by Matt Michaels | Jul 17, 2012 | Business & Tech
WASHINGTON — Even if the U.S. economy rebounds from the meltdown of 2008, leading budget experts said Tuesday that the financial crises facing many states will continue indefinitely. The State Budget Crisis Task Force — an independent group led by former Federal...
by Kevin Wang | Jul 17, 2012 | Business & Tech
WASHINGTON — Concerned that the ballooning national debt could hurt the U.S. even more in the next decade, Sen. Bob Corker, Republican from Tennessee, on Tuesday called his colleagues in Congress “unbelievably irresponsible” for not doing more to tackle the most...
by Ali Durkin | Jul 17, 2012 | Business & Tech
WASHINGTON – A top HSBC executive told a Senate subcommittee Tuesday he will resign in the wake of the committee’s investigation highlighting how poor oversight and weak regulations prompted the bank’s U.S. affiliate to become a “gateway” for money laundering,...
by Kevin Wang | Jul 17, 2012 | Business & Tech, National Security
WASHINGTON – Fearing that rising global oil demand and political turmoil in oil-rich regions could undermine U.S. national security, some retired military officers are urging America’s leaders to find alternative fuels to burn. Former Army Col. Dan Nolan said...
by Elizabeth Dexheimer | Jul 16, 2012 | Business & Tech
WASHINGTON — A leading senator on Monday suggested Democrats are willing to let the country fall off the “fiscal cliff” at the end of the year if Republicans won’t agree to raise taxes for upper-income Americans. “If we can’t get a good deal, a balanced deal that...
by Kevin Wang | Jul 16, 2012 | Business & Tech, National Security
WASHINGTON – Most Americans, regardless of political affiliation, favor a slimmer U.S. military, a new survey has found. Cutting defense spending was welcomed by 80 percent of those who live in Democrat-led districts while and 74 percent of those in Republicans-led...
