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US president Barack Obama said the wealthy and corporations should pay their "fair share" to cut the country's deficit.
US President Barack Obama last night said the US government is set to unveil a "more ambitious" deficit reduction plan after urging lawmakers to pass a wide-reaching jobs creation programme.
A long-term plan to provide more US citizens with health insurance may fall short of hitting its targets as it is still too expensive for a lot of people, according to reports.
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As Barack Obama and S&P continue their public spat over the ratings agency’s downgrading of America’s Triple A credit rating, just how much importance should advisers place on a downgrade?
Update (1:07pm): The FTSE briefly joined the bear-market club on Tuesday before regaining most of the day's losses as global markets continue to experience extreme volatility.
Update (3pm): The Dow Jones dropped 35 points in early US trading on Wednesday after better-than-forcast employment figures had momentarily lifted investor sentiment.
Today’s papers are jam-packed with analysis and comment on the US and European debt crises. Here's the best of it...
As the budget deficit crisis talks in the US remain in deadlock, a number of US financial institutions including BlackRock, Legg Mason and Allianz Global have written an open letter to Barack Obama and Members of Congress urging them to reduce the deficit substantially, rather than simply addressing the debt ceiling.
A vote on a Republican bill to raise the US's debt ceiling and prevent it from defaulting for the first time has been delayed.
Britain has lost its status as the investment capital of Europe with flows of capital into and out of the country plunging since the crash of 2007, it was revealed.
The dollar touched a three week low against the euro as investors were kept waiting for signs of progress in US lawmakers' attempt to raise the debt ceiling.
More public sector pensions uproar, UK recovery fears and still no deal on the US debt ceiling. Our round-up of the news from the nationals.
Business secretary Vince Cable has hit out at what he described as "a few right-wing nutters" holding up a deal to cut US government debt.
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