European Central Bank Cuts Main Interest Rate

The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation. The ECB ...

U.S. Labor Costs Rose Less Than Expected…Maybe

U.S. labor costs rose less than expected in the first quarter and pointed to benign wage inflation, a potential sign the Federal Reserve has space to continue its monetary stimulus program. The ...

U.S. May Not Hit Debt Limit Until October

The United States might not hit the statutory limit on its debt until October, a policy research group said on Friday, giving Republican lawmakers more time to extract spending cuts from the Obama ...

Spending Cuts May Deep-Six Crucial Flood Gauges

More than 100 crucial gauges that warn of imminent flooding or lack of needed water will be shut down starting next month as part of the federal government's automatic budget cuts. Some are in the ...

Fla. AG Says BP Should Pay $5 B For Spill Damage

Florida Attorney General Pam Bondi has disclosed that she's seeking more than $5.4 billion in damages from BP over the 2010 Deepwater Horizon oil spill. Bondi told reporters on Tuesday that she ...