Despite record federal tax revenues of $1.9 trillion, the federal government still managed to run a deficit of $436 billion through the first eight months of the fiscal year, according to the U.S. Treasury.
President Obama today moved to close a “loophole” in regulations aimed at easing the burden of repaying federal student loans.
Thousands of Pakistani Christians live like slaves in Punjab’s Muslim-owned brick kiln industry.
An evangelical pastor who faces execution in Iran for refusing to abandon his Christian faith has urged fellow believers to remain faithful to Jesus Christ and the “Word of God” despite persecution, according to a letter obtained by Worthy News.
U.S. Federal Reserve Chairman Ben Bernanke says the economy will face “calamity” if congressional Republicans and President Obama cannot reach an agreement to raise the legal limit on borrowing.
The incoming prime minister of Hungary, Viktor Orbán, has introduced ministers of what observers say will be the smallest Cabinet since the country’s communist regime collapsed in 1989. His incoming center right government will have to lift the European Union member from a deep recession.
Police have arrested a local branch manager of Pakistan’s Khushali Bank Limited (KBL) in Punjab province for allegedly using force to recover a bank loan from a Christian entrepreneur, who later died of a heart attack, leaving behind a wife and three children, government officials said Wednesday, April 14.
United States President Barack Obama on Saturday, February 14, praised Congress for passing his $787 billion economic stimulus bill saying “we’ve delivered real and tangible progress for the American people,” amid the worst recession since the Great Depression of the 1930s.
The United States faces a financial “time bomb” as its national debt is to jump by $2 trillion this year and United States President-elect Barack Obama and congressional Democrats consider a massive spending package, economists have warned.
United States President-elect Barack Obama was scheduled to meet with congressional leaders from both political parties Monday, January 5, to discuss a stimulus package aimed at ending America’s worst economic crisis in decades.
The European Union was to hold a special meeting Monday, January 5, to discuss a major energy crisis, after Russia accused Ukraine of stealing natural gas destined for Europe.
An association of Christian agencies and individuals advocating human rights of Christians in the Middle East and North Africa, remained concerned Wednesday, October 22, over the situation of several Christian prisoners, some of whom may be executed under recently adopted legislation.
Families of five jailed Christians have lost their homes northeast of Cairo after authorities persuaded them to turn over deeds to their property in exchange for what was supposed to be the release of relatives accused of murder.
The Rev. Tongkhojang Lunkim was released at 1 p.m. on Saturday (March 18) after being held captive for two months by the Kuki Liberation Army (KLA) in Manipur state, Northeast India.
During Friday prayers last week in Pakistan’s Punjab province, Muslim clerics flanked by government officials demanded the public execution of a Christian accused of blasphemy.
Protestant ministers in the United States generally believe that religious persecution is a major problem in today’s world, and they believe the U.S. should impose sanctions against countries where this is occurring. These findings have just been released from a research study conducted among Protestant clergy in America.
Dr. Benjamin Munthe, an Indonesian pastor who was involved in a September 17 brutal attempt on his life in which his driver Caleb was killed, has spoken about that fateful day.
19 July 2000 (Newsroom) — Rock stars, aid agencies, and Pope John Paul II are calling for world leaders attending this week’s G8 conference in Okinawa, Japan, to wipe out the debt of poor countries.