President Obama has responded to recent setbacks by striking a more populist tone, and his primary target has been Wall Street. Bankers are hoping he takes a more inclusive line in his State of the Union address Wednesday.
The Los Angeles City Council passed an ordinance Tuesday capping the number of medical marijuana dispensaries and placing restrictions on where they could be located.
A plan for a bipartisan commission to press for tax increases and spending cuts failed in the Senate, but President Obama may establish a similar panel by executive order.
Toyota Motor Company will temporarily stop selling and building eight models for the U.S. market while it tries to resolve a problem with accelerator pedals.
AP - Toyota's decision to suspend U.S. sales on an unprecedented scale to fix faulty gas pedals is a blow to the automaker's reputation for quality and endangers its fledgling earnings recovery.
AP - Democrats retreated Tuesday from a quick push to pass President Barack Obama's health care overhaul, lacking a workable strategy to salvage the sweeping legislation that has consumed Congress for more than a year.
AP - President Barack Obama will try to pivot past rocky times for the nation and himself Wednesday night in his first State of the Union address, offering a skeptical public repackaged plans to energize the economy, stem a tide of red ink and strengthen anti-terror defenses.
President Obama wants to freeze non-security federal discretionary spending over the next three years. So what exactly is he proposing? We start with the numbers.
Dozens of lawmakers support legislation that would set up a more streamlined system for matching Haitian orphans with families in the United States, a U.S. senator said Tuesday.