Posted: 12:31 PM The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury.

Posted: 10:52 AM Chrysler rode big sales increases in the U.S. to a $436 million profit in the second quarter.

Posted: 12:19 PM The latest budget figures from the White House predict this year's federal budget deficit will end up at $1.2 trillion.

Updated: 8:05 AM Facebook's stock has hit a new low after it reported second-quarter results that disappointed investors.

Posted: 7:54 AM Stocks are opening higher on Wall Street as investors hope for action from the European Central Bank to keep the euro together.

Posted: 7:22 AM Here's a small consolation: The Great Recession wasn't quite as horrendous as previously thought.

Posted: 9:59 AM The Senate passed a plan to let tax cuts expire for the wealthiest Americans is unacceptable.

Posted: 9:51 AM The average rate on the 30-year fixed mortgage fell again, this time dropping below 3.50 percent for the first time on records dating back 60 years.

Posted: 9:18 AM J.C. Penney is revamping its pricing strategy -- again.

Posted: 7:51 AM U.S. stocks are soaring at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union.

Posted: 5:20 AM Gas prices have dropped 50 cents since April.

Posted: 11:38 AM The federal government is projecting the record drought gripping half the U.S. will help push food prices up by 3 percent to 4 percent next year.

Updated: 5:18 PM The nation's governors are asking Congress to help states recover an estimated $20 billion in sales taxes that go uncollected by out-of-state online merchants every year.

Posted: 1:05 PM Congress' budget scorekeepers are taking a new look at President Barack Obama's health care law -- and they still say it is expected to reduce federal deficits.

Posted: 10:04 AM Stocks are sliding following weak earnings from United Parcel Service and other major U.S. companies. The market was headed for its third loss in a row.

Posted: 11:48 AM News Corp. is naming its grade school education business Amplify.

Posted: 11:47 AM Treasury yields are sinking as worries about Spain's economy send traders into the safety of U.S. government debt.

Updated: 6:25 PM The Nasdaq stock exchange is chipping in more money to reimburse investment firms that lost money when online social network Facebook went public in May because computer glitches delayed their trading orders.

Posted: 2:54 PM Strong earnings from IBM and other technology companies are helping the stock market close higher for the third day straight.

Posted: 6:51 AM A measure of the number of Americans seeking unemployment benefits surged last week, although the figures may have been distorted by seasonal factors.

Updated: 9:59 AM The head of a major defense contractor is warning that he might have to lay off 10,000 workers if Congress fails to agree on an alternative to automatic budget cuts.

Posted: 12:23 PM Insurers estimate that Colorado wildfires that destroyed over 600 homes are responsible for at least $449.7 million in damage.

Posted: 9:37 AM Chairman Ben Bernanke says the U.S. economy has weakened and the Federal Reserve is ready to take further action to bolster growth if conditions don't improve.

Posted: 3:57 PM A Senate investigation has found that Europe's largest bank had lax controls that allowed Mexican drug cartels to launder money through its U.S. operations for seven years.

Posted: 12:25 PM The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.