October 11, 2012 Unless Congress acts, the Defense Department faces some $55 billion in cuts after the first of the year. Salaries for uniformed personnel are the one major thing that's protected. Otherwise, it's about a 10 percent cut to everything from Pentagon civilian staff to the acquisition of new aircraft.
October 10, 2012 For the first time, the Red Cross in Spain is looking to raise money so that it can get food to those who are suffering most because of the country's financial crisis. For decades, the organization has focused on helping starving people elsewhere.
October 10, 2012 The former General Electric CEO joined others in raising questions about Friday's report and whether it might have been skewed to boost the president's campaign. Obama administration officials have rejected such talk. But Welch is still asking questions.
October 9, 2012 International Monetary Fund economists also warn that things could get even worse if European leaders don't finally get the euro crisis under control and if U.S. lawmakers let the federal government go over its "fiscal cliff."
October 8, 2012 His plan calls for more spending on infrastructure, a tax cut for firms that hire new workers, aid to state and local governments, and a program to rebuild schools. An analyst who has studied it says the infrastructure part makes sense, but the rest is less potent.
October 7, 2012 Gov. Mitt Romney started his campaign calling for big tax breaks for the middle class. Over time his goals for those breaks have expanded to maintaining the government's flow of income and creating jobs. In the end, will a middle-class tax cut still be possible?