How Washington took the US to the brink and back
TheUS was headed toward an unprecedented default, and all Washington wanted to talk about was the manner in which the president had left a room.
TheUS was headed toward an unprecedented default, and all Washington wanted to talk about was the manner in which the president had left a room.
President Barack Obama on Tuesday supported a bipartisan proposal for a new deficit-reduction plan aimed at averting a debt default.
President Barack Obama ramped up pressure on Monday on congressman Anthony Weiner to step down, calling his internet sex scandal a distraction.
US Democratic Representative Anthony Weiner defied calls on Saturday from party leaders to resign and said he would instead seek treatment.
The US Congress was headed for gridlock after Tuesday’s elections, posing a challenge as the country struggles to get out of the economic doldrums.
US Senate Majority Leader Harry Reid halted debate on a -billion rescue Bill late on Thursday, but said lawmakers would resume work Friday.
Barack Obama scored his first major legislative victory on Wednesday with passage of an -billion economic stimulus package.
The White House voiced concern about a Democratic plan on Monday to bail out stricken automakers with up to -billion in loans.
The US Senate was due to reconvene on Monday as congressional negotiators sought to draft legislation to bail out the US car industry.
US Senate Democrats took the first step towards bailing out the nation’s crippled auto industry on Monday by proposing a -billion loan programme.