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Detroit 3 Score High on Auto Quality Survey

The Detroit Three did well on Strategic Vision's 2013 quality study with the Dodge Dart, Ford Fusion and Chevrolet Volt getting the best scores in their respective segments.

Gap in Net Worth Grows Between Races in U.S.

The net wealth of middle-income white families has far outpaced that of Hispanics and blacks over the past three decades, according to the Urban Institute.

Detroit Is Insolvent, Report Says

Detroit is basically insolvent and has borrowed beyond its means, a report from Emergency Manager Kevyn Orr said.

ECB May Buy Asset-backed Securities

The European Central Bank president says the ECB is considering buying asset-backed securities to support lending to small- and medium-sized companies.

Americans Get Along Well, Despite Politicians

Can we agree on this? Americans still think alike much of the time even if our politicians don't.

Jobs Reports Trigger Spin, Hype, Blame

Politics and monthly jobs reports are inextricably linked and trapped in a vicious cycle of hype and finger pointing.

Economic Forecast Improves for Late 2013

Political paralysis in Washington won't stall an economic recovery that's revving up across the rest of the country, according to a consensus of economists.

U.S. Tax Authority Apologizes for Singling Out Anti-Tax Groups

The Internal Revenue Service admitted Friday that it treated some groups associated with the anti-tax Tea Party with additional scrutiny when they applied for tax-exempt status as nonprofit organizations.

Obama Says U.S. Housing Market Is Healing

U.S. President Barack Obama said Saturday the housing market is healing seven years after the real estate bubble burst.

Japanese Yen Dips Below 100 to the Dollar

The Japanese yen, which has been declining against the U.S. dollar, dipped below the 100 mark against the greenback for the first time since April 2009.

IRS Reels in $5.5 Billion From Tax Cheats

The IRS has recouped more than $5.5 billion under a series of programs that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, government investigators said Friday.

Bernanke Points to Continued Risks to Financial System

The Dodd-Frank Wall Street Reform and Consumer Protection Act mandates greater scrutiny of the financial system, Federal Reserve Chairman Ben Bernanke said.

U.S. Fiscal Policy Restrains Growth, Fed Says

The Federal Reserve recognized that U.S. fiscal policy of federal and state budget cuts and tax increases are having a negative effect on the economic recovery.

G7 Finance Ministers to Discuss Banking Reform

Finance ministers from the Group of Seven (G7) are to discuss banking reform and tax evasion at a two-day meeting that begins Friday outside London, British Chancellor George Osborne said.

Most Hispanic High School Grads Enroll in College

Nearly 70 percent of Hispanic high school graduates enrolled in college last fall, a higher rate than white U.S. students, Pew Research Center reports.