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Cerritos, the Los Angeles suburb that lays claim to having the world's biggest auto mall, is one of 36 California cities, including Oakland and bankrupt San Bernardino, facing a state land grab that mayors say will devastate their finances.
Economy

California land grab threatens cities from Oakland to LA suburbs

Bloomberg News -
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GAO calls TSA behavior detection including chatdowns waste
National Security

GAO calls TSA behavior detection including chatdowns waste

Bloomberg News -
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Janet Yellen's nomination to the Fed chair is being held up by Ted Cruz and fellow Republican senator Rand Paul's bid to get a Senate vote on a bill to audit the Federal Reserve. (AP Photo/Jacquelyn Martin)
Economy

S&P 500 reaches record; Treasurys gain, emerging markets slump

Bloomberg News -
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The largest union at Anglo American Platinum Ltd.'s South African mines got permission to strike after a mediator failed to resolve a wage deadlock. (Photo: Thinkstock)
Business

Union at world’s biggest platinum producer gets right to strike

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Dennis Marton walks with protesters at a rally outside a federal courthouse in Detroit on Oct. 23. Detroit's emergency manager and his legal team squared off against unions and pension funds that claim the city isn't qualified to scrub its books clean under Chapter 9 bankruptcy. (AP Photo/Paul Sancya)

Detroit union seeks automatic appeal of any bankruptcy order

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Legislation regarding asbestos claims reach the floor of the House of Representatives on Wednesday. (Photo: Thinkstock)

Top donor Honeywell pushes asbestos bill against trial lawyers

Bloomberg News -
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Republican Dave Camp raises prospect of missing his tax-plan deadline
Politics

Republican Dave Camp raises prospect of missing his tax-plan deadline

Bloomberg News -
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Al Qaeda translator Tarek Mehanna’s conviction upheld on appeal
National Security

Al Qaeda translator Tarek Mehanna’s conviction upheld on appeal

Bloomberg News -
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Congressional Budget Office director Doug Elmendorf talks about the nation's economic outlook while testifying before Congress on Capitol Hill in Washington on Wednesday. (AP Photo/Jacquelyn Martin)
Politics

Congress offered 103 options to lower deficit from budget chief

Bloomberg News -
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The U.S. budget deficit last month narrowed more than economists forecast as rising employment contributed to the strongest October revenue on record.
Economy

Budget deficit in US narrows on record revenue for October

Bloomberg News -
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