The US government's debt load topped the 15 trillion dollars mark Wednesday, as politicians in Congress continued to battle over how to cut spending. Treasury figures showed the burden of federal borrowing reached 15,033,607,255,920.32, up 55.8 billion from Tuesday.
As protestors against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43.000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
The European Central Bank stepped in on Wednesday to stem an accelerating sell-off of Euro zone government bonds, traders said, after the United States called for more decisive action to halt a spreading sovereign debt crisis.
The administration of President Barak Obama reaffirmed its decision to “keep reminding” Argentina of the need to comply with its international obligations as well as the importance of upholding an investment climate ‘transparent and fair’ that includes paying creditors, points out a piece from Buenos Aires La Nacion correspondent in Washington.
A judge upheld New York City's legal justification for evicting Occupy Wall Street protesters from a park when police in riot gear broke up a two-month-old demonstration against economic inequality.
Police wearing helmets and carrying shields evicted protesters with the Occupy Wall Street movement early Tuesday from the park in New York City's financial district where they have camped since September, dismantling their tent city and arresting about 70 people.
California Police moved in on Monday and cleared out anti-Wall Street protesters from Oakland's City Hall plaza, arresting 32 people but avoiding the sort of clashes that marked a previous attempt to shut down the Occupy Oakland camp.
President Cristina Fernández met on Thursday with newly appointed Argentine ambassador to the US Jorge Argüello at the Olivos presidential residency, and instructed him to improve bilateral ties “to their best possible levels.”
The US is struggling to keep up with surging demand for visas in Brazil and China, as the growing middle class in the world’s two biggest emerging markets flock to US shopping malls and tourist resorts.
Bolivia and the United States restored full diplomatic ties Monday for the first time since 2008. Three years ago the Andean nation's government expelled the US ambassador and the Drug Enforcement Administration (DEA). The US expelled the Bolivian ambassador in return.