Economy

President now asks for $1.4 trln in tax hikes, down from $1.6 trln.

President and House Speaker's office moderate the tone of their comments.

Monetary authorities debate the extent to which they should pursue other goals.

Companies have cut borrowing expense to lowest level since 2002, making it harder to squeeze costs.

Italian Prime Minister's departure poses test for eurozone.

As balance sheet gets bigger, the risks in unwinding it increase.