Spencer Patterson

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Palin: 'Defaulting On Our National Debt Is An Impeachable Offense'

<b>WASHINGTON (CBSDC)</b> — Former Alaska Gov. Sarah Palin believes President Barack Obama should be impeached if he raises the debt ceiling without the …

How fast food poverty costs America billions

While fast food corporations reap vast fortunes, taxpayers finance $7 billion in public assistance for the workers<p>Twin studies released at noon Tuesday estimate that the majority of families of front-line fast food workers use public assistance, at a taxpayer cost of nearly $7 billion a year, while …

World should 'de-Americanise', says China following default fears

US default fears prompts China's state-run media call for the world to "de-Americanise" as Christine Lagarde warns of "massive disruption the world over"<p>The looming prospect of a <b>US</b> default on debt prompted <b>China</b> to call for the world to “de-Americanise”, amid warnings of a new global recession.<p>In …

Meet the Press

U.S. May Join Germany of 1933 in Pantheon of Defaults

Reneging on its debt obligations would make the U.S. the first major Western government to default since Nazi Germany 80 years ago.<p>Germany …

A job engine sputters as hospitals cut staff

Hospitals are cutting thousands of jobs, undercutting a sector that was a reliable source of job growth, even through the recession.<p>Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and …