President Barack Obama has been demoted to second place from Forbes' Most Powerful People list which has named Russia's President Vladimir Putin as the leader of the pack.
The United States monitored the phone conversations of 35 world leaders according to classified documents leaked by fugitive whistleblower Edward Snowden, Britain's Guardian newspaper said.
US Congress has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risked default. The Democratic-controlled Senate's bipartisan compromise won approval by 81 votes to 18.
The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV interview she said a default would result in massive disruption the world over.
President Barack Obama has nominated Federal Reserve Vice-Chair Janet Yellen to run the world's most influential central bank and urged the Senate to confirm her without delay. Yellen, an advocate for aggressive action to stimulate US economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.
US President Barack Obama has warned that Wall Street should be concerned that a conservative faction of Republicans is willing to allow the country to default on its debt. The US government has partially closed after Congress failed to agree a budget and will run out of cash on 17 October unless its debt ceiling is raised.
Uruguay’s president Jose Mujica will be attending the UN 68th General Assembly on the last week of September in New York, where he is scheduled to meet with several of his Latinamerica peers and the Secretary General Ban-Ki-moon.
Hackers have hit back in retaliation for US cyber-spying on Brazil but mistook the US space agency NASA for the National Security Agency (NSA), a news website reported here Tuesday.
Brazilian President Dilma Rousseff on Tuesday postponed a state visit to Washington over allegations of US cyber-spying on her country. She announced the decision after discussing the spying row with US President Barack Obama Monday in a telephone call.
US President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the US debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.