How dare Harry Reid, the Majority Leader of the U.S. Senate, spew his latest unsubstantiated rumors against Mitt Romney?
One would think that Obama and his White House would want to keep the name Solyndra as far from the headlines as possible. Yet, President Obama is rubbing elbows with key players in the Solyndra stimulus disaster at a high-priced fundraiser where donors paid $35,800-per-person.
Harry Reid got – as he often does – in calling Republican donors “angry old white men”. Imagine the reaction if House Speaker John Boehner were to say something such as: support or donations to Obama made by 17 angry black men.
Administration officials privately called S&P’s analysis flawed. But Obama himself refrained from comment as he spent the weekend at Camp David.
On Wall Street, all three major indices dropped more than 2 percent Tuesday following news that consumers cut their spending in June.
Both the Republican and Democratic leaders of the Senate are throwing their weight behind a debt-limit agreement sealed with President Barack Obama and top leaders of Congress.
Executives from the country’s biggest banks met with U.S. Treasury officials Friday to discuss how debt auctions will be handled if Congress fails to raise the borrowing limit before Tuesday’s deadline.
The stalemated political tug of war over raising the debt ceiling has Mayor Michael Bloomberg saying it’s already hurting our reputation in the minds of investors around the world.
New York Sen. Charles Schumer says failure to the national debt crisis threatens New Yorkers’ Social Security and veterans’ benefits checks.
Republicans racked up dozens of victories. As of Wednesday morning they gained six seats in the Senate and 58 seats in the House, more than enough to give the GOP control of the lower house.
The White House is facing a continued firestorm of criticism following President Obama’s remarks about building a mosque near Ground Zero.