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Trump seeks to slash $3.6 trillion of spending in austere budget

WASHINGTON U.S. President Donald Trump wants lawmakers to slash $3.6 trillion in government spending over the next decade, taking aim in an austere budget plan unveiled on Tuesday at healthcare and food assistance programs for the poor while boosting the military. | Video

Recent Business News

U.S. government sues Fiat Chrysler over excess emissions

WASHINGTON The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.

Environment, Italy 1:58pm EDT

OPEC set to prolong oil output cuts by nine months

VIENNA OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

12:20pm EDT

Apple and Nokia see deeper partnership after ending patent dispute

HELSINKI Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 percent. | Video

1:18pm EDT

CEOs of Target, ADM offer differing views on U.S. border tax at hearing

WASHINGTON The chief executive officers of two major American companies - retailer Target Corp and agribusiness Archer Daniels Midland Co - offered opposing views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax.

Politics, Election 2016 1:34pm EDT

U.S. carmaker lobby wants rules of origin left intact in NAFTA talks

WASHINGTON A powerful U.S.-based automakers group said on Tuesday that it favors keeping rules of origin intact in the North American Free Trade Agreement (NAFTA), echoing comments from its Mexican counterpart.

12:15pm EDT

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