France Enacts New Budget Plan To Address Deficit: Soak the Rich. Obama spending binge never happened - Rex Nutting. By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) — Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.
As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.” Greek Debt Crisis. North Korea. North Korea agrees to halt nuclear activities for food. NEW: The White House says North Korea must now carry out the moratoriumThe deal was reached after talks in BeijingIt was the first meeting since the death of Kim Jong IlSecretary Clinton noted glimmers of progress on North Korea after the meeting Washington (CNN) -- North Korea has agreed to halt nuclear tests, long-range missile launches and enrichment activities at its Yongbyon nuclear complex in exchange for food aid from the United States, the State Department said Wednesday. The state-run North Korean news agency, KCNA, announced the agreement separately.
"Today's announcement represents a modest first step in the right direction. We, of course, will be watching closely and judging North Korea's new leaders by their actions," U.S. Secretary of State Hillary Clinton said Wednesday before the House Appropriations Committee.