The Democratic National Committee has no plans to repay Duke Energy for an unprecedented $10 million line of credit it guaranteed to help the Democratic convention's local host committee put on President Obama's three-day nominating convention in Charlotte, N.C., last September.
Five months after President Obama's made-for-media convention in Charlotte, N.C., the host committee for the three-day Democratic bash still has not paid off an unprecedented $10 million loan secured by Duke Energy, and there is no way of knowing whether it will ever be paid back.
U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the new year cut demand for factory orders and manufacturing jobs.
For this summer's Democratic National Convention, Charlotte will add thousands of police from outside departments and spend millions on training, equipment and temporary barriers. But their biggest aid in crowd control will be one they didn't have to purchase, build or teach: The layout of the city itself.
Greece won't meet 2011-12 deficit targets imposed by international lenders as part of the country's bailout, the Finance Ministry said Sunday.
As 9.1 percent unemployment plagues America this Labor Day, major unions are clashing with a Democratic administration with which they normally would march in lockstep. Echoing the U.S. Chamber of Commerce, at least seven unions are begging Team Obama to abandon regulations, statements and procedures that prevent jobs from being created or saved.
The first mass-market electric cars go on sale next month, and the nation's electric utilities couldn't be more thrilled _ or worried.
Sen. Jeff Bingaman, New Mexico Democrat, and Sen. Sam Brownback, Kansas Republican (and the party's gubernatorial nominee) must be gluttons for punishment.