Only tax increase can cure Illinois budget woes, study says

Tax increases are the only solution to a widening budget crisis that a new study says has landed Illinois among the nation's most financially troubled states, a soon-to-be-released report by a team of University of Illinois ...

Rockets, doughnuts could face ax in US budget cuts

Hundreds of millions of US taxpayer dollars have been wasted on everything from doughnuts to rockets, auditors told Congress Thursday as budget-minded lawmakers prepared to slash science funding.

Sales-tax collection likely in Amazon's future

When word emerged that Amazon.com Inc. was hunting for new warehouse sites, leaders in this business-friendly Southern state rolled out a welcome mat of tax breaks to lure the Internet retailer.

After Mars, India space chief aims for the moon

India now has its sights set on low-budget missions to land on the moon and study the sun after becoming the first country in Asia to reach Mars, the head of its space agency said Tuesday.

Economist examines US debt limit impact

It's not exactly comforting that the United States is running up against its debt limit, as officials announced this week, nor is there immediate cause for concern for the average taxpayer, says University of Michigan economist ...

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