2013 deficit estimate lowered to $642 billion
The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, a development that could further ...

Stock market rises back into record territory
The stock market marched back into record territory Tuesday as investors seized on the latest encouraging news about the economy. This time, it was ...
DOD poised to trim furlough days, add exemptions
After weeks of debate and number-crunching, the Defense Department announced plans Tuesday to furlough about 680,000 of its civilian employees for 11 ...

Israeli leader under fire for costly lifestyle
For years, Israeli Prime Minister Benjamin Netanyahu has been saddled with an image of a cigar-smoking, cognac-drinking socialite. Now a new ...

IRS chief: Agency lacked sensitivity in screenings
The IRS acting chief acknowledged Tuesday that the agency demonstrated "a lack of sensitivity" in its screenings of political groups seeking ...

Fitch upgrades Greece's credit rating
Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country's European ...
Atty Gen orders probe into IRS targeting groups
Attorney General Eric Holder says he's ordered a Justice Department investigation into the Internal Revenue Service's targeting of conservative groups ...

EU to shift bill for bank failures to creditors
European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large ...

Budget cuts pare real-time monitoring of volcanoes
Scientists monitoring Alaska's volcanoes have been forced to shut down stations that provide real-time tracking of eruptions and forgo repairs of ...

Top IRS official didn't reveal tea party targeting
The IRS acting chief acknowledged Tuesday that the agency demonstrated "a lack of sensitivity" in its screenings of political groups seeking ...
Croatia Airlines goes on strike over pay cuts
Croatia Airlines pilots and flight attendants went on strike Tuesday over planned salary cuts and layoffs that are part of efforts to restructure the ...

Vikings see the light with design of new stadium
Opening the roof over the new home of the Minnesota Vikings would have forced planners of the $975 million project to eliminate some of the fancy ...

Detroit is broke; could bankruptcy lie ahead?
The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown ...

Poll shows favorable views of EU in sharp decline
Positive views of the European Union by its citizens are near all-time lows. And no EU country is plunging faster into the abyss of gloom than France.

Euro ministers urge troubled Slovenia to act
European finance ministers on Monday urged Slovenia to move swiftly in addressing the problems in its banking sector and get its public finances under ...
Greece uses emergency power on striking teachers
The Greek government said Monday it will use emergency powers to prevent protesting teachers from disrupting university entrance exams this month.
France mulls culture tax on smartphones
The French government is considering creating a new tax on smartphones and tablets in a bid to raise millions to support the creation of digital ...
Liechtenstein ready to relax banking secrecy
Liechtenstein's prime minister says the principality is prepared to discuss an automatic exchange of bank client information with the European Union.

Senator: IRS targeting of tea party is 'chilling'
Republicans said Sunday that the Internal Revenue Service's heightened scrutiny of conservative political groups was "chilling" and further eroded ...

G7 says Japan playing by currency rules
Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a ...
Thousands in Israel protest proposed budget
Israeli police say protesters are marching in Tel Aviv over proposed tax hikes and benefit cuts. Spokesman Micky Rosenfeld said about two thousand ...

Control towers at 149 small airports to stay open
The Federal Aviation Administration is keeping open for now the 149 control towers at small airports that were slated to close as the result of ...

Dollar rises above 100 yen for 1st time in 4 years
The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan's ...