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Gov. Arnold Schwarzenegger vetoed an $18 billion deficit-cutting package Tuesday that legislative Democrats characterized as the only "game in town."

As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to settle their tax debts.

The 1040, 1040A and 1040EZ each offer taxpayers different filing options. Which is right for you?

Most taxpayers will file their returns electronically this year. Here are the ways you can be one of them.

The incoming Administration may be looking beyond infrastructure spending to business and personal tax cuts to pump nearly $1 trillion into the economy

RIVERWOODS, Ill.----The Discover U.S. Spending Monitor fell for the fourth consecutive month in December, declining more than three points to a new low of 76.6 . Both components of the monthly spending index – consumer confidence in the U.S. economy and consumer spending intent – reached new lows during the month, as concerns about the economy may be weighing on post-holiday spending plans.

Top U.S. lender Bank of America , raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank on Wednesday, dragging the Chinese bank's stock 6 percent lower.

Top U.S. lender Bank of America , raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank on Wednesday, dragging the Chinese bank's stock 5 percent lower.

Colorado lawmakers return to work Wednesday with the urgent task of cutting up to $600 million from the current $19.2 billion budget and creating a "Jobs by June" plan to jump-start the state's construction industry.

Republican lawmakers and anti-tax groups on Tuesday sued to block an $18 billion Democratic budget package, claiming it included tax increases that were not passed by the required two-thirds majority in the Legislature.

West Virginia remains the envy of most of the rest of the country when it comes to state budget revenues: It ended the first half of its budget year last month with a potential surplus of nearly $75 million.

The idea of a boring, safe investment has never sounded so good after a year in which everything from stocks to real estate got flat-out clobbered.

Equifax Inc. today announced that its Board of Directors has taken several actions to enhance the Company's corporate governance practices.

Tax collections in Massachusetts were up $21 million last month from December 2007, but they would have been sharply off without some sizable one-time corporate tax payments and the state's financial outlook remains troubled.

New Hampshire's banking commissioner has denied a payday lender's request to charge 365 percent interest on open-ended lines of credit.

A Republican state lawmaker wants to make it more expensive for Georgians to light up. Rep. Ron Stephens of Savannah is proposing a $1 per-pack increase to the state's 37 cent cigarette tax.

When the state comptroller estimates the state's revenue next week, lawmakers will get their first glimpse of how much the national recession has hit Texas.

With budget reductions already in place and more down the road, Democrats who control most of state government could face a political backlash as Iowans see popular programs cut and question how the state got into this position.