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Defense Secretary Leon Panetta is defending his department's slimmed-down, $614 billion budget plan, telling senators that it's time to step up and show they are serious about reducing the deficit.
Ratings agency Moody's Investor Service on Monday downgraded its credit ratings on Italy, Portugal and Spain, while France, Britain and Austria kept their top ratings but had their outlooks dropped to "negative" from "stable."
Four pharmaceutical companies that make a crucial cancer drug for children that's suddenly in short supply are being urged to try to quickly step up production to prevent unnecessary deaths.
The recent history of domestic aviation includes both successes and failures. Some notable U.S.-based airlines that started flying since 2000:
STAYING IN PLACE: Deposits into U.S. stock mutual funds roughly equaled withdrawals in January, industry consultant Strategic Insight said on Monday. It snapped an eight-month streak of investors pulling their money out each month. The string ended as the stock market had its best January in 15 years.
The name PeoplExpress conjures up thoughts of cheap fares, packed planes and bare-bones service.
GOOD NEWS FROM GREECE: Another step toward another bailout fueled stock gains in the U.S., with all major indexes rising.
Stocks rose on Monday as investors cheered a vote in Greece that will help clear the way for another bailout. The Dow Jones industrial average rose to within 16 points of its close highest close since before the 2008 financial crisis.
The Federal Housing Administration could run out of money over the next year and require a $700 million cash infusion from the Treasury Department to stay afloat, according to the Obama administration's budget request sent Monday to Congress.
Ohio officials want to know whether the state's 101 rest stops could be leased to a private operator and how much a potential deal might be worth.
News Corp. is consolidating its global government affairs activities and relocating them to the U.S.
An amendment to Virginia's Constitution that would make it harder for governments to take private land has cleared the Virginia Senate.
The housing market recovery hasn't taken off yet, but a rally in its stocks sure has. The Standard & Poor's homebuilders index is up 60 percent since October.
ROARING RALLY: In anticipation of the spring home-selling season, the Standard & Poor's homebuilders index has surged 60 percent in four months.
Two former Bear Stearns executives reached settlements Monday with federal regulators over civil charges they mislead investors about risky mortgage securities when the housing market was collapsing.
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