Ford Motor Co will report its U.S. sales for July rose from a year ago on a late-month surge under the federal government’s “Cash for Clunkers” incentive program, senior U.S. executives said on Sunday.

President Barack Obama’s treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.

Wrecking coral will cost you in Hawaii. A Maui tour company is paying the state nearly $400,000 for damaging more than 1,200 coral colonies when one of its boats sank at Molokini, a pristine reef and popular diving spot.

After soaring on upbeat corporate earnings and forecasts, Wall Street might be able to stay positive even as there are signs that the economy is still struggling.

The middle-aged crowd in the packed Guosen Securities office jostle around buzzing printers that spit out receipts for their share buys, hoping to cash in on China’s stimulus-fueled stock market boom.

Top U.S. officials said on Sunday more steps may be needed to firm up economic recovery — including extended jobless benefits — and declined to rule out future tax increases to tame massive budget deficits.

A lot was supposed to happen on health reform before Congress went on summer vacation. Turns out, a lot didn’t. End result: The heavy lifting on health reform legislation has been pushed to the fall.

A government report Friday showed that the economy is no longer falling off a cliff, but that doesn’t necessarily mean we can slam the door on the recession.