NEW YORK (CNNMoney) - The Standard & Poor's rating agency served the Obama administration with notice Friday afternoon that it planned to downgrade the U.S. government's AAA credit rating, an administration official told CNN.
But S&P has yet to make its ruling public, and the source told CNN the agency is reconsidering after the administration challenged S&P's analysis of the government's finances.FULL STORY
Houston, Texas (CNN) – Rick Perry seems to believe in the power of mixing prayer and politics.
The Texas governor has called on both Christians and politicians to attend his religious gathering, dubbed "The Response," in Houston this weekend.
Washington (CNN) – With the U.S. economy still reeling from the Great Recession and fears growing of a double dip, it's critical that the Obama administration and Congress keep a very careful eye on every taxpayer dollar spent.
Like all of you, I was relieved that they finally worked out a temporary fix to keep 4,000 FAA employees and tens of thousands of construction workers on the job. Had they failed to work out a deal, taxpayers would have lost more than $1 billion while Congress remains in recess until September 7. Now, with the Senate having solved the problem, we won't lose that money.FULL STORY
(CNN) – Rick Perry is set to meet privately with dozens of grassroots Republican activists when he visits the crucial early primary state of South Carolina next week, another sign that the Texas governor is taking steps to join the 2012 presidential race.
Perry will be in Charleston next Saturday to address the RedState Gathering, a conservative conference featuring appearances by Gov. Nikki Haley and Sen. Jim DeMint.
Washington (CNN) - President Barack Obama signed legislation Friday temporarily restoring full funding to the Federal Aviation Administration, breaking a political impasse and allowing roughly 4,000 furloughed federal employees to return to work.
The measure also promises to restore tens of thousands of jobs in the construction industry and elsewhere tied to airport improvement projects put on hold as a result of the funding shortfall.FULL STORY
(CNN) – President Barack Obama signed legislation Friday temporarily restoring full funding to the Federal Aviation Administration, breaking a political impasse and allowing roughly 4,000 furloughed federal employees to return to work.
Capitol Hill (CNN) – How does the jobs picture look for the U.S.? Friday's government report shows slight improvement for Americans who have jobs now, but that things have gotten worse for those who are looking for work. And a lot worse for female veterans. Read our one-page American Sauce cheat sheet on where the country stands with jobs.
Manchester, New Hampshire (CNN) – A group of New Hampshire GOP officials personally delivered both an entreaty and a word of caution to Texas Gov. Rick Perry this week: Come visit our state, and do it quickly.
The group of about ten Republican state heavyweights traveled to Austin Thursday to meet with Perry and ask him to come talk to voters in the first-in-the-nation primary state.
Manchester, New Hampshire (CNN) - On a breezy evening in August, Jon Huntsman walked into a house party filled with undecided New Hampshire voters and started shaking hands.
Across from the table of hors d'oeuvres, State Rep Joanne Ward, R-Stratham, noticed something was off. And when the GOP presidential candidate made his way to her, she chided him on it.FULL STORY
Washington (CNN) – President Barack Obama outlined a new initiative Friday that aims to help former members of the military find private sector jobs, part of his renewed job creation effort focusing on unemployed veterans.
In front of 300 active service members and their families at the Washington Navy Yard, the president laid out a series of reforms that his administration is pledging will better prepare service members for the civilian work force and encourage employers to hire recent veterans.FULL STORY