Gregory White and Kamelia Angelova | The Business Insider

President Obama's administration has been blamed for reckless spending that has put America into its debt hole. But in reality, much of that spending emanates from policies of President Bush, according to the Center on Budget and Policy Priorities.

President Barack Obama has issued a statement to mark the passing of Sen. Robert Byrd (D-WV), the longest serving senator in U.S. history.

A new USA Today/Gallup poll finds that a majority of Americans support the President's decision to relieve Gen. Stanley McChrystal of his duty in Afghanistan.

Add another politician to the list of those coming under scrutiny for potentially misrepresenting their military service on the campaign trail this year. Now Republican candidate for governor in Alabama Robert Bentley is facing questions about an ad that references his work as a medical officer during the Vietnam War.

Joe Weisenthal | The Business Insider

Early this morning The House and the Senate agreed on a financial reform compromise that will certainly be sent to The President to pass.

The name of it is the Dodd-Frank act.

The details are still emerging, but here's some of what you need to know:

Back in 2006, Rand Paul wrote an op-ed in a Kentucky newspaper in which he imagined what he'd do if he were the state's then-governor, Ernie Fletcher, who was facing accusations that he'd violated state hiring laws.

Sen. John McCain (R-AZ) said today that the staffing shakeup in Afghanistan should extend beyond Gen. Stanley McChrystal -- and perhaps to the embassy there as well.

There is a place where the Gulf oil disaster has a silver lining. Where brave BP employees forgo sleep and comfort in the name of the greater good. Where "aw shucks" fishermen don't hold grudges and say the spill isn't BP's fault. Where the environmental catastrophe serves to bring out the best in us and reminds us of the fragile beauty of the human condition. That place is BP's company blog.

In his first public comments about the firestorm caused by Rolling Stone's profile of Gen. Stanley McChrystal, President Obama said today that the general and his team had shown "poor judgment" in the article, but that he wouldn't make any decision about McChrystal until the they have had a chance to meet.

Almost exactly one year after he "hiked the Appalachian Trail" with his Argentine lover, South Carolina Gov. Mark Sanford was out of the office on Monday -- and his lieutenant governor says he didn't know where his boss was. Sound familiar?