House grills IRS officials
The House Oversight and Government Reform Committee is holding hearings into accusations that the Internal Revenue Service singled out conservative groups for extra tax scrutiny. Lois Lerner, the IRS official at the center of the scandal, is expected to decline to answer questions. Live Coverage
Existing home sales highest in almost three-and-a-half years
WASHINGTON - Home resales rose in April to the highest level in nearly 3-1/2 years, which should support the housing sector and the overall economic recovery.
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
EU leaders shine spotlight on Apple tax policy
BRUSSELS - European leaders plan to discuss how to combat aggressive tax avoidance by major companies such as Apple, Amazon and Google and cut the estimated 1 trillion euros a year the EU loses to tax evasion or avoidance. Full Article
Sweden's capital hit by worst riots in years
STOCKHOLM - Hundreds of youths have set fire to cars and attacked police and rescue services in poor immigrant suburbs in three nights of rioting in Stockholm, Sweden's worst disorder in years. Full Article
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
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
Market Pulse: UK recovery? Investors not buying it (or cable)
May 22 - The pound's down and bonds bounce, as the latest data and BoE minutes cast doubt over the UK recovery. Expect cable near $1.48 and gilt yields at 1.70%, says ICAP. Plus, euro/Swiss hits a 2-year high.
Latest Headlines
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
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
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
The European Union's unending quandary
As recession deepens in the euro zone, the political questions about what comes next are resurfacing. Commentary
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
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
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Japan's real estate resurgence
Japan’s property sector has been down in the dumps for decades. But the country's massive stimulus drive is finally convincing people to buy again as they bet interest rates and prices will rise. Video
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