The governor of Puerto Rico announced Wednesday that the U.S. territory would seek a form of bankruptcy protection to restructure its US$70 billion debt, the largest municipal restructuring in U.S. history.
Lawmakers on Monday unveiled a huge US$1 trillion-plus spending bill that would fund most government operations through September but would deny President Donald Trump money for a border wall and rejects his proposed cuts to popular domestic programs.
Since the Federal Reserve upped its benchmark interest rates by a notch in mid-March, the skies have grown a shade darker for the world's largest economy.
Giving workers a raise, investing in new machinery. Small business owners have long wish lists to choose from if the Trump administration's plan to lower tax rates becomes law -- but most don't expect to go on a hiring binge.
United Airlines moved to staunch criticism -- and any customer defections -- by reaching a settlement Thursday with a passenger dragged off one of its planes two weeks ago and issuing new policies designed to prevent similar customer-service failures.
U.S. President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement at this time, just hours after administration officials said he was considering a draft executive order to do just that.
Slash corporate taxes and hope the resulting bounce in economic growth brings in enough government revenue to stop the budget deficit from ballooning.
U.S. President Donald Trump has long railed about unfair trade practices of China and Mexico. Now he's drawn a new target -- Canada.
The U.S. government doesn't have a clear idea of what NAFTA covers, a business body representing several big North American multinationals said Tuesday after Washington picked a trade fight with Canada.
Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting.