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Economic policy

Small airports gamble with revenue guarantees
Road-weary travelers forced to drive two hours to St. Louis or Kansas City to catch big-city flights were ecstatic when Delta Airlines announced plans ...
Labor heads say Obama backs them on 'fiscal cliff'
Labor leaders said Tuesday that President Barack Obama remains committed to preserving tax cuts for middle class families and ensuring the wealthy pay ...
Most in US won't be able to escape 'fiscal cliff'
Everyone who pays income tax — and some who don't —will feel it. So will doctors who accept Medicare, people who get unemployment aid, defense ...
UN once again votes to condemn Cuba embargo
The U.N. General Assembly on Tuesday voted overwhelmingly to condemn the U.S. commercial, economic and financial embargo against Cuba for the 21st ...
US stocks fall in uneven trading; Home Depot soars
U.S. stocks closed lower after uneven trading Tuesday as fears about the "fiscal cliff" and Greece tipped major indexes between gains and losses.
US government runs $120 billion October deficit
The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth ...
Bears, budgets, farmers top Congress to-do list
Bears and budgets top the list as Congress returned Tuesday from a seven-week election break to a long list of unfinished business. Looming large in ...
Iran postpones second round of subsidy cuts
An Iranian lawmaker says the country's parliament has postponed the implementation of a second round of subsidy cuts until 2013 over fears of stoking ...
Cyprus Central Bank urges bailout deal by December
Cyprus' Central Bank chief says "it's very important" to sign a bailout agreement with potential creditors by next month in order to calm jittery ...
US stocks nearly unchanged as fiscal threat looms
U.S. stocks closed nearly unchanged Monday, after a day of uneven trading plagued by investors' fears about the approaching "fiscal cliff." The Dow ...
Deficit talks will test the GOP focus on tax rates
Republican leaders say the government can raise tax "revenues" without raising tax "rates." But they have yet to detail how they would pursue it.
Congress faces agenda of unfinished business
Congress returns Tuesday to a crowded agenda of unfinished business overshadowed by the urgent need for President Barack Obama and lawmakers to avert ...
Stocks close little changed as fiscal cliff looms
Stocks are closing little changed on Wall Street as investors focus again on the looming "fiscal cliff" faced by the U.S. government. The Dow Jones ...
Deficit cutters look to Pentagon budget
One war is done, another is winding down and the calls to cut the deficit are deafening. The military, a beneficiary of robust budgets for more than ...
Merkel insists on austerity despite protests
German Chancellor Angela Merkel took her fiscal discipline message to bailed-out Portugal on Monday, tolerating Nazi jibes from a small group of ...
Oil slips as fiscal cliff looms over US economy
The price of oil slipped below $86 a barrel Monday as traders worried about the threat to the U.S. economy if President Barack Obama and lawmakers ...
Analysis: Obama faces bumps with Russia policy
President Barack Obama once assured Russian leaders that he'd have more flexibility to deal with missile defense during a second term in office.
Japan economy shrinks as China dispute takes toll
Japan's economy contracted in the latest quarter, signaling that like Europe it may already be in recession, further weighing down world growth.
Greece passes 2013 austerity budget
Greek lawmakers approved the country's 2013 austerity budget early Monday, an essential step in Greece's efforts to persuade its international ...
Romney never overcame bailout opposition in Ohio
Only a couple of weeks after Barack Obama won the presidency in 2008, the man who would become his Republican challenger in the next election penned ...
Obama's wins in the Midwest are hardly a harbinger
No matter how long the nation's unemployment rate hovered around 8 percent, the Northeast and the West Coast were never in doubt for Barack Obama.
Farm bill could hinge on budget talks
A farm bill that stalled in Congress before the election could see quick action by the end of the year if congressional leaders decide they need its ...
Obama: Some compromise _ but limits on tax cuts
President Barack Obama and House Speaker John Boehner are signaling they're open to some compromise on a taxes and spending to prevent more financial ...
Obama: Compromise_ but not on tax cuts for rich
An economic calamity looming, President Barack Obama on Friday signaled willingness to compromise with Republicans, declaring he was not "wedded to ...
Fearing 'cliff,' investors finish brutal week
Wall Street is peering over the "fiscal cliff" and feeling vertigo. The stock market finished one of the worst weeks of the year Friday, pushing ...