Gov. Mitt Romney's tax plan is President George W. Bush's tax plan on steroids: it cuts taxes on upper-income adults and the uber-rich, and vectors the U.S. budget deficit to even higher levels.
The number of Americans filing new claims for jobless benefits fell last week to its lowest level in a month, an upbeat signal for a labor market that has struggled to create enough jobs.
China warned the United States not to get involved in South China Sea territorial disputes on Tuesday as U.S. Secretary of State Hillary Clinton arrived in Beijing pledging to pass on a strong message on the need to calm regional tension.
The former archbishop of Milan and papal candidate Cardinal Carlo Maria Martini said the Catholic Church was "200 years out of date" in his final interview before his death, published on Saturday.
The worst drought to hit U.S. cropland in more than half a century could soon leave Americans reaching deeper into their pockets to fund a luxury that people in few other countries enjoy: affordable meat.
He's practically the devil incarnate to the Republican Party, but no president since President Franklin D. Roosevelt has had to address as many serious economic, financial and foreign policy problems as President Barack Obama. Further, Obama's relative success addressing these problems, and the Republican Party's callousness, will lead to Obama's re-election in November.
American Airlines parent AMR Corp (AAMRQ.PK) and US Airways Group Inc (LCC.N) have signed a non-disclosure agreement as they evaluate a potential merger that would create an airline that rivals leader United Continental Holdings Inc (UAL.N) in scope.
After initially criticizing Nasdaq OMX Group for its response to Facebook's botched initial public offering, trading firm Knight Capital Group Inc said it accepted the exchange's latest plan to pay back brokers a portion of their losses.
U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter.
Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis.
Turkey urged the United Nations on Wednesday to protect displaced Syrians inside their country but President Bashar al-Assad, battling rebels determined to overthrow him, dismissed talk of a buffer zone on Syrian territory.
The Federal Reserve has room to deliver additional monetary stimulus to boost the U.S. economy, Fed Chairman Ben Bernanke told a Congressional oversight panel in a letter.
Spain is negotiating with euro zone partners over conditions for aid to bring down its borrowing costs, though the country has not made a final decision to request a bailout, three sources with knowledge of the matter said on Thursday.
Seventy-six people were rescued on Sunday from a sightseeing vessel that ran aground in Alaska's Glacier Bay and began filling with water, the U.S. Coast Guard said.
General Motors Co (NYSE: GM) will recall 249,260 mid-size sport utility vehicles to correct a potential fire hazard, a U.S. government safety agency said.
Though he denies it today, presumptive Republican Party vice presidential nominee Paul Ryan?s primary economic and fiscal influence was Ayn Rand, an extremely conservative thinker whose flawed economic and social theories were only outdone in perniciousness by her utter disregard for society and the common good.
German Chancellor Angela Merkel is consider easing debt-laden Greece's bailout terms, triggering tensions with members of her coalition, who oppose giving the Greek government any more concessions, two German lawmakers said, according to a published report Friday.
The United States and its allies are discussing a worst-case scenario that could require tens of thousands of ground troops to go into Syria to secure chemical and biological weapons sites following the fall of President Bashar al-Assad's government, according to U.S. and diplomatic officials.
Republican U.S. presidential candidate Mitt Romney said on Thursday he did not pay less than a 13 percent tax rate at any point over the last 10 years.
Two sheriff's deputies were shot dead and two others wounded early on Thursday in LaPlace, Louisiana, a spokeswoman for the state police said.
War with Iran would probably turn into a month-long conflict on various fronts with missile strikes on Israeli cities and some 500 dead, Israel's civil defense minister said in an interview published on Wednesday.
U.S. industrial output expanded last month at the fastest pace since April and manufacturing notched another solid advance, hinting at underlying resilience in an economy that has struggled to establish momentum.
Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010, giving the Federal Reserve room for further monetary easing to tackle stubbornly high unemployment.
Helen Gurley Brown, the legendary editor of Cosmopolitan magazine who helped usher in the sexual revolution, died on Monday at the age of 90.
Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to tackle soaring grain prices caused by the worst U.S. drought in half a century and poor crops from the Black Sea bread basket.
Republican Party 2012 vice presidential nominee-designate U.S. Rep. Paul Ryan, R-Wis., said he will release two years of his U.S./state income tax returns, according to an interview on CBS's "60 Minutes," Reuters reported.
Republican Party presidential nominee Mitt Romney’s selection of U.S. Rep. Paul Ryan, R-Wis., as his running mate is an attempt to re-structure the 2012 campaign’s debate so that it conforms to the Tea Party’s agenda - but it's one that will not change the election’s outcome.
The monthly U.S. budget deficit shrank to $69.6 billion in July from $129.4 billion in the same month a year ago, reflecting a rise in government receipts and a drop in spending.
Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday.
U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.