Despite assertions from Federal Reserve officials that the United States would not play a role in bailing out European banks, that is exactly what has happened — again.
Earlier in the month, Federal Reserve Chairman Ben Bernanke (left) told the U.S. Senate that the Fed had no intention of bailing out the European banks, indicating that he “doesn’t have the intention or the authority” to do so.
As the debate over the Iranian regime’s pursuit of nuclear technology heats up, commentators are pointing out that just a few years ago, then-President George W. Bush was supplying know-how through the International Atomic Energy Agency (IAEA) to Middle Eastern governments that have a cozy relationship with Iran.
U.S. forces will not be leaving Afghanistan when Afghan troops are scheduled to take responsibility for the country's security in 2014, American officials in Kabul have said.
It was a ceremony to mark the official end of the American military occupation of Iraq. But Defense Secretary Leon Panetta (left) sounded more like the United States was moving in to stay when he spoke Wednesday in what the New York Times described as a heavily fortified courtyard at Baghdad Airport with helicopters hovering above.