105-year-old Sona Babai of Iran waits to be sworn in as a U.S. citizen during a naturalization ceremony in Pomona, near Los Angeles, California October 25, 2006.   REUTERS/Lucy Nicholson

Senate panel passes immigration bill

WASHINGTON - A Senate panel approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.  Full Article 

Millions falling into poverty in recession-racked Italy: report 5:01am EDT

ROME - Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years.

A man carries his belongings through debris after the suburb of Moore, Oklahoma was left devastated by a tornado, on May 21, 2013.REUTERS/Adrees Latif

Twisters return, but Oklahoma short on shelters

The people of central Oklahoma know all too well the destructive power of a tornado, but residents had few basements and storm shelters to run to when the alarm sounded, officials said.  Full Article 

Men are silhouetted against a video screen with an Apple logo as they pose with an Apple iPhone 4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, May 17, 2013. REUTERS/Dado Ruvic

The Irish loophole behind Apple's low tax bill

LONDON - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple's arrangements dates back over 30 years.  Full Article 

(L-R) J. Russell George, Treasury Inspector General for Tax Administration of the U.S. Treasury, Steven Miller, the acting director of the U.S. Internal Revenue Service, and Douglas Shulman, former commissioner of the Internal Revenue Service, are sworn in before the Senate Finance Committee in Washington May 21, 2013.REUTERS/Gary Cameron

Tax official at center of scandal won't testify

WASHINGTON - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee.  Full Article 

Pedestrians walk past a Raiffeisen Bank branch in Moscow May 19, 2013.  REUTERS/Sergei Karpukhin

No easy pickings in Russia's banking market

MOSCOW - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for.  Full Article | Factbox 

The Inter-Korean Kaesong Industrial Complex (KIC) inside the North Korean border is seen from an South Korean observation post, near the truce village of Panmunjom in Paju, about 55 km (34 miles) north of Seoul May 22, 2013.  REUTERS/Choi Dong-jun/Newsis

North Korea sends top aide to Beijing

SEOUL/BEIJING - North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong-un to Beijing, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally.  Full Article 

Former Iranian President Akbar Hashemi Rafsanjani casts his ballot in a parliamentary election in Tehran March 2, 2012. REUTERS/Stringer

Iran bars candidates for presidential election

DUBAI - Iranian authorities barred two potentially powerful and disruptive candidates from running in next month's presidential election, ensuring a contest largely among hardliners loyal to the clerical supreme leader.  Full Article 

Free Syrian Army fighters travel on a motorcycle in Deir al-Zor May 16, 2013. Picture taken May 16, 2013. REUTERS/Khalil Ashawi

Senate panel backs arming Syria rebels

WASHINGTON - A Senate panel voted overwhelmingly to send weapons to rebels fighting Syria's government, but it was not clear who would get the arms even if the bill succeeds, as Washington struggles to deal with its response to the conflict.  Full Article 

Tutu scoops Templeton Prize

May 22 - Retired South African archbishop Desmond Tutu wins the $1.7m Templeton Prize for his contribution to 'affirming life's spiritual dimension'. Paul Chapman reports.

Bethany McLean

How much does Jamie Dimon matter?

To his supporters, he’s the personification of everything that’s best about the financial system. But to detractors, he’s the personification of all that’s wrong with modern banking — the arrogance, the resistance to new regulation, the astronomical pay in the face of obvious mistakes.  Commentary 

Gary Regenstreif

What Hollande can learn from Queen of Hearts

So far there has been little to show for his economic policies. Some actions have backfired and others have not gone far enough.  Commentary 

Glenn Hubbard and Tim Kane

U.S. power: Down but still unrivaled

Beijing does not threaten to counterbalance U.S. power as gravely as America’s economy threatens to become imbalanced on its own.  Commentary 

John Lloyd

The European Union's unending quandary

As recession deepens in the euro zone, the political questions about what comes next are resurfacing.  Commentary 

Bill Schneider

Party opinion usurps public opinion

We are witnessing the slow death of public opinion in this country. It’s being displaced by party opinion. Elections today are less and less about persuasion and more and more about mobilization: You rally your supporters in order to beat back your opponents.  Commentary 

Jack Shafer

What was James Rosen thinking?

While I join the chorus of rage aimed at the excesses of a Department of Justice leak investigation that has criminalized the reporting of Fox News Channel’s James Rosen, I also wonder how much of Rosen’s trouble is of his own making.   Commentary