As the United States struggles to deal with the collapse of the subprime mortgage bubble, another economic bubble may be about to burst. In a Dec. 2 Yahoo! Finance article, author Laura Rowley pointed out that the college debt bubble shares some traits with the subprime mortgage bubble.
Unemployment benefits expired for thousands of Americans on Nov. 30, as Republicans and Democrats in the Senate continued to disagree on the terms of an extension.
The Senate approved a bill on Nov. 30 that would introduce enhanced governmental oversight of the nation’s food producers. One day later, it was revealed that Senate Democrats may have violated a constitutional provision while crafting the bill, which has resulted in the legislation heading back to the House of Representatives.
Senate Republicans have vowed to block all legislative action during the lame-duck congressional session until the George W. Bush-era tax cuts are extended for all Americans.
U.S. Secretary of Defense Robert Gates has urged Congress to repeal the policy that bans openly gay individuals from serving in the military.
A coalition of conservative lobby groups is pressuring House Republicans to keep moderates from controlling key panels in the next congressional session, according to The Washington Times.
Researchers from Massachusetts General Hospital recently found that excess abdominal fat may actually contribute to poor bone health, despite previous investigations that suggested obese women were at a lower risk for developing osteoporosis.
Republican Senators are expected to oppose Majority Leader Harry Reid’s (D-Nev.) efforts to pass the DREAM Act, which would grant citizenship for some undocumented immigrants who arrived in the United States as children.
A Pentagon review of "don’t ask, don’t tell" (DADT) found that ending the policy of banning openly gay individuals from serving in the military would have little lasting impact on the United States armed forces, according to media reports.
In an attempt to reduce the national deficit, President Barack Obama has called for a two-year freeze of Federal employee wages.