In an attempt to counter Democratic attacks on his plan to overhaul Medicare, House Budget Chairman Paul Ryan has featured in a new TV ad which essentially explains the core components of the revamp plan.

In a commendable initiative, the Coalition government of UK has launched a unique website which would enable public to question the unnecessary rules and regulations that hamper the overall productivity by putting an extra burden on the businesses and society.

There have been reports that the US president has strongly told the Egyptian President on Friday to undertake sweeping reforms. The U.S officials claimed that $1.5 billion aid would not be provided if the government does not start the process quickly.

Obama is reported to press the Egyptian president to be good on his pledges of greater democracy and economic freedom.

In his speech to corporate executives, the Business Secretary deliberately condemned the Tories for following a naive economic policy, in order to get rid of the impact of recession.

At last, the US Congress has finalized the financial regulation bill for economic reform in US after a long debate. According to the US President Barack Obama, this new reform bill would help the economy of the country grow.

The Senate, after a prolonged backbiting for almost week, passed legislation to spare doctors a 21% cut in Medicare payments which was threatening for months. But the final effort came very late. As soon as the announcement had been made by the Senate, Medicare announced that they would start processing claims at a lower rate, for the month of June.

Beijing's newest punch at members of the U.S. Congress is claiming legislation undertaking, what they believe is China's strategy of keeping its Yuan currency synthetically low against the dollar.

Former President of America was in news on Friday as the go-between in a White House effort last year to get Representative Joe Sestak of Pennsylvania to drop his Democratic primary challenge to Sen. Arlen Specter. And he was live, on stage, in Arkansas in a full-throated defense of embattled Sen. Blanche Lincoln.

Immigration laws in Arizona have sparked debate among human right activists and civil liberty advocates. They feel that the law is too severe and disregards the rights of people and does not care about their freedom. But supports of this law argue that it will help stop illegal immigration and help the native people of US. 

Tory leader, David Cameron is just a few miles to cling the post of Britain’s next Prime Minster if pre-election polls are to be gone by.

This time next week, it is highly probable that we shall witness a new prime minister, and a new government.