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President Bill Clinton on Tuesday said those running for office should make reaching a debt deal the top campaign issue in the fall’s elections.
"I think this budget issue should become front and center in this election, Clinton said on Tuesday at a fiscal summit sponsored by the Peter G. Peterson Foundation.

"As soon as this […]

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Chesapeake Energy’s CEO is about to lose a controversial perk that allowed him to take personal stakes in wells drilled by the company.
Chesapeake’s board said Thursday Aubrey McClendon agreed to negotiate an early termination of the program, which was overwhelmingly approved by shareholders in 2005 for a 10-year term.

The board is also reviewing […]

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The cost of living in the U.S. probably rose at a slower pace in March as increases in energy expenses subsided, economists said before a report this week.
Consumer prices advanced 0.3 percent after climbing 0.4 percent in February, according to the median of 58 estimates in a Bloomberg News survey ahead of the Labor […]

Indonesian President Susilo Bambang Yudhoyono faces one of the biggest public protests of his seven- year leadership as a government plan to raise fuel prices stirs public anger, threatening efforts to contain the budget gap and strengthen Southeast Asia

The Obama administration will release details tomorrow on its proposal to reduce the 35 percent corporate tax rate and eliminate tax breaks, said administration officials familiar with the plan.
The Treasury Department will outline the proposal, according to the officials, who briefed reporters on condition of anonymity. They didn

Spanish unemployment registrations jumped by the most in three years in January as the economy edged into its second recession since the end of 2009.
The number of people signing on for jobless benefits increased by 177,470 to 4.6 million, the Labor Ministry in Madrid said in an e-mailed statement today. That was the biggest […]

The International Monetary Fund will make a

Boeing plans to close its defense operations in Wichita, Ks., a move that will result in about 2,000 people losing their jobs, according to Bloomberg News.
Citing anonymous sources, Bloomberg said the announcement will be made to Wichita employees at a 10:30 a.m. meeting today
Boeing said in November it was studying the Wichita plant’s future, including […]

Despite continued worries about the economy, more Americans are expected to hit the highway this holiday season.
Travel group AAA said Wednesday it expects 91.9 million Americans — about 30% of the population — is expected to travel at least 50 miles from home during the 11-day year-end holiday season. That’s up 1.4% from a […]

Citigroup says it is cutting 4,500 jobs over the next few quarters.
CEO Vikram Pandit said the job cuts are part of the New York bank’s efforts to reduce costs. Pandit made the remarks Tuesday at a financial services conference hosted by Goldman Sachs & Co.
Citigroup Inc.’s fourth-quarter results will include $400 million in expenses related […]