A Senate panel issued a scathing report Wednesday that describes Goldman Sachs as a “case study” of the recklessness and greed on Wall Street that set off the 2008 financial crisis.

President Obama on Wednesday officially threw his weight behind an idea to revamp the way Americans currently pay their individual tax bills, getting rid of popular breaks to lower all income brackets.

President Obama has got the spending cut religion.

It was more than the naysayers were expecting, but less than what many deficit hawks had hoped.

One in six Americans are receiving help from the government, just as fiscal austerity threatens to reduce some of that aid.

Store sales rose slightly in March, aided by a surge in furniture and home furnishings, and robust gains in electronics and gasoline sales, the government reported Wednesday.