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Iraq Launches Offensive Against Islamic State WASHINGTON Iraq has launched an offensive to retake territory lost to Islamic State insurgents. Local Kurdish and Shi'ite militias have joined government forces to fight the invading radical group and the

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President Obama signed the 858-billion-dollar tax-cut bill this afternoon, extending Bush-era tax rates for another two years. As NPR's Scott Horsley reports, the tax bill passed the House last night with nearly equal support from Democrats and Repub

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Well, one government agency is predicting that the U.S. will have a deficit in 2011. A big deficit. In a report that came out yesterday, the Congressional Budget Office, or CBO forecast that the U.S. government will spend $1.5 trillion more than it m

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This is the VOA Special English Economics Report. Economics and weather have a lot in common. Knowing what conditions will be like weeks or months in the future is not easy. One thing that helps economists predict the future is the index of leading

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