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.
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.
The U.S. debt eclipsed 100 percent of the nation’s gross domestic product (GDP) following the release of Treasury figures.
Standard & Poor’s rating service took away the United States’ sterling AAA rating on Friday.
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.
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.
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.
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.
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.”
The United States Secretary of Defense said that cuts to the Pentagon’s budget would present grave risks to the nation’s security.