Tweet President Barack Obama and the Congressional leaders announced late Sunday that they have agreed on a deal that would cut trillions of dollars in government spending as well as increase its debt limit. The leaders would present the terms of their deal on Monday and they hope that it would be enacted before the August 2 deadline. Just as the President... 

Tweet Analysts say that a last minute debt limit deal will depend on Senate minority leader Mitch McConnell. For several weeks he has been discussing with Vice President Joe Biden, with whom he made a deal last December to extend the Bush-era tax cuts. Senator McConnell also had a meeting with President Barack Obama last Saturday to discuss the possibilities... 

Tweet The deadline to raise the debt limit of the United States is fast approaching but the two political parties are still at odds with each other. They haven’t reached any agreements to cut the nation’s deficits as well as raise its debt limit. There have been efforts to find a comprehensive deficit reduction deal but the lawmakers don’t want... 

Tweet Senate’s Majority and Minority leaders proposed a plan that would give President Barack Obama the capability to raise the debt ceiling without the need for congressional approval. This is the best solution to prevent a federal default from happening. The plan was drafted jointly by Senate Majority Leader Harry Reid of Nevada and Senate Minority... 

Tweet President Barack Obama met with congressional leaders last Sunday night at the White House to discuss about raising the country’s debt limit. The Treasury secretary warned that if they failed to do so, it could result to a catastrophic damage not just to the American economy but the global economy as well. The credit of the United States could... 

Tweet Midst his ever so popular argumentative stance, the Iranian President – Mahmoud Ahmadinejad said that Iran’s nuclear swap deal with Turkey is perhaps, the last effort in resolving the long standing nuclear dispute between Iran and the Western society. He said that the nuclear deal, among Iran, Turkey and Brazil is going to serve as a final opportunity...