Word of the year: Austerity, the 14th century noun defined as "the quality or state of being austere" and "enforced or extreme economy," set off enough searches that Merriam-Webster named it as its Word of the Year for 2010, the dictionary's editors announced Monday.
Stock prices: World markets cautious as South Korea begins military drill.
Asylum seekers: Navy and customs officers plucked 42 survivors — including nine children — from the raging surf off Christmas Island in the Indian Ocean soon after their boat broke apart and sank Wednesday.
A young monk holds a traditional parasol as he waits for the arrival of Tibet's exiled Buddhist spiritual leader, the Dalai Lama, in Pemayangtse monastery in Pelling in India's Himalayan state of Sikkim. The Dalai Lama is in Sikkim, which borders China, as Chinese Premier Wen Jiabao begins his three-day visit to New Delhi.
The current policy of quantitative easing has had the opposite effect from what was intended, but the Fed is staying the course.
Bond market unsettled by worries over Spain and Portugal, but Germany rejects broader rescue efforts.
Interest rates move up to 3.7 percent, up from 2.7 percent a month ago.
Tackling the $13.8 trillion federal debt isn't a partisan issue. It's a matter of America's future prosperity. Extending Bush-era tax cuts may make economic sense now, but President Obama and Congress must come together and make tough decisions to cut spending and raise revenue.
Flamboyant Italian Prime Minister Silvio Berlusconi is desperately marshaling support ahead of two parliamentary votes that could see him ousted from office Tuesday.
Spain has slashed government spending amid a stagnant economy and 20 percent unemployment. But investors aren't yet fully convinced that Europe's fifth largest economy is out of the woods.