Students and colleges asked lawmakers on Tuesday to hold off on proposed cuts to Michigan’s main state-funded college scholarship, saying the cuts threaten aid to 96,000 students this fall.

Democrats in Congress crafting spending bills are largely rejecting the roster of program eliminations and budget cuts wanted by President Barack Obama.

An appeals court ruled Tuesday that federal energy regulators have authority over key estimates used to determine electricity pricing in New England, rejecting the states’ effort to gain more control of the region’s power grid.

NEW YORK—-The United Nations is convening a three-day summit of world leaders from 24 – 26, June 2009 at headquarters to assess the worst global economic down turn since the Great Depression.

The chairman of the Federal Trade Commission says eliminating lucrative patent settlements between brand-name and generic drug companies would save consumers $3.5 billion annually.

Gov. Haley Barbour says he has executive authority to keep “critical” agencies operating if there’s no Mississippi budget when the new fiscal year begins next week.

The U.S. agency in charge of $8 billion in stimulus money for high-speed rail projects doesn’t have an adequate plan to oversee the projects, and the system of super-fast trains ultimately will cost much more than even the $8 billion, a government watchdog official told Congress on Tuesday.

Nationwide home sales may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery.

Desperate for a job? How does CEO with a six-figure salary and flexible hours sound?

A strong government auction of two-year notes Tuesday pushed down Treasury yields for a third straight day. Robust demand at Treasury auctions is a good sign for potential homebuyers and homeowners looking to refinance.