Presidents proposal would also eliminate dozens of tax breaks for companies.

Justice requests charges be dropped in FCPA case involving a sting operation.

Plan is DOA, but whats not in it is most revealing.

Economic woes may make it hard for Greece to reduce its deficit.

Europe provides $173 bln in aid, wrings concessions from private investors.

Chains from Gamestop to J.C. Penney shut stores on social networking site.

European finance ministers meet to consider terms of new loans.

Bank messaging consortium prepared to discontinue services to Iranian institutions.