Barack Obama

President says no to Republican demands on spending cuts in exchange for raising debt ceiling.

Upbeat sentiments continue in Japanese markets as yen remains at multi-year lows against US dollar.

Student at Taft Union High School had hitlist of fellow classmates who had bullied him.

Bakersfield shooting comes on day US vice-president Joe Biden says plans on curbing gun violence almost ready.

Tickets for 21 January event selling on eBay and Craiglist for thousands of dollars despite the event being free.

With 2013 Academy Award nominations imminent, Argo, Lincoln and Zero Dark Thirty are frontrunners.

Questions remain over appointment of Chuck Hagel and John Brennan to senior defence and CIA positions.

Supreme Court refused to hear case that challenged legality of funding research involving human embryonic stem cells.

Formal petition submitted to White House demanding Treasury mint unprecedented coin as debt deadline draws closer.

Mixed employment data and concerns over US budget talks keep investors in a cautious mood.

Bourses open lower as US debt ceiling and market overheating concerns set in after the previous day's multi-month high rally.

US will breach $16.4 trillion debt limit on 28 February, setting new deadline for lawmakers to agree spending cuts

Fears of recession subside after lower house approves bipartisan deal.

Deal paves way for raising taxes for individuals earning more than $400,00 and couples getting over $450,00, while retaining unemployment benefits.

Burma President Thein Sein allows public gathering to salute 2013 as junta restrictions ease.

Stocks trade in narrow volumes as major bourses remain shut.

Most of the Asian bourses post annual gains as the year 2012 comes to a close.

Democrats and Republicans still sharply divided over tax hikes.

Markets trade positive on final working day of year, but remain wary of US 'fiscal cliff' talks

Analysts fear panic if no deal is reached on debt ceiling and tax increases.

As Obama exudes some hope, efforts on to find middle ground.

Stocks gain following strong Asian cues but traders look to the US lawmakers for a last-minute 'fiscal cliff' deal.

Barack Obama set to meet congressional leaders at White House as optimism wanes and deadline looms.

Asian markets extend gains as the Yen dropped to a more than two-year low on monetary easing hopes.

US president returns early from Hawaii for emergency talks on how to break deadlock with Republicans.

Aung San Suu Kyi, Pussy Riot, Bashar al-Assad and Francesco Schettino among the 12 people who made the headlines in 2012.

Traders remain wary as US lawmakers struggle to clinch a last-minute deal to avert fiscal crisis.

Traders remain cautious on US budget concerns as lawmakers struggle to settle differences before the deadline.

Alleged use of deadly sarin gas on rebel areas in Homs raise spectre of Syrian regime resorting to chemical weapons.

Petition on White House website hits 25,000 signatures in three days after Morgan attacks 'right to bear arms' amendment.