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IMF chief warns of global dangers of U.S. default

IMF chief Christine Lagarde warned Tuesday the clock was ticking on a US debt deal, as the dollar slid to new lows amid concerns of a looming and unprecedented default by the world’s top economy. President Barack Obama, in a solemn late night address to the nation, hit out at what…

Bachmann paid Fox News makeup artist $4,700

Republican presidential candidate Michele Bachmann likes to call herself a fiscal conservative but some voters may question that after seeing her latest campaign expenditures. Campaign finance filings indicate that during a two-week period in the month of June, Bachmann spent nearly $4,700 with just one makeup artist. Payments of $1,715,…

Study: Marijuana compound helps mitigate cocaine addiction in mice

Researchers in Maryland and Beijing have learned that a component marijuana helps mitigate cocaine addiction in mice, leading some to hope that marijuana may one day become the next big anti-addiction therapy. The discovery was announced in the July 2011 edition of Nature Neuroscience. The study found that cannabidiol, an…

Oregon Rep. Wu to resign over sex allegations

Rep. David Wu (D-OR), despite insisting to colleagues that he had done “nothing illegal,” announced Tuesday that he will resign, according to the Associated Press. The congressman is facing scrutiny after a teenage girl’s accusation that she had an “unwanted sexual encounter” with him over Thanksgiving last year. Wu released…

Racial wealth gap greatest in quarter century

If it seems like the consequences of the dire economic climate keep rushing on, that’s because they are. A new Pew Research Center analysis of census data shows that the wealth gap between white people and minorities is the widest it has been in 25 years. The average white households’…

Three same-sex couples get married on the Broadway stage

Three couples took center stage — literally — Monday, a day after same-sex marriages became legal in New York. The couples were married onstage during the Broadway musical “Hair,” where they received a standing ovation and were serenaded by hundreds of cast and audience members with the memorable hit song…

GOP lawmaker admits he’s extorting Congress to rewrite Constitution

Sen. Mike Lee (R-UT) told MSNBC’s Chris Matthews Monday that he is giving Congress ten days to pass a constitutional amendment that would make raising taxes nearly impossible. And if he doesn’t get what he wants, he will do everything in his power to force the U.S. to default on…

U.S. debt talks limbo a ‘dangerous game’: Obama

President Barack Obama warned of a “deep economic crisis” if Washington fails to raise the US debt limit, and urged Americans in a speech to demand that Republicans compromise in stalled talks to avoid a default. A day shy of the one-week mark before the United States begins to run…

U.S. takes on Iraq pullout ‘one bite at a time’

From flyers warning troops the post office will shut soon to disused housing units waiting to be dispatched to their new destination, the signs are everywhere: US forces are packing up to leave Iraq more than eight years after they first arrived. The scale of the operation is unprecedented in…

More wildfires will transform U.S. national park: study

Climate change is likely to cause more frequent wildfires and may transform the forests and ecosystem of the iconic Yellowstone national park in the coming decades, a US study said Monday. Dense forests dominated by narrow lodgepole pines trees are currently a dominant feature of the picturesque tourist destination which…

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