Tweet WASHINGTON (Reuters) – Lawmakers opened the way on Friday for a last-ditch bid for a possible bipartisan compromise to avert a crippling national default just four days before the deadline to raise the country’s debt ceiling. Originally posted here: Lawmakers’ votes open way for final debt push  Read More →

Tweet WASHINGTON (Reuters) – A bill to raise the debt ceiling that passed the Republican-controlled House of Representatives was headed for defeat on Friday in the Democratic-controlled Senate. Originally posted here: Republican debt bill headed for defeat in Senate  Read More →

Tweet NEW YORK (Reuters) – The United States will likely keep its top-notch credit rating from Moody’s for now, despite the “limited magnitude” of the deficit reduction plans being discussed in Washington, the ratings agency said on Friday. See the article here: Moody’s expects to affirm U.S. rating, negative outlook  Read More →

Tweet WASHINGTON (Reuters) – The White House on Friday urged lawmakers to begin immediate work on a compromise to lift the debt limit after passage of a bill by Republicans in the House of Representatives it said was “dead on arrival.” View post: Boehner bill "dead on arrival": White House  Read More →

Tweet NEW YORK (Reuters) – The United States’ triple-A credit rating is likely to be affirmed by Moody’s with a negative outlook, the ratings agency said on Friday, signaling that a downgrade would not come immediately, but possibly in the medium term. See the rest here: Moody’s likely to affirm U.S. rating, negative outlook  Read More →

Tweet WASHINGTON (AP) — The economy is at risk of slipping into another recession…. Read the original post: Recession risks up amid slow growth, debt standoff  Read More →

Tweet DADAAB, Kenya (AP) — When al-Qaida-linked militants learned that Ahmedhashim Mawlid Abdi and his family were planning to flee Somalia’s famine, they threw the 40-year-old father of seven in jail for two days…. Read more: Somali man recalls horrors of fleeing famine  Read More →

Tweet WACO, Texas (Reuters) – Army soldier Naser Jason Abdo shouted the name of a military psychiatrist accused of a 2009 shooting rampage at Fort Hood, Texas, during his first appearance in court on Friday on a charge related to an alleged terror plot. View post: Soldier in court says name of alleged Fort Hood killer  Read More →

Tweet WASHINGTON (AP) — Thirty-six years after Richard Nixon testified secretly to a grand jury investigating Watergate, a federal judge is ordering the first public release of the transcript…. Read the original: Judge orders release of Nixon Watergate testimony  Read More →

Tweet WASHINGTON (Reuters) – President Barack Obama said on Friday he was ready to work with top Democrats and Republicans through the weekend to get a debt ceiling accord. See the original post here: Obama ready to work through weekend for debt fix  Read More →