Apple CEO Tim Cook speaks during an introduction of the iPhone 5 in San Francisco on Sept. 12. The Senate Permanent Subcommittee on Investigations says Apple is paying billions of dollars less than it should in taxes each year, taking advantage of technicalities in U.S. and Irish tax laws.
Copies of President Obama's budget plan for fiscal 2014 are prepared for delivery at the U.S. Government Printing Office in Washington in April. The Congressional Budget Office has sharply cut the outlook for the federal deficit.
J. Scott Applewhite/AP