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April surplus of $113B lowers US budget deficit
The U.S. government reported a rare surplus of $113 billion for April — the largest in five years and a sign of the nation's improving finances.
Stocks pull back from record levels on Wall Street
The stock market pulled back from record levels Thursday as investors became harder to please. Even a decline in the number of Americans applying for ...
IRS teams with Australia, UK, to expose tax cheats
The U.S. is teaming up with Australia and the U.K. in an effort to expose tax cheats from around the world. Tax agencies from the three countries have ...
IMF: Egypt's financial situation deteriorating
The International Monetary Fund said Thursday that Egypt's financial situation is deteriorating and the lending agency won't move ahead with a $4.
House passes bill to prioritize US debt payments
The GOP-controlled House voted Thursday to make sure U.S. bondholders and people on Social Security get paid if the government hits its borrowing ...
Slovenia announces anti-bailout measures
Slovenia's government announced Thursday an austerity plan designed to raise 540 million euros ($707 million) in new taxes as part of an effort to ...
Greece: Economic recovery in sight
Greece's recession-wracked economy should start recovering next year and its sky-high unemployment rate should edge lower from the end of 2014, the ...
SKorea's central bank cuts key rate to 2.5 percent
South Korea's central bank on Thursday cut its benchmark interest rate for the first time in seven months, joining government efforts to boost the ...
Study: Immigration bill would help Social Security
A bipartisan immigration bill pending in the Senate would strengthen the Social Security trust fund by adding millions of workers to tax rolls, and ...
House Dems, Obama hash out to-do list over dinner
The top Democratic leaders in the House hashed out their to-do list Wednesday at a suppertime powwow with President Barack Obama. At an upscale hotel ...
Obama pressed to do more on jobs, stagnant wages
The nation's slowly improving jobs picture hides problems like stagnant wages and fewer working hours that strike directly at President Barack Obama's ...
Italy court upholds Berlusconi tax fraud verdict
Former Premier Silvio Berlusconi's tax fraud conviction and four-year prison sentence were upheld on the first appeal Wednesday in a case that could ...
Germany's expected tax take slightly lower
Germany's tax revenues will be slightly lower than expected in the coming years because of a recent economic slowdown, but the government is sticking ...
Treasury Secretary's loopy signature improving
Treasury Secretary Jacob Lew may not have succeeded yet in getting a grand budget bargain with Congress, but at least his handwriting is improving.
Argentina offers tax amnesty for undeclared cash
Argentina's government announced new measures on Tuesday intended to suck up undeclared dollars in response to growing pressure to abruptly devalue ...
Internet sales tax bill faces tough sell in House
Traditional retailers and cash-strapped states face a tough sell in the House as they lobby Congress to limit tax-free shopping on the Internet.
Pessimism abounds at annual fiscal 'summit'
On this, some of Washington's highest-ranking budget players can agree: A "grand bargain" this year to close the nation's chronic budget deficits ...
Rapper Ja Rule leaves upstate NY federal prison
Federal authorities say platinum-selling rapper Ja Rule has left federal prison. The Federal Bureau of Prisons says he left a correctional facility ...
Portugal sells bonds for first time since bailout
Portugal sold 10-year bonds Tuesday for the first time since it needed a bailout in 2011, representing a milestone in efforts to restore investor ...
IMF's Lagarde criticizes US spending cuts
International Monetary Fund head Christine Lagarde criticized the U.S. government's budget policies as too tight on Tuesday, in an appearance in ...
French finance chief hails easing off austerity
French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a ...
Senate passes bill letting states tax online sales
The Senate sided with traditional retailers and financially strapped state and local governments Monday by passing a bill that would widely subject ...
Study sets off immigration bill squabble
A bipartisan Senate immigration bill would cost the government a net $6.3 trillion over the next 50 years to provide benefits for millions of people ...
Stadium decision hurts Miami's Super Bowl chances
As Dan Marino campaigned for Miami to be chosen the site of the 50th Super Bowl, he made no pretense about being objective on the subject. "In my ...
Spain, Italy team up to demand crisis relief
The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move ...