The city of Stockton, Calif., late Tuesday voted to adopt a new budget under which it can operate if it is under bankruptcy protection, a move widely considered the last step before the city formally files for Chapter 9 protection.
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Authorities in Colorado continued to battle wildfires that have forced more than 32,000 people to evacuate, as some neighboring states suffer through their own brutal wildfire season.
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The Illinois Teachers' Retirement System's top official said the pension fund might lower its annual-return target, now among the highest in the U.S.
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West Virginia sued 14 drug wholesalers to force stricter distribution of painkillers and other controlled substances, alleging the companies have benefited from the state's problem with prescription-drug abuse.
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Congressional aides say a $109-billion highway bill and $6 billion in funding to ensure that interest rates on new student loans don't double to 6.8% starting on July 1 are part of the deal.
Federal authorities are investigating suspected stowaways inside a shipping container on a freighter docked at Port Newark .
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The city will allow Michigan State University to move forward on its proposal to develop an agriculture research project designed to address the issues around producing and expanding access to fresh food.
House Ways & Means Chairman Dave Camp said Republicans won't increase tax revenues to cope with deficits even though "revenue percentage of GDP is at a historic low."
More than 6,300 homeowners who owed millions of dollars in federal taxes received government-backed mortgages in violation of a federal policy, according to a report by a federal watchdog.
With the Supreme Court poised to rule on the constitutionality of President Obama's health-care overhaul Thursday, analysts are racing to figure out the implications for the economy.
Lennar reported a sharply higher quarterly profit aided by a tax-related gain and stronger home-building revenue and said the U.S. housing market continues to recover slowly.
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TransCanada has won federal approval to build the southernmost section of the massive pipeline it plans to bring crude oil from Oklahoma to the Gulf Coast, the company said.
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America will halve its reliance on Middle East oil by the end of this decade and could end it completely by 2035 due to declining demand and growth of new petroleum sources, energy analysts say.
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A federal appeals court upheld the EPA's first-ever rules limiting carbon-dioxide emissions, a major victory for the Obama administration.
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A day after the Supreme Court upheld a key provision of Arizona's immigration law, Democrats and advocates seized the decision as an opportunity to encourage Latinos to register to vote.
The University of Virginia board voted unanimously to reinstate ousted President Teresa Sullivan, a rare reversal on the heels of two weeks of protests from faculty, students and alumni.
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Richard Carranza, incoming superintendent of the San Francisco Unified School District, faces tight budgets and a decline in the student population.
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Americans by a wide margin favor Obama's new policy halting deportations of many young illegal immigrants brought to the U.S. as children, a new poll shows.
Why is Obama doing relatively well with voters who don't think he's doing a good job? One answer: His campaign's big investment in attack ads to undermine Romney.
A diet based on healthy carbohydrates offers the best chance of keeping weight off without bringing unwanted side effects, a new study shows.
Oregon's largest city now picks up garbage once every two weeks, but collects yard waste and kitchen scraps weekly. The goal: churn Portland's considerable volume of vegetation into compost.
Nora Ephron, an essayist and screenwriter whose fixation on food, real estate and the relationships between men and women helped reinvigorate the Hollywood romantic comedy, dies at 71.
Few would dispute that southern Louisiana is boudin heaven. Trickier to answer is which of three competing Cajun communities is the sausage's official mecca.
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The popularity of Greek-style yogurt has brought manufacturing jobs to New Berlin, N.Y., a tiny town in the green hills of the state's central region. But farmers can't keep up with the escalating demand for milk.
As the Olympic movement gets more professional, an old question is popping up more often: Does the battle for a spot on America's Olympic team take place too close to the beginning of the Games?
With China's rising global influence, a growing group of Westerners are going to great lengths to give their kids a leg up in Mandarin.
Amid high temperatures and low humidity, Colorado is battling several wild fires that are forcing evacuations and engulfing houses.