Failure by US lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a severe shock to a still fragile recovery and global markets, the International Monetary Fund warned.
United States President Barack Obama cited cost as a reason to bring troops home from Afghanistan and referred to a one trillion US dollars price tag for US wars. The figure grossly underestimates the total cost of wars in Iraq, Afghanistan and Pakistan to the US Treasury and ignores more imposing costs yet to come, according to a study released Wednesday.
The UK press reacted to the US President Obama administration support of an Argentine inspired Organization of American States, OAS, unanimous declaration on the Falklands/Malvinas question that calls for sovereignty negotiations.
US President Barack Obama supports UN Secretary-General Ban Ki-moon's bid for a second term and believes he has made important reforms at an institution that is imperfect, the White House said on Tuesday.
Moody's has warned it may downgrade the US debt rating if Congress fails to increase the US debt limit in the coming weeks and risks default. The agency warned of political entrenchment preventing an increase.
President Obama has told British politicians that, despite the rise of new global powers, the time for US and European leadership is now. He said the influence of the US, UK and allies would remain indispensable, in a speech in Parliament on the second day of his UK state visit.
British Prime Minister David Cameron and US President Barack Obama have written a joint article for the Times at the start of the US State Visit to the UK.
US President Barack Obama received a royal 41-gun salute at Buckingham Palace Tuesday to begin a two-day state visit aimed at ensuring the United States and Britain keep the special in their relationship.
Israeli Prime Minister Benjamin Netanyahu said US President Barack Obama vision of a Palestinian state on the borders of 1967 could leave the Jewish state indefensible.
President Barack Obama issued an impassioned call for immigration reform in a speech at the US-Mexican border on Tuesday, sending a message to Hispanics whose votes he needs to win re-election next year.