U.S. stock rally unravels as Dow, S&P 500 end sharply lower

In a dramatic reversal to a morning rally, U.S. stocks relinquished all of their opening gains, and then some, to finish with sharp losses. The main indexes began trimming gains in afternoon trade, falling into negative territory ahead of the closing bell as selling accelerated in the final hour.

CBO: Surging Federal Debt Under Obama Unsustainable

The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, enabling the government to stave off default without a debt limit hike perhaps through early December.

Obama has power to circumvent Congress on Iran nuke deal, analysts say

Even strong bipartisan disapproval by Congress of the Iranian nuclear deal won’t stop President Obama from implementing the agreement, so the vote next month is shaping up as a warning to Europe against resuming business with Tehran before the next U.S. president is elected.

Stock market endures worst day in 18 months

The U.S. stock market endured its worst performance in 18 months on Thursday, driven lower by another slump in Chinese shares and heavy selling by technical traders.

White House ‘comfortable’ with Iran ‘self-inspecting’ suspect nuke site

The White House on Wednesday said it was ‘confident’ in the abilities of the International Agency for Atomic Energy to monitor and inspect the possible military dimensions on Iran’s past nuclear work and was ‘comfortable’ with confidential arrangements between the IAEA and Tehran to ensure compliance with the nuclear deal signed on July 14.

New Video Emerges; Administration Warns States Trying to Defund Planned Parenthood

In what appears to be the next installment of the Planned Parenthood controversy, the Center for Medical Progress has released an interview with a former technician who claims that the harvesting of fetal body parts was often undertaken without the knowledge or consent of the pregnant women.

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