Ken Stanford

By its own estimate, the government made about $100 billion in payments last year to people who may not have been entitled to receive them - tax credits to families that didn't qualify, unemployment benefits to people who had jobs and medical payments for treatments that might not have been necessary.

U.S. stocks are closing lower for a second day in a row as investors position themselves for corporate earnings reports.

The Israeli military launched a major offensive Tuesday in the Hamas-ruled Gaza Strip, striking more than 100 sites and mobilizing troops for a possible ground invasion in what Israel called an operation aimed at stopping a heavy salvo of rocket attacks from the Palestinian territory.

Moody

Ford is recalling 100,566 vehicles in North America for various safety defects.

U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.

Cleveland won the backing of a Republican National Committee panel on Tuesday, all but guaranteeing the GOP's 2016 presidential pick will accept the party's nomination in perennially hard-fought Ohio.

Tackling what he has called a humanitarian crisis, President Barack Obama on Tuesday asked Congress for $3.7 billion to cope with a tide of minors from Central America who are illegally crossing the U.S. southern border, straining immigration resources and causing a political firestorm in Washington.