Policymakers from both parties are starting to come up with the same solution to reduce the deficit: End tax breaks.
The threat came in response to new US sanctions on Venezuela's state oil company, which currently provides about 10 percent of American oil imports.
Indian Prime Minister Manmohan Singh told the leaders from 15 African countries this week that India would offer $5 billion for the next three years. How does this compare with Chinese investment in Africa?
The answer will give you an idea of how many cars are on the road there.
The once debt-encumbered country’s four-year fishing agreement with the European Union expires next month. The world’s wealthiest monetary zone currently pays just 7 million euros or $10 million a year.
The iPhone 5 was originally thought to be shaped like the iPhone 4. But the screen on the newest Apple device could be curved.
It's undeniable the middle class is growing in China, Brazil and India. But in the US, the term "middle class," is notoriously vague. Almost everyone, it seems, identifies themselves as middle class, regardless of wealth, income, profession, or education. That's why most politicians will describe policies they oppose as "punishing the middle class" and policies that they support as "helping the middle class." One popular definition, provided by The Drum Major Institute for Public Policy, identifies American families as middle class if they have incomes between $25,000 and $100,000 each year. That's a wide spread, but a perhaps a useful one: If you see someone who makes $75,000 a year more than you as belonging to your class, you're much less likely to revolt against them. But is it true? Grab a pencil and piece of paper – or a Mont Blanc pen and some embossed gold floral deckle edge stationery – and take our quiz to find out where you stand in America's socioeconomic pecking order.
Alassane Ouattara was sworn in as the country's president and cocoa exports critical to the nation's economy have resumed. But the damage from the recent power struggle that claimed 3,000 lives still lingers.
Agustin Carstens, the Mexican central bank governor, says that developing countries need a larger say in the policies of the International Monetary Fund.
Many tax breaks are government spending by another name. But tax breaks don't get the scrutiny that direct spending does.
McDonald's chicken will be more French and more 'neutral.' Topping the McDonald's chicken sandwich: mirepoix.
South Sudan is one of the toughest places in East Africa to do business, according to a recent report – but if you can hack it, you have a chance to make a healthy profit.
IMF doesn't just need a new leader, it needs a new mission focused on growth.