BLOOMBERG
When Mahmoud Abbas walks to the podium of the General Assembly today to ask for United Nations acceptance of Palestine for membership, he knows his bid cannot succeed. He’s going ahead anyway.
The Obama administration’s focus on stopping Palestinians from gaining statehood recognition at the United Nations has diverted U.S. attention from the possible fallout from the showdown in New York -- a breach with Arab allies and a spark for violence in the Middle East.
Rick Perry and Mitt Romney intensified their attacks on each other during a televised debate last night, sparring over Social Security and health care in the escalating two-man battle dominating the Republican presidential contest.
Group of 20 finance chiefs pledged to address rising risks to the global economy and pushed Europe to contain its sovereign debt crisis after concern the world is on the brink of another recession sent stocks tumbling.
The Mexican peso’s longest losing streak on record is fueling concern inflation will quicken and prompting traders to scrap bets on interest-rate cuts.
Germany’s private banks plan to cut voluntary guarantees on consumer and investor deposits, drawing on the lesson from systemic crises such as the one triggered by the collapse of Lehman Brothers Holdings Inc.
Bank of America is among a group of lenders that may face a wave of new lawsuits claiming cash-strapped counties were cheated out of millions of dollars by a system used for more than a decade to register mortgages.
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Congress' latest must-pass bill is prompting a new House-Senate showdown, highlighting a partisan rift so raw that an effort to help disaster victims has become mired in disputes over jobs, the national debt and the discredited Solyndra solar energy company.
President Barack Obama is giving states the flexibility to opt out of provisions of the No Child Left Behind law, a move he says is designed to energize schools but Republicans challenge as outside his authority.
Pakistan lashed out at the U.S. for accusing the country's most powerful intelligence agency of supporting extremist attacks against American targets in Afghanistan — the most serious allegations against Islamabad since the beginning of the Afghan war.
While publicly pressuring Israel to make deeper concessions to the Palestinians, President Obama has secretly authorized significant new aid to the Israeli military that includes the sale of 55 deep-penetrating bombs known as bunker busters, Newsweek has learned.
A severe shortage of drugs for chemotherapy, infections and other serious ailments is endangering patients and forcing hospitals to buy life-saving medications from secondary suppliers at huge markups because they can't get them any other way.
A NASA satellite is expected to plummet to Earth today (Sept. 23), and agency officials are monitoring the dead spacecraft closely to try to narrow down when and where the debris will fall.
European banks have already received 420 billion euros in funds to help recapitalize and are in a much better shape than three years ago.
Moody's downgraded eight Greek banks Friday, citing their exposure to their government's bonds and the deteriorating economic situation in the country as it struggles to convince creditors it's doing enough to get more bailout cash.
The Republican presidential contenders say vast parts of the Department of Education would be on the chopping block — if not completely shut down.
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