President Barack Obama's budget plan will serve both as an outline of his vision for the economy and government in his 2012 re-election campaign and as a blueprint of the White House strategy for another looming clash.

The country’s economy shrunk for the third time in four quarters between October and December, as a strong yen and subdued overseas demand hurt exports

Searching for growth in a tepid economy, private-equity firms are zeroing in on the U.S. oil patch.

The top Republican on the Senate Judiciary Committee asked Attorney General Eric Holder to examine the Justice Department's efforts to enforce a law limiting executive pay in certain bankruptcy cases.

A move to unite with the rival Fatah party in a Palestinian government opened up a split in Hamas.

Xi Jinping, the man set to arrive in Washington on Monday as China's presumptive next leader, began his ascent to power, and honed his political outlook, as a teenager living in a spartan cave dwelling in the dusty hills of Shaanxi province.

Whitney Houston, who reigned as pop music's queen until her majestic voice and regal image were ravaged by drug use, erratic behavior and a tumultuous marriage to singer Bobby Brown, has died. She was 48.