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Government debt reaches record $13 trillion

Government debt reaches record $13 trillion

US debt has reached 13 trillion dollars for the first time in history, the Treasury Department said Wednesday, stoking a political furor over government spending. Amid vast government outlays designed…

Senate passes financial industry overhaul

Senate passes financial industry overhaul

In a major victory for President Barack Obama, the US Senate has passed the most sweeping overhaul of financial industry rules since the Great Depression of the 1930s. By a…

Obama laments technology, shallowness of information age

Obama laments technology, shallowness of information age

President Barack Obama lamented Sunday that in the iPad and Xbox era, information had become a diversion that was imposing new strains on democracy, in his latest critique of modern…

Gates to military: Curb runaway spending

Gates to military: Curb runaway spending

Defense Secretary Robert Gates told the U.S. military on Saturday it must rein in spending that he called out of sync with today’s tough economic times, and said budget woes…

Proposed law: Strip citizenship, then kill them

Proposed law: Strip citizenship, then kill them

Lawmakers unveiled legislation Thursday to strip Americans thought to have joined extremist groups like Al-Qaeda of their citizenship, saying it would make it easier to try or assassinate them. “Those…

Democrats block GOP effort to kill consumer protections

Democrats block GOP effort to kill consumer protections

The Senate on Thursday rejected a Republican attempt to defang consumer protections in a sweeping Wall Street reform bill, while voting to give small banks a break on deposit insurance.…

Arizona governor says ‘nada’ to delaying immigration law

Arizona governor says ‘nada’ to delaying immigration law

A prominent Senate Democrat asked Republican Arizona Gov. Jan Brewer to put off her state’s controversial immigration law to give Congress a chance to act. Scant time passed before Brewer’s…

Karl Rove leads GOP plot to regain power

Karl Rove leads GOP plot to regain power

The Republican Party‚Äôs best-connected political operatives have quietly built a massive fundraising, organizing and advertising machine based on the model assembled by Democrats early in the decade, and with the…

BP’s public relations nightmare

BP’s public relations nightmare

What do you call a gigantic man-made disaster that is threatening to despoil the ecosystems and wreck the economies of the Gulf Coast? The answer is important, if you happen…

Mounting evidence points to Taliban role in bomb plot

Mounting evidence points to Taliban role in bomb plot

American officials said Wednesday that it was very likely that a radical group once thought unable to attack the United States had played a role in the bombing attempt in…