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IMF warns of potential risks to global growth

WASHINGTON - Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

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U.S. home prices down in May, but consumer confidence strong

NEW YORK - U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.

11:40am EDT

Putin may have passed point of no-return over Ukraine

MOSCOW - Vladimir Putin risks becoming an international pariah over the Ukraine crisis but the Russian president is battening down the hatches for the gathering economic and political storm.

World, Russia 2:13pm EDT

Obama wrote Putin about violation of nuclear treaty -White House

WASHINGTON - President Barack Obama wrote to Russian President Vladimir Putin to inform him directly that the U.S. government had determined that Russia violated the intermediate-range nuclear treaty, White House spokesman Josh Earnest said on Tuesday.

Politics, Russia 2:02pm EDT

China says investigating powerful former security chief for graft

BEIJING - China's Communist Party said on Tuesday it had launched a corruption investigation into former domestic security chief Zhou Yongkang, one of the country's most influential politicians of the last decade, in a case that has its origins in a party power struggle.

World, China 11:13am EDT
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U.S. House Speaker Boehner dismisses talk of impeaching Obama

WASHINGTON - Republicans have no plans to begin impeachment proceedings against President Barack Obama, House of Representatives Speaker John Boehner declared on Tuesday, putting the blame on Democrats for stirring up pre-midterm election tensions in Washington.

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Karzai's powerful cousin killed, worsens strains over poll deadlock

KABUL - Afghan President Hamid Karzai's powerful cousin, a close ally of presidential candidate Ashraf Ghani, was killed in a suicide bomb attack on Tuesday, officials said, deepening strains over an election marred by fraud and under a U.N.-monitored review.