A quarterly report issued last month by the Federal Reserve Bank of New York said that, although our total debt dropped by $74 billion in the third quarter, our credit card debt actually rose by $2 billion in the same …

Bank of America Merrill Lynch maintained second place, while Goldman Sachs Investment Banking swapped with Morgan Stanley to become third and fourth respectively.

The bank, founded in 1741, pleaded guilty to helping clients hide more than $1.2 billion over a period of ten years in secret accounts.

It was the first time that a North Korean leader has delivered such a New Year message since 1994, and confirms the shift to a more direct and informal style that has characterised Mr Kim’s public appearances since he succeeded …

Joe Biden, the Vice President, appeared on Capitol Hill late on New Year’s Eve after negotiating with the Republicans on a short-term fix to stave off swingeing tax rises and spending cuts, known as the fiscal cliff.

Kanye covers a wide variety of topics in his latest speech, including his fashion shows in France and his 12.12.12 outfit and performance.

President Obama tearfully led the nation in mourning last night.