Factcheck: How much has the federal debt gone up under Obama? During his first three years in office, it rose $4.7 trillion, an increase of 45 percent. Partisan graphics circulating via email and Facebook are both incorrect.... Read more»
The Dow Jones industrial average and S&P 500 index had their worst Thanksgiving week since the markets began observing the holiday in 1942, with the Dow losing 4.8 percent and the S&P slumping 4.7 percent.... Read more»
Demonstrators continue to ‘occupy Wall Street’ to protest government coddling of financial institutions and seeming inability to get the economy back on track.... Read more»
As the presidential hopefuls took part in the CNN/Tea Party debate in Tampa, Fla., roughly 175 Arizona voters sat in front of CNN cameras as a satellite audience.... Read more»
The Super Congress opens for business Thursday with a mandate to identify $1.5 trillion in spending cuts before Thanksgiving. The process is fraught with politics, because every committee member is the creature of the wider political interests that have shaped them with advice—and campaign contributions.... Read more»
Joe Biden mistakenly claimed Americans own 85 percent of U.S. Treasury securities during his visit to China. Americans own 54 percent of the U.S. public debt — that is, the amount of debt held by the public. They own 69 percent of the total debt, which includes money the U.S. government owes itself.... Read more»
Rick Perry has made false or exaggerated claims on U.S. oil imports, the federal debt, Social Security and the federal health care law.... Read more»1
Italian lawmakers appear determined to tap into the country’s gambling sector to shore up gaping fiscal deficits.... Read more»
Dr. John Galgiani, director of the UA’s Valley Fever Center for Excellence, discusses the health implications of Arizona’s recent dust storms. Plus, the debt limit, studen-teacher Facebook friendships, and Arizona’s medical marijuana debate.... Read more»
The U.S. Senate passed a controversial increase in the federal government’s debt limit Tuesday, 74-26. President Obama quickly signed it into law. Arizona’s Republican senators voted for the bill: McCain released a long statement, Kyl’s office declined to comment.... Read more»
The U.S. House of Representatives on Monday voted 269-161 to approve a deal to raise the debt limit in a bill that would cut government spending by trillions and effectively raise the debt ceiling through the end of 2012.... Read more»
Arizona’s congressional delegation voted overwhelmingly Monday to oppose a bill to raise the debt limit, which nonetheless passed the House by a comfortable margin and could be taken up by the Senate Tuesday.... Read more»
This deal trades peoples’ livelihoods for the votes of a few unappeasable right-wing radicals, and I will not support it.... Read more»
U.S. Congressional leaders have reached a deal to raise the debt ceiling, reduce the deficit and avoid a government default, President Barack Obama said on Sunday night. (with video)... Read more»
Two hours after the U.S. House passed a reworked version of House Speaker John Boehner’s debt limit package in a vote of 218-210 on Friday, the Senate killed it in a 59-41 vote, and the nation continued to edge toward a possible default Tuesday.... Read more»
Revised data show the 2007-2009 recession was even deeper and the recent recovery much slower than the Commerce Department previously reported.... Read more»
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