Wall Street: Jobs report pushes US stocks up despite debt worries

Last Updated: Thursday, July 28, 2011, 23:38

An unexpected decrease in unemployment claims sent stocks slightly higher Thursday even as a stalemate continued in Washington over how to avoid a US debt default.

Obama seeks "Plan B" as US debt plans stall

Last Updated: Wednesday, July 27, 2011, 19:12

A Republican plan to cut the US deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks towards a deadline less than a week away.

US debt talks break down in acrimony

Last Updated: Saturday, July 23, 2011, 10:03

Negotiations on a sweeping deficit-reduction deal collapsed in acrimony on Friday as US House Speaker John Boehner pulled out of talks with President Barack Obama, dealing a blow to efforts to avert a looming debt default.

`Golf summit` brings out Obama, top Republican

Last Updated: Sunday, June 19, 2011, 10:14

President Barack Obama and his most powerful Republican critic met on the green in what was billed as the first US "golf summit" involving the fierce political foes.