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Fed upbeat on U.S. economy despite global turmoil

WASHINGTON - The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year.

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Air Force picks Boeing 747-8 to replace Air Force One: sources

WASHINGTON - The U.S. Air Force plans to announce on Wednesday that it has decided to use Boeing Co's commercial 747-8 airliner to replace its current fleet of Air Force One presidential aircraft, two sources familiar with the decision said on Wednesday.

3:09pm EST

Two Israeli soldiers, U.N. peacekeeper killed in Israel-Hezbollah violence

JERUSALEM/BEIRUT - Two Israeli soldiers and a Spanish peacekeeper were killed on Wednesday in an exchange of fire between Hezbollah and Israel, one of the most violent clashes between the two sides since a 2006 war.

Flooding leaves mess in oceanfront Massachusetts after storm

MARSHFIELD, Mass. - Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. | Video

Exclusive: Spending- why 'red' states shoulder the deepest cuts under Obama

WASHINGTON, Jan 28 - As Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular, according to an analysis of federal spending by Reuters. | Video

12:04pm EST

Obama's pick for attorney general aims to smooth ties with Congress

WASHINGTON - Loretta Lynch, President Barack Obama's pick for attorney general, on Wednesday sought to make a clean break from the testy relationship her predecessor had with Congress, while supporting the legality of Obama's controversial actions on immigration.

1:45pm EST