BEIJING, Nov. 13 (Xinhua) -- The spot price of the yuan against the U.S. dollar rose to 6.2262 on Tuesday, marking a record high since China's foreign exchange reforms seven years ago.
Tuesday was the second consecutive day that the spot price of the yuan against the U.S. dollar hit a record … Continue Reading
Submitted by Mark Modica on Tue, 10/29/2012 - 10:53
Coming hot on the heels of speculation that some Jeep production may be moved to China comes a bombshell from a Bloomberg report. Fiat is now considering moving Chrysler and Jeep production to Italy.
According to the piece, "To counter … Continue Reading
Senate Majority Leader Harry Reid said Wednesday that he will not allow changes in Social Security to be part of the negotiations to avoid a federal budget fiscal cliff, further narrowing the opportunities for savings that could be tapped to close the deficit.
Republicans have insisted that … [ Continue Reading ]
WASHINGTON (AP) — Congress is back in town after the election to find a way around automatic tax increases and spending cuts in January. But first, lawmakers are dealing with 41 polar bear carcasses.
In its first roll call since September, the Senate voted 92-5 on Tuesday to debate a bill to … [ Continue Reading ]
However the government shutdown plays out, the GOP needs a serious debt-ceiling plan, quickly.
They said they wanted to avoid it, but at the stroke of midnight Monday, four people got the government shutdown they wanted.
President Barack Obama and Senate Majority Leader Harry Reid wanted … Continue Reading
Wednesday, November 14, 2012
President Obama will hold a press conference today to push his deficit-cutting plan as lawmakers in Washington battle over ways to prevent the massive tax hikes and spending cuts scheduled for January 1. Given the partisan bickering, a bare majority of voters … Continue Reading
By KEVIN CIRILLI | 11/13/12 11:36 AM EST
A Montana state lawmaker is asking that he be paid in gold coins because of his lack of faith in the U.S. dollar amid a rising deficit.
Jerry O’Neil, a Republican just reelected in his northern Montana … Continue Reading
By AMY BINGHAM (@Amy_Bingham) Sept. 18, 2012
Mitt Romney gave up on winning support from nearly half of the American electorate in May, telling wealthy supporters at a private fundraiser that he could not hope to win the votes of the 47 percent of … Continue Reading