- House Democrats trying to force unemployment insurance vote
- Sen. Claire McCaskill to tackle sex assault at college next
- Judge’s order preserves NSA surveillance records
- Refurbished Pollock masterpiece goes on display
- Iditarod becomes mad dash for Nome
- ‘Burger King baby’ now seeks birth mom on Facebook
- Study: 2 percent of Americans have new hips, knees
- Friend: Pistorius shot gun out car without warning
- States wrestle with developing, restricting drones
- Japan marks 3rd anniversary of tsunami disasters
Lok Sang Ho
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The U.S. economy has fared better than expected this year after widespread fears that $85 billion of automatic spending cuts and sharp increases in taxes imposed at the beginning of the year would snuff out growth.
Standard & Poor's Corp. on Monday withdrew its threat to downgrade the U.S. government for a second time, citing an improving economy and declining budget deficits. But it said the U.S. still falls short of getting a AAA rating because the two bickering political parties refuse to bridge their differences and address long-term debt problems.