President Barack Obama's address to a joint session of Congress Thursday night has the potential to be divisive; the prospect has even prompted some government officials like Illinois Congressman Joe Walsh to boycott the event.But U.S.
President Barack Obama says it likely will be another year to 18 months before home prices start rising again and sales start to pick up.But he says the federal government can't accomplish that alone, and will need support from the banking industry and others to make
Chicago Mayor Rahm Emanuel is hitting out at republicans who have been criticizing his former boss.Republican Presidential candidate Mitt Romney ridiculed President Barack Obama's handling of the economy and debt ceiling debate this week.
President Barack Obama has signed legislation to increase the nation's borrowing authority and avert a potentially catastrophic government default.Obama signed the bill privately in the Oval Office little more than an hour after the Senate voted final passage on Tuesday.
Debates over raising the debt ceiling continue in Washington today. The House of Representatives is scheduled to vote on the Republican-backed "Cut, Cap and Balance Act" Tuesday evening, which allows for the debt ceiling to be raised to $2.4 trillion, but would require spending cuts and a new b