The dramatic rise in student debt—and in student loan defaults—could leave US taxpayers on the hook for hundreds of billions of dollars. The reason: A little-noticed provision in the healthcare law signed by President Obama last March.

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Student Loan Reforms Putting Taxpayers on Hook for Billions

Less than a week ago, the bipartisan deficit panel offered a package of tough tax hikes and spending cuts. Now the president and Republicans have agreed to a tax plan that will add $900 billion in debt over two years.

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Obama-GOP Tax Deal Marks Quick Reversal on Deficit Issue

The departure of economic adviser Larry Summers opens the way for President Obama to shake up leadership of his economic team and show he is taking seriously growing public frustration over the sluggish economic recovery.

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What Summers Exit Will Mean For Obama’s Economic Policy

At Friday’s press conference from the White House, the president is expected to fault Republicans for failing to help him on improving the economy or support his call for new tax cuts for businesses.

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As Election Nears, Obama Challenges GOP on Economy

The Fed needs a plan for significant quantitative easing if deflationary expectations in the US continue, St. Jouis Fed President James Bullard said.

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Fed’s Bullard Calls for ‘Significant’ Easing Plan

With President Obama’s successful move to force BP to establish a $20 billion compensation fund, he has reinvigorated a debate about the reach of government power.

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Obama’s Twist of BP’s Arm Stirs Common Tactic Debate

Europe’s sovereign debt crisis has not pushed back the timing of a rise in the Federal Reserve’s benchmark interest rate, St. Louis Federal Reserve Bank President James Bullard said on Monday.

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Fed’s Bullard: Strong Global Recovery Under Way

The British government says President Barack Obama has reassured Prime Minister David Cameron that his frustration over the oil spill in the Gulf of Mexico is not an attack on Britain.

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Obama Tells UK No Hard Feelings over BP Oil Spill

China will “firmly stick” to its own path for yuan reform, President Hu Jintao said in a meeting with U.S.

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China’s Hu Says Beijing Will Not be Pressured on Yuan

Victory within reach, President Barack Obama rallied House Democrats on Saturday for a final health care push ahead of a critical make-or-break vote for his presidency, capping off a long, turbulent debate that has left the country deeply divided.

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Obama Calls on Democrats to Pass Health Care Bill