Argentina filed a long-shot appeal to the U.S. Supreme Court on Tuesday asking the justices in Washington to avert an “economic catastrophe” by overturning lower court rulings that could force the South American government to default on billions of dollars in debts.
Financial markets were watching, the retirement accounts of millions of Americans on the line.
The Republicans’ clear defeat in the budget-debt brawl has widened the rift between the Grand Old Party and the blossoming tea party movement that helped revive it.
The U.S. Treasury is doing something it hasn’t done in almost six years: paying off some debt.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
Congress is sending a $50.5 billion emergency relief measure for Superstorm Sandy victims to President Barack Obama for his signature.
Missouri Sen. Claire McCaskill spent more than $19 million on her re-election campaign but hasn’t finished paying all the bills.
Republican Michele Bachmann has dramatically reduced what had been a more than $1 million debt from her failed presidential run — and she has her congressional re-election effort to thank for it.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Billionaire Warren Buffett said Wednesday he’s confident that Congress will eventually pass a plan to address the so-called fiscal cliff, even if it doesn’t happen until early next year.