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    President Barack Obama pauses before he delivers his State of the Union address on Capitol Hill in Washington, Tuesday, Jan. 24, 2012. At left are Vice President Joe Biden and House Speaker John Boehner. (AP Photo/Saul Loeb, Pool)

    Obama warns of economic inequality

    President Obama warned in his State of the Union address Tuesday that the nation's middle class is at risk because of growing economic inequality, and argued that the government must do more to preserve the basic American dream. More »Obama warns of economic inequality

    U.S. President Barack Obama hugs Representative Giffords prior to his State of the Union address to a joint session of Congress on Capitol Hill in Washington,

    SOTU brings emotional, bipartisan farewell to Gabrielle Giffords

    WASHINGTON -- President Obama may have delivered the big speech on Tuesday night. But … More »SOTU brings emotional, bipartisan farewell to Gabrielle Giffords

    U.S. President Barack Obama delivers his State of the Union address to a joint session of Congress on Capitol Hill in Washington

    Obama urges taxing the rich, reining in Wall Street

    WASHINGTON (Reuters) - President Barack Obama used his last State of the Union speech … More »Obama urges taxing the rich, reining in Wall Street

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    Watch the ABC News interview with President Obama on Yahoo! News Thursday and Friday
    • A general view of the Apple Flagship Store at Pudong Lujiazui in Shanghai
      Apple returns to form, blows Street targets away Reuters - 7 hrs ago

      SAN FRANCISCO (Reuters) - Apple Inc's quarterly results blew past Wall Street's expectations after U.S. consumers snapped up near-unprecedented numbers of iPhones and iPads, sending its shares up 8 percent into record territory. … More »Apple returns to form, blows Street targets away

      A general view of the Apple Flagship Store at Pudong Lujiazui in Shanghai

      SAN FRANCISCO (Reuters) - Apple Inc's quarterly results blew past Wall Street's expectations after U.S. consumers snapped up near-unprecedented numbers of iPhones and iPads, sending its shares up 8 percent into record territory. The world's most valuable technology corporation returned to form after a rare miss in the previous …

    • Republican presidential candidate and former Speaker of the House Gingrich waves to supporters during campaign stop at Fort Myers
      Gingrich wants to hear his debate fans roar Reuters - 12 hrs ago

      TAMPA, Florida (Reuters) - Republican presidential candidate Newt Gingrich, coming off one of his most subdued debate performances of the campaign, signaled on Tuesday he may skip future debates unless his supporters are … More »Gingrich wants to hear his debate fans roar

      Republican presidential candidate and former Speaker of the House Gingrich waves to supporters during campaign stop at Fort Myers

      TAMPA, Florida (Reuters) - Republican presidential candidate Newt Gingrich, coming off one of his most subdued debate performances of the campaign, signaled on Tuesday he may skip future debates unless his supporters are given full license to clap, cheer and roar. Gingrich complained that NBC News moderator Brian Williams …

    • Workers load a container onto a cargo ship at a port in Tokyo
      Japan's first trade deficit since 1980 raises debt doubts Reuters - 1 hr 4 mins ago

      TOKYO (Reuters) - Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors. … More »Japan's first trade deficit since 1980 raises debt doubts

      Workers load a container onto a cargo ship at a port in Tokyo

      TOKYO (Reuters) - Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors. The aftermath of the March earthquake raised fuel import costs while slowing global growth and …

    • The IMF head Lagarde arrives at German Council on Foreign Relations in Berlin
      IMF's Lagarde: combining ESM, EFSF would boost confidence Reuters - 1 hr 55 mins ago

      PARIS (Reuters) - IMF Managing Director Christine Lagarde said on Wednesday that combining the European Union's temporary EFSF rescue fund with its permanent ESM mechanism would help restore confidence in the flagging region … More »IMF's Lagarde: combining ESM, EFSF would boost confidence

      The IMF head Lagarde arrives at German Council on Foreign Relations in Berlin

      PARIS (Reuters) - IMF Managing Director Christine Lagarde said on Wednesday that combining the European Union's temporary EFSF rescue fund with its permanent ESM mechanism would help restore confidence in the flagging region and provide a solid firewall to the Greek crisis. "If the two of them could make a common European …

    • New Yahoo CEO says company needs to "do better" Reuters - 8 hrs ago
      The Yahoo! Connected TV booth is shown during the 2011 International Consumer Electronics Show (CES) in Las Vegas

      (Reuters) - Yahoo Inc Chief Executive Scott Thompson said reviving the company's flagging display advertising business was his "highest priority," even as he crafts a broader plan to bring the struggling Internet company back to fighting form. "There's no question that we need to do better," said Thompson on his first quarterly …

    • Citi mulls further cuts in securities and banking unit Reuters - 1 hr 8 mins ago

      (Reuters) - Citigroup Inc may consider further restructuring of its securities and banking unit if the business does not see meaningful revenue recovery over the course of 2012, Chief Financial Officer John Gerspach said on a conference call. "While we are strategically committed to securities and banking, we are not oblivious …

