Consumers can expect to pay about 15% more to heat their homes this winter despite recent slumps in oil and natural gas prices.

WASHINGTON (Reuters) - The Federal Reserve on Tuesday announced it would create a special-purpose facility, with the Treasury Department's blessing, to begin buying commercial paper in yet another emergency move aimed at calming chaotic financial markets.

BEIJING (Reuters) - A $6.5 billion U.S. arms sale to Taiwan has ruined years of work building trust with China, China said on Tuesday as the Pentagon voiced disappointment that Beijing had reacted by postponing military exchanges.

TEHRAN (Reuters) - A senior Iranian official denied on Tuesday a local news agency report that a U.S. military plane had violated the country's airspace and was forced to land, saying both the aircraft and the people on board were Hungarian.

WASHINGTON (Reuters) - U.S. regulators sent a letter to American International Group Inc warning of its lack of transparency and ability to oversee its financial products in March, a top Democratic lawmaker said on Tuesday.