 11 people in a city where Afghans have recently taken control of security.
The framework of a tentative deal to raise the debt ceiling calls for up to $2.8 trillion in deficit reduction over the next decade, sources familiar with the negotiations say.
Hardly a day goes by without dismissive and arrogant invective from the White House about the House Republican Conference and its alleged fear of, or fealty to, "the tea party." Too many Fourth Estaters have lazily bought the line and played along with President Obama's spaghetti western construct. That's not the right explanation for this drama.
Watching Washington hold our economy hostage the past few weeks as it refuses to reach a compromise deal on deficit reduction so we can raise the debt ceiling has been beyond frustrating. Surreal is more like it.