Washington'€™s decision to provide financial aid to the coup-appointed government of Ukraine goes against the US laws, Russia'€™s Foreign Ministry said, urging American politicians to think about the consequences of supporting the radicals in Kiev. Ukraine’s ousted president, Viktor Yanukovich, said on Tuesday that the US plans to loan $1 billion to the country’s new authorities are illega [...]

A record number of Americans renounced their citizenship or green cards in 2013, according to new data that may draw a complicated picture for US tax assessors who impose financial obligations on citizens living outside the country. [...]

China has outpaced India in terms of gold consumption in 2013, with people there increasingly investing in the precious metal, according to the Thomson Reuters GFMS Gold Survey. The influential report says Chinese demand increased by 32 percent within a year, reaching 1,189.8 tons in 2013, which marks a fivefold increase since 2003, says the Financial Times. [...]

No doubt 2013 will go down as Barack Obama'€™s annus horribilis. The President of the United States (POTUS) currently faces a 55 percent disapproval rating on "€œthe way he is handling his job,"€ according to the latest Washington Post-ABC poll. [...]

Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System - the Central Bank of the United States of America. The mainstream media are keeping remarkably quiet about this key milestone. [...]

Germany's Bundesbank plans to store half the national gold reserves in its own vaults by 2020. It will mean the return of 700 tons of the precious metal from the US and France [...]

Energy companies are giving people a very unhealthy choice: Whether to have cheap gas, which is unlikely to happen, or fresh water, former oil executive Ian Crane, now a campaigner against fracking, tells RT. [...]

Recent survey shows inequality in the US is at its new peak. The richest 1 percent of the population received almost a fifth of the national households’ income in 2012, thus breaking the previous record set in 1928. [...]

Bitcoin is an indiscriminate and pure technology, with which you can be anywhere and be anybody and still be able to spend - that'€™s why it'€™s very popular in the developing world, economist Jeffrey Tucker told RT. "Bitcoiniacs" has set up the first ever bitcoin ATM. Is this pushing legal boundaries? How will the authorities view this? [...]

China'€™s leadership will soon usher in bold reforms to support a domestic consumption-driven economic model, and globalizing the renminbi as an alternative store of wealth to the US dollar is at the center of the strategy. The scathing commentary published by China’s state-owned Xinhua news agency calling for a "de-Americanized world" was undoubtedly music to the ears of many in the developin [...]

The US government spending crisis has caused visible pain for research and innovation in America. Already this year, billions of dollars in federal cuts due to sequestration has affected federal grants for scientific research. But this problem is only the tip of a much bigger problem facing the redundant superpower. [...]

Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend [...]

As the US government went back to work for its first fully operational day in over two weeks, President Barack Obama addressed the nation Thursday morning from the White House, chastising Republican lawmakers who led the country so close to default. Hours after authorizing a deal that allowed the US government to open back up for business, [...]

A US debt default could hit on Thursday, and world leaders are second guessing the dominant role America plays in finance. Regardless of the final decision in Washington, confidence and credibility in the US has already eroded. In an editorial published by the Chinese state-owned press agency Xinhua, a columnist says the US economy has ‘failed’ and put many countries who hold state assets in d [...]

The top Republican in the House of Representatives warned President Barack Obama over the weekend that he’s ready to let the United States default — and that the White House is to blame. House Speaker John Boehner (R-Ohio) told ABC’s “This Week” on Sunday that Republicans in his chamber would not immediately honor the White House’s request to raise the US debt ceiling, setting the stag [...]

Washington seems certain that exerting sanctions on countries is the safest way to achieve their foreign policy goals. In reality economic and political sanctions do little to control the governments they target, hitting ordinary citizens hard instead. “The aim of sanctions is to harm the state. But the real victims are ordinary, regular people. Experience has shown that there’s a huge wedge b [...]