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"We are all very pleased to see an orderly budget process is back," the head of the International Monetary Fund says, as Congress works on spending legislation.

Many banks report earnings this week. Bank of America turned in a loss after taking a big charge for legal expenses. Citigroup will lay off about 300 stock and bond traders in an effort to cut costs.

Political bickering defines Washington these day. Yet leaders from both parties on two key committees have come up with a plan to fix a longstanding problem with the formula that pays doctors who treat Medicare patients. But the politicians haven't figured out how to pay for it.

The reduced tariffs are to take effect next Feb. 14. The move comes after the Trump administration agreed to halve tariffs on about $112 billion in Chinese goods.

The Biden administration is trying to ratchet up pressure on the longtime leader of Belarus. But Alexander Lukashenko is sounding defiant in the face of new U.S. sanctions.

A new collection from Smithsonian Folkways brings together performances by Woody Guthrie, Pete Seeger, Leadbelly and other artists. The simple theme: money — fortunes made, fortunes lost and fortunes desired.

Treasury Secretary John Snow resigned Tuesday and President Bush nominated Goldman Sachs Chairman Henry M. Paulson Jr. as his replacement -- another chapter in the shake-up to revive Bush's troubled presidency.

President Bush nominates U.S. Rep. Christopher Cox (R-CA) to head the Securities and Exchange Commission. He will replace William Donaldson when he steps down June 30.

A victory in the House for federally funded stem-cell research represents a victory for the patients' lobby, comprised of people with personal reasons to hope for a scientific breakthrough.

Former Virginia Governor Mark Warner, a potential 2008 presidential candidate, is meeting with curious and sometimes enthusiastic audiences of the Democratic Party faithful in places like New Hampshire and Iowa.