Government & Economy

The pace of job creation surged in January, with the U.S. economy generating 243,000 new positions, while the unemployment rate dropped to 8.3 percent.

The Obama administration said it is returning donations made by the family of two American brothers of a Mexican casino magnate who fled drug and fraud charges in the U.S.

China's economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, the International Monetary Fund said.