Economists worry that large budget deficits will burden future generations. But strong fiscal expansion would actually enhance the U.S. economy's long-run prospects.

If an online newspaper in Pasadena, California, can outsource coverage to India, I wonder how long can it be before some guy in Bangalore is ... more

The new fear is that the terrorist attacks in Mumbai could unleash dangerous new furies between nuclear-armed India and Pakistan.

Water in Venice rose to its highest level in more than 20 years Monday, flooding much of the Italian city and forcing residents and tourists ... more

A second senior official has resigned his post and another offered to step down.

Suicide bombings in Baghdad and Mosul took the lives of at least 30 Iraqis on Monday in carnage that recalled pre-surge levels of violence.