"The United Statesí prized top AAA credit rating has been cut for the first time ever. Standard & Poorís has dropped Americaís ranking to AA+. The destructive force is the crippling debt which Congress has struggled to agree on how to tackle, with only an 11th-hour deal to raise the amount allowed. S&P says thatís not enough - and falls far short of whatís needed to stabilize the governmentís runaway borrowing. But the Obama administration says the analysis is way off, and will damage any recovery."
"In the past week alone 2.5 trillion dollars have been wiped off the value of global stocks.
That is why world leaders and policy makers have been scrambling over the weekend, trying to find a way out of the turmoil on the international markets caused by the debt crises in Europe and the United States."
"Conflicting and confused messages from Europeís policy makers have raised concerns that next week may worsen the eurozone debt crisis.
Fresh worries over Europeís bailout mechanisms this week hastened fears of another recession and saw stocks suffer their heaviest losses since 2008."
"European finance ministers have expressed confidence in the US economy, in spite of the countryís credit rating being downgraded for the first time in history.
However, China - which holds the vast majority of US debt - is far from happy.
Leaders there have criticised what they called Washingtonís "addiction" to debt. "
Amid Russia tensions, US nuclear bombers to conduct military drills in Sweden 2015-05-28 4:23
The Pentagon is planning to send nuclear bombers to Sweden for a military exercise next month amid growing tensions with Russia over the Ukraine crisis.
The warplanes, the B-52 Stratofortress, will participate in a naval exercise on June 13, Swedish general Karl Engelbrektson said.
They are set to fly from the United States nonstop and simulate a drop of anti-ship mines near ...
'Netanyahu to US: Give 50% more money, we'll shut up' 2015-05-28 4:55
Israeli Prime Minister Benjamin Netanyahu is asking the United States to provide Tel Aviv 50 percent more money for weapons and ‚Äúwe‚Äôll shut up‚ÄĚ on Iran nuclear talks, an author and investigative journalist in Philadelphia says.
Dave Lindorff made the remarks in a phone interview with Press TV on Wednesday while commenting on a report which says Israel has asked Washington ...
Britain To Outlaw "Hate" and "Extremism" 2015-05-28 1:53
UK home secretary Theresa May : "But what we're talking about is they key values that underline our society and are being undermined by the extremists. Values like democracy, a belief in democracy, a belief in the rule of law. A belief in tolerance ...eh... for other people. Equality and acceptance for other people's faith and religions.
One of the great ...
Killer robots will leave humans 'utterly defenceless' warns professor 2015-05-28 1:08
Robots, called LAWS ‚Äď lethal autonomous weapons systems ‚Äď will be able to kill without human intervention.
Killer robots which are being developed by the US military ‚Äėwill leave humans utterly defenceless‚Äė, an academic has warned.
Two programmes commissioned by the US Defense Advanced Research Projects Agency (DARPA) are seeking to create drones which can track and kill targets even when ...
Here's how much corporations paid US senators to fast-track the TPP bill 2015-05-28 1:21
Critics of the controversial Trans-Pacific Partnership are unlikely to be silenced by an analysis of the flood of money it took to push the pact over its latest hurdle.
A decade in the making, the controversial Trans-Pacific Partnership (TPP) is reaching its climax and as Congress hotly debates the biggest trade deal in a generation, its backers have turned on the ...