US President Barack Obama could have taken action but did not want to weaken the intelligence services.

President Barack Obama has warned of immediate damage to United States creditworthiness if Congress fails to raise the debt ceiling.

Democrat sheriff Barack Obama and his Republican foes have been on the brink many times but the final two days are bizarre and unpredictable.

The biggest mystery of the Dubai debt crisis is not why this desert dream has turned into a nightmare, but why it took so long.