The U.S. trade deficit in June was the smallest in 1-1/2 years as lower oil prices curbed imports, according to government data on Thursday that suggested an upward revision to second-quarter growth.
A college dropout pleaded guilty on Tuesday to killing six people and wounding 13 others, including then-Representative Gabrielle Giffords, in a shooting rampage in Tucson, Arizona last year.
U.S. authorities said Tuesday they had halted for now a traffic-switching procedure at issue when three U.S. Airways flights came too close to one another over Washington's Reagan National Airport last week.
Two F-15 fighter jets intercepted two small planes that strayed into President Barack Obama's airspace during a campaign visit to Connecticut on Monday and the planes landed without incident, media reports said.
The New York Stock Exchange said on Monday it is in talks with U.S. securities regulators to settle allegations that the exchange violated rules intended to promote fair competition.
Air Traffic Controllers Blamed For Jan. 2011 Near-Collision Involving Boeing 777 And USAF C-17 Near NYC
Faulty instructions by air traffic controllers caused a near mid-air collision involving an American Airlines Boeing 777-200 and a U.S. Air Force C-17 cargo plane near New York City in January 2011, a federal report said.
A blast ripped through the capital of Russia's volatile Chechnya region on Monday, killing at least four interior ministry soldiers and injuring three people, a local government source said.
Globalization -- basically, free markets and the transfer of jobs to lower-cost labor/production centers -- has lifted more than 1 billion people out of poverty. However, globalization, at least initially, also contains a contradiction that, in time, could undermine not only the uniting of markets, but trade and global GDP growth itself.
Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.
At least one gunman opened fire during morning services on Sunday at a Sikh temple in Oak Creek, Wisconsin, and remained on the loose inside the temple, possibly holding hostages, according to witnesses.
Israel is upgrading its Arrow II ballistic missile shield in a U.S.-backed "race" against Iran, Syria and other regional enemies, a senior Israeli defense official said on Sunday.
Republican presidential candidate Mitt Romney said on Sunday that a fresh round of monetary stimulus from the Federal Reserve would not help the fragile U.S. economy.
Spanish Prime Minister Mariano Rajoy inched closer on Friday to asking for an EU bailout for his country, but said he needed first to know what conditions would be attached and what form the rescue would take.
Knight Capital Group Inc is being forced to raise money after an erroneous trading position wiped out $440 million of its capital, the firm said on Thursday, causing its shares to shed more than half of their value.
Unconventional times require unconventional measures, and with the U.S. economy growing at a truly tepid rate, perhaps it's time to try an innovative fiscal stimulus proposal recommended by an economist about three years ago.
The U.S. Federal Reserve Wednesday lowered its view of the U.S. economy, but kept interest rate policy and its non-traditional quantitative easing policy the same. The Fed said it now sees "economic activity decelerated somewhat over the first half of the year," compared to a previous view of the "economy has been expanding moderately."
Disclosure of another lavish party thrown by the U.S. government's buildings and procurement agency prompted fresh attacks on Thursday from Republican lawmakers on wasteful Washington spending under President Barack Obama.
Democrats and Republicans in Congress reached a deal on Tuesday to fund federal government activities through next March and eliminate any threat of agency shutdowns that could upset voters ahead of the November 6 presidential and congressional elections.
The U.S. Postal Service affirmed Tuesday that it will not make a required $5.5 billion payment due Wednesday to the U.S. Treasury for future retirees' health care costs, according to a published report.
U.s. single-family home prices rose for the fourth month in a row in May when adjusting for seasonal swings, suggesting the recovery in the housing market continued to gain traction.
The Spanish crisis, last week’s German vote, talk of a possible withholding of funds for Greece, and now the downgrading of the credit outlook for Europe’s strongest economies, point to a worsening of the financial crisis, a reduction in support for the euro, and a global economy increasing at risk.
The number of Americans filing new claims for jobless benefits fell last week to near a four-year low, a hopeful sign for a labor market that has shown signs of weakness.
Presumptive Republican Party presidential nominee Mitt Romney has not released several U.S. income tax reports, but if history is any indicator, from an electoral standpoint, this is exactly the opposite of what he should do.
Network equipment maker Cisco Systems said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company.
Texas Instruments Inc quarterly profit and revenue fell from a year ago, saying its customers are increasingly cautious in placing new orders because of global economic uncertainties.
The National Collegiate Athletic Association on Monday banned Penn State University from post-season bowl games for four years, fined the university $60 million and imposed other sanctions in an unprecedented punishment for its inaction when officials were alerted to child sex abuse by former assistant coach Jerry Sandusky.
Investors can monitor five stats to obtain a reading on the U.S. economy’s strength. Currently, these stats show a slowdown in U.S. GDP growth, which is why Congress should do more to create jobs and help increase the economy’s growth rate.
German Chancellor Angela Merkel easily won a parliamentary vote on a euro zone rescue package for Spanish banks on Thursday despite growing unease in her centre-right coalition about the rising cost of Europe's debt crisis for German taxpayers.
A U.S. Navy helicopter crashed in Oman on Thursday and the fate of its five crew members was unknown, the U.S. military said, even as it ruled out hostile activity.
The United States has the military capacity to defeat any Iranian attempt to shut down sea commerce in the oil-rich Gulf region and will hold Tehran directly responsible for shipping disruptions, Defense Secretary Leon Panetta said on Wednesday.