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$1.29 Trillion Deficit Experienced in Fiscal 2010

The Treasury Department revealed on Friday that the budget deficit for fiscal year 2010 decreased from 10 per cent in 2009 to nearly 9 per cent of gross domestic product…

October 17, 2010Comments Off on $1.29 Trillion Deficit Experienced in Fiscal 2010Read More

Obama Administration Files an Appeal on Ruling against Gay Marriages

A ruling made by the U.S. District Court in Massachusetts determined the Obama administration to file and appeal against it on Tuesday, October 12. The ruling that protected gay marriages…

October 13, 2010Comments Off on Obama Administration Files an Appeal on Ruling against Gay MarriagesRead More

US and UK Announced Risk of Terrorist Attacks in Europe

The US State Department warned American citizens who plan on traveling to Europe to proceed with caution. The Department did not mention any specific locations, but as Britain decided to…

October 4, 2010Comments Off on US and UK Announced Risk of Terrorist Attacks in EuropeRead More

Liberal Rally in Washington Draws Big Crowds

People in their tens of thousands rallied near the Lincoln Memorial on Saturday as Liberal groups sought to strengthen their  base as the congressional elections draw near. It is now…

October 3, 2010Comments Off on Liberal Rally in Washington Draws Big CrowdsRead More

Obama’s Chief of Staff to Step Down and Run for Mayor of Chicago

Though White House would not confirm, speculations are high that Rahm Emanuel, the Chief of Staff to President Barack Obama, might step down from his position to run for the…

October 1, 2010Comments Off on Obama’s Chief of Staff to Step Down and Run for Mayor of ChicagoRead More

Will Mc Donald’s Cut Back on Health Insurance for its 30,000 Hourly Workers?

A new legislation in healthcare, supported by President Barack Obama, would supposedly restrict funds for usage in marketing activities, managerial salaries, and non-medical purposes. The Wall Street Journal reported that…

September 30, 2010Comments Off on Will Mc Donald’s Cut Back on Health Insurance for its 30,000 Hourly Workers?Read More

Spending on Capital Equipment in the US Revives

Orders and spending for capital equipment in the US revived in August 2010, and was not as severely hit as predicted by economists. Though total orders declined by 1.3 percent,…

September 27, 2010Comments Off on Spending on Capital Equipment in the US RevivesRead More

Obama Protects US Economy by Urging China to Take Action on Yuan

Chinese prime-minister, Wen Jiabao, discussed yesterday, September 22, with his US counterpart Barack Obama about the value of the Chinese yuan.  President Obama requested to the Chinese premier to take…

September 25, 2010Comments Off on Obama Protects US Economy by Urging China to Take Action on YuanRead More

Vote on Tax-Cuts Delayed until after Elections

It has been reported that Jim Manley, the spokesman of the Majority Leader Reid, sent an e-mail in which he stated that the Senate is not voting before election in…

September 25, 2010Comments Off on Vote on Tax-Cuts Delayed until after ElectionsRead More

President Obama Aims at a Results-based Approach to Reduce Global Poverty

President Barack Obama addressed the General Assembly of 192 nations on Wednesday, the final day of the UN Summit, with a focus on new ways to reduce global poverty, nourish…

September 24, 2010Comments Off on President Obama Aims at a Results-based Approach to Reduce Global PovertyRead More

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