PHOENIX— A Maricopa County sales tax increase adopted a decade ago has raised more than $3.1 billion for dozens of freeway, street and transit projects, but that's still $1 billion less than initially projected. The Arizona Republic reported Thursday that the revenue gap is expected to widen to about $3.2 billion over the next decade, until the Proposition 400...» Read More
Just two weeks before his second inauguration, President Obama is acting as if he believes he has a big mandate for his next term. The latest sign: his decision to defy a concerted campaign against his choice for defense secretary.
Things are getting serious at the Magic Kingdom: Disney started an internal cost-cutting review and is mulling layoffs.
Warning to investors: major U.S. technology companies could miss estimates for fourth-quarter earnings as "fiscal cliff" worries likely led some corporate clients to tighten their belts last month.
The economies of the United States, China and much of the developing world have decoupled from Europe, leaving it to wallow in various stages of recession and fiscal disarray.
Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
A Shell oil drilling rig grounded off an Alaska island since a New Years Eve storm has suffered damage from waves and flooding but has spilled none of the 155,000 gallons of fuel and other oil products aboard, officials managing the incident said on Thursday.
After bruising fights in GOP ranks over the "fiscal cliff" and aid for victims of super storm Sandy, Congress started a new session Thursday with Republicans more divided than ever.
U.S. House Speaker John Boehner made a U-turn on Wednesday to clear the way for approval of $60 billion in Superstorm Sandy relief by mid-January after drawing withering fire from fellow Republicans, including New Jersey Governor Chris Christie, for canceling an earlier vote.
U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's debt.
The U.S. must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on Wednesday.
The U.S. House of Representatives approved a Senate bill on Tuesday night to avert $600 billion in automatic tax increases and spending cuts known as the "fiscal cliff." Here are the details.
The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
The slowdown in euro zone factory activity deepened in December as new orders tumbled, a business survey showed on Wednesday, suggesting the economy may have slipped further into recession in the last quarter of 2012.
An oil drilling rig owned by Royal Dutch Shell ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.
Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks increasingly unlikely.
An annoyed President Obama said it was "mind boggling" that Congress has been unable to fix the "fiscal cliff." Then dispatched Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, on a mind-boggling mission: coming up with a bipartisan bill to break the stalemate - in about 48 hours.
Within a day of Shinzo Abe's Liberal Democratic Party sweeping to power in elections this month, elite bureaucrats in Japan's central bank rushed to ready what amounted to a surrender offer.
Shoppers in euro zone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the last minute, or simply not buying at all as post-Christmas sales get underway.
Thursday won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.
Philippines has ambitions to join Macau and Singapore among the ranks of Asia's top gaming destinations. Buoyed by stellar economic growth, the casino rush is starting.