US Vice President Joe Biden and top lawmakers on Thursday held their first closed-door talks on government spending cuts, seeking elusive common ground with just two weeks to reach a deal.
• Stocks surge with positive jobs outlook, despite oil spike - Washington Times
Signs of a strengthening job market sent Wall Street stocks soaring Thursday, inspiring hopes that the U.S. economy will see robust growth this year despite surging oil prices.
Treasury Secretary Tim Geithner told lawmakers Thursday that the U.S. and other nations are prepared to tap back-up oil reserves if Libya unrest continues and severely disrupts oil supplies.
The clock is ticking on the Obama administration’s plans to implement Obamacare. That was the bottom-line result following a federal judge’s ruling Thursday giving the administration just seven days to file an expedited appeal either to the U.S. Supreme Court or the 11th Circuit Court of Appeals.
House Speaker John Boehner declares that President Barack Obama's decision not to defend the Defense of Marriage Act (DOMA) in court is "outrageous" and vows that Republicans will intervene in the next few days.