
A special debt-reduction committee in the US Congress failed to reach agreement, extending partisan gridlock into the 2012 election year and setting the stage for 1.2 trillion dollars in automatic spending cuts.

As has happened in several European countries, namely Germany, nearly 140 millionaires asked members of the United States Congress to increase their taxes for the sake of the nation.

President Barack Obama was encouraged by the constructive tone of a discussion about the South China Sea issue at an East Asia leaders' meeting in Bali, Indonesia, a senior US official said.

Stanford University marine biologist William Gilly and other researchers have been studying Humboldt squid in Mexico's Sea of Cortez to determine why the animals have been spawning at a much younger age and smaller size than usual.

Persistent, inquisitive, and incisive, Javier Sierra, New York Times bestselling, author, historian, and journalist, gave an exclusive presentation to the Foreign Press Association whilst visiting New York City.

New York police prevented protesters from shutting down Wall Street, arresting at least 177 people in repeated clashes with an Occupy Wall Street rally that grew to several thousand strong.

President Barack Obama said that the Asia-Pacific region will play a key role in defining the world's future. The United States is a Pacific power, and we are here to stay, he stated in a speech to the Australian Parliament, sending a clear message to Beijing.

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.