The new "Debt Supercommittee" created by the recent deficit ceiling deal now has 9 of its 12 members, as House Speaker John Boehner says Rep. Jeb Hensarling of Texas will co-chair the new committee, according to the AP.
The panel's task will be to create a bipartisan plan for cutting the federal deficit by around $1.5 trillion. That money could come from a combination of spending cuts and raising revenue.
If the panel fails to reach an agreement, automatic cuts would be made — and the automated cuts were crafted to be unpalatable to both of the major political parties.
Call it what you will — an August Occasion, Summery Judgment, Iowa ... wa ... whatever — the hype is hyperbolic this week as Republican presidential aspirants converge on Ames, Iowa, like storm clouds on an open prairie. The candidates will debate Thursday night at Iowa State University and then be subjected to a straw poll on Saturday.
A study suggests that listening to music is a simple way for cancer patients and their families to help manage stress.
Music therapy for cancer sounds like the ultimate in New Age woo-woo. But a respected medical journal now says that listening music can indeed help relieve the suffering caused by cancer and cancer treatments.
"Bear Woman" Lynne Gravier turned her ranch home into something of a luxury resort for more than a dozen bears, like this young California black bear, seen here in a tree in Los Angeles last year.
Credit Mike Meadows / AP
It's illegal to feed the bears in California. So what to do with Mendocino County's "Bear Woman," who remade her home into something of a luxury resort for more than a dozen bears? Before the authorities stepped in, Lynne Gravier was reportedly feeding them as much as 6,000 pounds of corn each month.
U.S. stocks stumbled out of the gate Wednesday, falling more than 300 points in the first few minutes of trading.
The sharp drop came despite a rally that buoyed U.S. indexes Tuesday, and rallies from the European and Asian markets Wednesday. Global investors seemed to take heart in the Federal Reserve's pledge to maintain low interest rates and stabilize the U.S. economy.
Ocean City, N.J. has among the high medical spending from people with private insurance.
Quick: Where do insured Americans spend the most on health care? Miami? Los Angeles?
Nope. It's Anderson, Ind., where people with employer-provided insurance spent an average of $7,231 on medical treatments per year. That's according to an analysis of 382 metropolitan areas by Thomson Reuters, a consulting firm that has one of the biggest databases of insurance claims from employers.
After hearing people shout that a woman was about to jump from a burning building, photographer Amy Weston snapped this image of the woman's leap to safety.
Credit Amy Weston / WENN
An arresting image of a woman jumping into the arms of riot police has become a sensation, as the stark silhouette of her leaping figure against a background of bright flames captures a dramatic moment in Britain's riots. At least five of Britain's largest newspapers used the photo on their front pages Tuesday.
Several Kentucky cities and utility companies have signed a Memorandum of Agreement with the U.S. Army Corps of Engineers to modernize and rehabilitate hydropower plants along the Cumberland River. Project manager Jay Sadler says the agreement implemented Tuesday allows the municipalities to maintain service by helping pay for the much-needed improvements.
With Texas Governor Rick Perry's recent prayer rally and a new deal guaranteeing Kentucky's Ark Encounters project property tax breaks, the sometimes tricky relationship between politics and religion is on display again. In the case of the bible-based theme park, some worry all the business incentives are signs that church and state getting too cozy.