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US Government Runs $120 Billion October Deficit

Posted: 11/13/2012 - The federal government started the 2013 budget year with a $120 billion deficit, an indication that the nation is on a path to another $1 trillion-plus deficit.

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Petraeus Shocked to Hear of Emails, Associates say

Posted: 11/12/2012 - Friends and former staff members say CIA Director David Petraeus was shocked to learn last summer that his mistress was suspected of sending threatening emails warning another woman to stay away from him.

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Congress Faces Agenda of Unfinished Business

Posted: 11/12/2012 - Congress returns Tuesday to a crowded agenda of unfinished business overshadowed by the urgent need for President Barack Obama and lawmakers to avert the economic double hit of tax increases and automatic spending cuts.

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President Honors Veterans at Arlington

Posted: 11/12/2012 - President Barack Obama laid the wreath at the Tomb of the Unknowns at Arlington National Cemetery in Virginia and noted that this is the first Veterans Day in a decade with no American troops fighting and dying in Iraq, and that a decade of war in Afghanistan is coming to a close.

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Obama To Honor Veterans

Updated: 11/13/2012 - On this Veterans Day, President Barack Obama and first lady, Michelle, will host a breakfast with veterans at the White House. Vice President Joe Biden and his wife, Dr. Jill Biden will also attend.

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Farm Bill Could Hinge On Budget Talks

Posted: 11/10/2012 - A farm bill that stalled in Congress before the election could see quick action by the end of the year if congressional leaders decide they need its spending cuts to make a deal for averting the "fiscal cliff."

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Obama: Wealthy Must See Higher Taxes Under Plan

Updated: 11/09/2012 - President Barack Obama says raising taxes on wealthiest Americans must be part of deficit reduction plan but says he is "open to compromise" and "new ideas." Obama says he will refuse to accept any approach that "isn't balanced."

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JetBlue Pilot Who Disrupted Flight to be Freed

Posted: 11/09/2012 - A federal judge in Texas says a JetBlue Airways pilot who disrupted a flight by running through the plane and yelling about terrorists can go free.

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Boehner Says Debt Limit Should be Part of Talks

Posted: 11/09/2012 - House Speaker John Boehner says any deal to avert the so-called fiscal cliff should include lower tax rates, eliminating special interest loopholes and revising the tax code.

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Condoleezza Rice: GOP Sent 'Mixed Messages'

Updated: 11/09/2012 - Former Secretary of State Condoleezza Rice says the Republican Party must adapt better to rapidly changing demographics in the United States, saying the GOP sent "mixed messages" in the election campaign on immigration and women's issues.

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Source: 7 Navy SEALs Punished For Secrecy Breach

Updated: 11/08/2012 - A senior defense official says seven members of the secretive Navy SEAL Team 6, including one involved in the mission to kill Osama bin Laden, have been punished for allegedly disclosing classified information.

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Wall Street Extends its Slide to a Second Day

Posted: 11/08/2012 - NEW YORK (AP) - Stocks are falling sharply at the close of trading on Wall Street, extending a slump into a second day as investors worry about the potential for gridlock in Washington.

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CBO: "Fiscal Cliff" Would Spark Recession

Posted: 11/08/2012 - A new government report says the so-called fiscal cliff would send the economy back into recession and cause a spike in the jobless rate to 9.1 percent by next fall.

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Weekly US Jobless Claims Fall To 355K Last Week

Posted: 11/08/2012 - Applications declined in one state because its unemployment office lost power during the storm and wasn't able to receive applications, a department spokesman said. The spokesman wouldn't identify the state.

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Elections Over-Stocks Plunge

Updated: 11/07/2012 - NEW YORK (AP) - Investors are dumping stocks as they turn their focus to a world of problems now that the election is over - tax increases and spending cuts that could stall the nation's recovery and a deepening recession in Europe

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Obama Wins Second Term Despite Weak Economy

Updated: 11/07/2012 - WASHINGTON -- President Barack Obama rolled to re-election Tuesday night, vanquishing former Massachusetts Gov. Mitt Romney despite a weak economy that plagued his first term and put a crimp in the middle class dreams of millions. In victory, he confidently promised better days ahead.

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