Global economy jitters as US debt debacle lingers

For the first time in its history America faces prospect of bankruptcy and a potential crash of the global economy as US law makers continue to bicker over the raising the cap on the borrowing limits of the US Treasury.

With the Tuesday deadline of a possible default looming, Americans yesterday reacted angrily with phone calls to their representatives in Washington in response to President Barack Obama’s nudge to Americans to call their representatives to order.

Will America's budget deficit bring an end to world peace?

Did you know that the U.S. still stations nearly 50,000 troops in Japan? That's pretty amazing when you think about it. The war in the Pacific ended 66 years ago, and there hasn't been a conflict in Northeast Asia since the Korean War of the early 1950s, but America still maintains a hefty military presence in the area. Another bunch of soldiers are parked nearby in South Korea. Why in the world are all those soldiers still there?