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IMF warns on U.S. debt, markets slide

Pressure rose on President Barack Obama and top lawmakers Monday to avert a ruinous US debt default just days away, as stocks slipped and the IMF warned of a “severe shock” to the world economy. Obama cancelled a pair of political fundraisers as Democrats and Republicans huddled separately in congress…

Obama barely paying attention to 2012 Republican contenders

WASHINGTON — The White House said Thursday that President Barack Obama was barely paying attention to the Republican race to unseat him in 2012, as a possible foe Mitt Romney threw his hat into the ring. But it did mount a detailed defense of Obama’s economic record, as Romney warned…

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