    • Pentagon budget to cut military, cancel programs Reuters - 2 hrs 2 mins ago
      An aerial view of the Pentagon in Washington

      WASHINGTON (Reuters) - The Pentagon will preview a budget proposal this week that begins to implement $487 billion in spending cuts over the next decade by trimming the size of the military and canceling or scaling back some weapons programs. Defense Secretary Leon Panetta will discuss the broad outlines of his budget request …

    • Greek creditors urge quick deal after eurozone rejection Reuters - 10 hrs ago
      Greece's Finance Minister Venizelos, French counterpart Baroin (C) and Danish Economy Minister Vestager attend the EU finance ministers meeting in Brussels

      ZURICH/ATHENS (Reuters) - Greece's private creditors pleaded on Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default. Athens' hopes for a swift deal with lenders were evaporating after euro zone ministers on Monday rejected creditors' demand …

    • Romney returns show low tax rate; questions linger Reuters - 7 hrs ago
      The first page of the 2010 U.S. 1040 tax return for Mitt Romney and his wife Ann is seen in this document released by the Romney campaign

      TAMPA, Fla./WASHINGTON (Reuters) - Republican U.S. presidential candidate Mitt Romney bowed to political pressure and gave the public a glimpse inside his personal fortune on Tuesday, releasing U.S. tax returns showing he pays a lower effective tax rate than many top wage-earners. Unlike Americans who rely on a paycheck, …

    • Obama to Republicans: Game on AP - 1 hr 54 mins ago
      President Barack Obama delivers his State of the Union address on Capitol Hill in Washington, Tuesday, Jan. 24, 2012, as Vice President Joe Biden and House Speaker John Boehner, right, listne. (AP Photo/Saul Loeb, Pool)

      President Barack Obama delivered an election-year broadside to Republicans: Game on.

    • Obama speech echoes in town with failed factory AP - 1 hr 30 mins ago

      After 19 years running state unemployment offices across northern Missouri, Steve Moore can rattle off the names of shuttered factories in this old railroad town with ease.

    • AP IMPACT: Delhi ignores own quake peril warnings AP - 3 hrs ago
      In this Dec. 20, 2011 photo, commuters move past congested houses built close to each other in India's most crowded northeast district of New Delhi, India. If a major earthquake were to strike India's seismically vulnerable capital, this neighborhood, home to 2.2 million people and India's most crowded district, would likely collapse into an apocalyptic nightmare. (AP Photo/Manish Swarup)

      The ramshackle neighborhoods of northeast Delhi are home to 2.2 million people packed along narrow alleys. Buildings are made from a single layer of brick. Extra floors are added to dilapidated buildings not meant to handle their weight. Tangles of electrical cables hang precariously everywhere.

    • School lunches to have more veggies, whole grains AP - 1 hr 43 mins ago

      Schoolchildren's favorite lunch — the ubiquitous frozen pizza — is about to get healthier.

    • AP Exclusive: States weaken teacher tenure rights AP - 4 hrs ago
      EMBARGOED UNTIL 12:01 A.M., WEDNESDAY,JAN. 25, 2012- FILE - In this Tuesday, Feb. 15, 2011 file photo, a vandalized pick-up truck that belongs to Idaho Department of Education Superintendent Tom Luna is seen outside his Nampa, Idaho home. America's public school teachers are seeing their generations-old tenure protections weakened as states seek flexibility to fire teachers who aren't performing. A few states have essentially nullified tenure protections altogether, according to an analysis being released Wednesday by the National Council on Teacher Quality. (AP Photo/Idaho Press-Tribune, Greg Kreller, File) MANDATORY CREDIT

      America's public school teachers are seeing their generations-old tenure protections weakened as states seek flexibility to fire teachers who aren't performing. A few states have essentially nullified tenure protections altogether, according to an analysis being released Wednesday by the National Council on Teacher Qua …

    • Iraqi town says justice failed victims of US raid AP - 3 hrs ago
      Omer Chasib who lost his father in the U.S. Marines raid in Haditha in 2005 stands in front of his house in Haditha, Iraq, Tuesday, Jan. 24, 2012. There were no public outbursts of anger in Haditha on Tuesday when the news that the U.S. Marine sergeant, who told his troops to "shoot first, ask questions later" in a 2005 raid reached a deal with prosecutors to serve a three-months prison sentence for the killing spree that ended with 24 unarmed Iraqis dead. (AP Photo/Hadi Mizban)

      In this town which saw 24 unarmed civilians die in a U.S. raid seven years ago, residents expressed disbelief and sadness that the Marine sergeant who told his troops to "shoot first, ask questions later" reached a deal with prosecutors to avoid jail time.

    • CEOs defend capitalism at anguished Davos forum AP - 55 mins ago

      Some of the world's top CEOs are admitting that capitalism is worsening inequalities, but they say it's better than any alternative.

    • US military raid in Somalia frees American, Dane AP - 1 hr 27 mins ago

      U.S. military forces helicoptered into Somalia in a nighttime raid Wednesday and freed two hostages, an American and a Dane, while killing nine pirates, officials and a pirate source said.

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