Treasury Secretary Timothy F. Geithner said his department will take “extraordinary measures” to postpone a U.S. default for about two months while President Barack Obama and Congress work out a deficit-reduction deal. Geithner, in a letter to congressional leaders today, said the government will hit its statutory debt ceiling on Dec. 31. To avert a [...]
Obama administration outline: How U.S. laws empower the government to kill Americans overseas
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(Reuters) – The Obama administration on Monday plans to outline how U.S. laws empower the government to kill Americans overseas who engage in terrorism against their home country, a source familiar with the matter said, months after a drone strike killed a U.S.-born cleric who plotted attacks from Yemen. Civil liberties groups have been pressuring [...]
Euro zone loses patience with Greece
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Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF. Euro zone ministers had hoped to meet on Monday to finalize the second [...]
Gaddafi’s “dead” son shows up on TV…again
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(Russia Today) Libyan state TV has broadcast what it said was footage of Colonel Gaddafi’s son Khamis visiting people wounded in an air attack. Earlier rebels claimed he had been killed in a NATO air strike last week. Libyan TV said the footage was recorded on Tuesday. Khamis al-Gaddafi is shown visiting a hospital chatting [...]
Debt now equals total U.S. economy
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By Stephen Dinan The Washington Times President Obama projects that the gross federal debt will top $15 trillion this year, officially equalling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years’ time. Amid the other staggering numbers in the budget Mr. Obama sent to Congress on Monday, [...]














