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Federal Reserve Could React To Stalled Economy

A stalled U.S. economy and a plunging stock market may lead the Federal Reserve to react with the limited resources that it has left at its disposal.

Gold Prices Climb To New Record Highs For Third Day

The price of gold continued to rise to new record levels, as the commodity approached $1,800 per ounce following poor economic news that came out of the United States, Reuters reported.

U.S. Debt Passes 100 Percent Of GDP

The U.S. debt eclipsed 100 percent of the nation’s gross domestic product (GDP) following the release of Treasury figures.

Obama On The Defensive Following Poor S&P Rating

Standard & Poor’s rating service took away the United States’ sterling AAA rating on Friday.

China Begins Development Of First Aircraft Carrier

China has begun working on an aircraft carrier, and American defense officials predict that the Asian country will probably develop at least two of the mammoth warships.

GOP Turns Focus To Balanced Budget Amendment

House Speaker John Boehner (R-Ohio) recently told fellow Republicans that they should utilize Congress’ August recess to sell their constituents on a balanced budget amendment to the Constitution.

NRA Sues Over Requirement To Report Bulk Rifle Sales At Mexico Border

The National Rifle Association recently filed a lawsuit over new Federal legislation that requires gun merchants near the Mexico border to report bulk sales of some semiautomatic rifles.

Failure To Close FAA Deal Leads To $1 Billion In Losses

The U.S. government may lose more than $1 billion in airline ticket taxes due to a lack of resolution on a partisan standoff concerning the partial shutdown of the Federal Aviation Administration.

Obama Collects Campaign Money From ‘Bundlers’

The team for re-electing President Barack Obama has increased the push for obtaining financing, as campaign workers have looked to several rich donors for substantial sums of money. Obama and his team have raised more than $35 million already from the biggest donors, individuals who are known as “bundlers.”

Defense Secretary Warns Against Budget Cuts

The United States Secretary of Defense said that cuts to the Pentagon’s budget would present grave risks to the nation’s security.

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