The shortfall needed to pay civil servants' retiree benefits -- split between the federal government and US states -- is a whopping $1.7 trillion, according to an estimate released Monday.
"This is the worst ever crisis in the post-war era. There is no doubt about it," Economic and Fiscal Policy Minister Kaoru Yosano said, warning that a rebound is impossible before the global economy improves.
An expert on girls' education became Saudi Arabia's first woman minister on Saturday as part of a wide-ranging cabinet reshuffle by King Abdullah that swept aside several bastions of ultra-conservatism.
SANTA FE, N.M. - Former astronaut Harrison Schmitt, who walked on the moon and once served New Mexico in the U.S. Senate, doesn’t believe that humans are causing global warming.
Obama drops plan to name a single "car czar" to oversee the restructuring of GM and Chrysler. Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers will oversee the Presidential Task Force on Autos
North Korea has been preparing to test missiles since January, the South's defense minister Lee Sang-hee told parliament, adding he had given commanders in the field authorization to respond to any North Korean provocation.
Pakistan agreed on Monday to restore strict Islamist law in the Swat valley to pacify a revolt by Taliban militants, and a suspected U.S. drone fired missiles yesterday in the region killing at least 26 people.
In the aftermath of the Mumbai terrorist attacks, the CIA orchestrated back-channel intelligence exchanges between India and Pakistan, allowing the two former enemies to quietly share highly sensitive evidence while the Americans served as neutral ar
In their summary of evidence against Mohammed Sulaymon Barre, a Somali detained at Guantanamo Bay, military investigators allege that he spent several years at Osama bin Laden's compound in Sudan. But other military documents place him in Pakista
In its bid to be more lenient this year, the IRS is giving its employees more flexibility in helping taxpayers in financial straits. Employees will have greater authority to temporarily suspend collection in certain hardship cases, especially when th
Illinois Republicans called Sunday for a perjury investigation of Sen. Roland W. Burris (D), who declared that he did not try to mislead state lawmakers about his contacts with associates of former governor Rod Blagojevich.
President Obama has dropped the idea of appointing a single, powerful "car czar" to oversee the revamping of General Motors and Chrysler and will instead keep the politically delicate task in the hands of his most senior economic advisers
Six former Rhodes Scholars (educated at Oxford University in Britain) and four others associated with the London School of Economics are serving in key posts in the Obama administration. That’s not good.
Government cops are here to protect you by shouting orders at passing strangers on bicycles, For Their Own Good, and then, if the biker should fail to immediately obey arbitrary commands to stop, bellowed by complete strangers on the street at 9:30 p
First, Obama gave his acceptance speech at Invesco field in Denver. Now he heads west to SIGN HR 1? Doesn't that strike anyone as very very strange? Well, as it turns out there is a billion dollar airport out there that was established by the
US Secretary of State Hillary Clinton left for Asia on Sunday for her maiden mission as the chief US diplomat after pledging to strengthen US ties with the region. High among her priorities are finding ways to tackle the global economic crisis and cl
Eastern Shore soybean farmer Steve Van- Kesteren learned that the hard way when he was charged with taking two red-tailed hawks, a violation of the federal Migratory Bird Act. The evidence against him was a video recording
Of particular concern to gun owners are sections 13101 through 13434 of HR 1, which would set up the infrastructure to computerize the medical records of ALL AMERICANS in a government-coordinated database.