Posted: 10:41 AM U.S. lawmakers must work quickly to avoid sharp tax increases and spending cuts that could throw the economy into recession next year, an international lending organization said Tuesday.

Updated: 3:57 PM The winning numbers from Saturday's drawing were 07-15-20-41-44 Powerball 22.

Posted: 9:03 AM The average U.S. rate on the 30-year fixed mortgage stayed this week at the lowest level on record.

Posted: 1:37 PM New vehicle prices have dropped $500 in the past year, mainly because Japanese automakers have restocked dealers after car shortages in 2011.

Posted: 1:20 PM President Barack Obama is pledging to be an "insourcing" leader who will bring jobs that have moved overseas back to the U.S.

Posted: 2:54 PM Russell Stover Candies has agreed to pay $585,000 to settle alleged violations of the federal Clean Water Act at its facility in the east-central Kansas town of Iola.

Posted: 1:01 PM President Barack Obama is urging Congress to stop interest rates on student loans from doubling on July 1.

Posted: 9:18 AM Chesapeake appointed Archie Dunham, a former board chairman at ConocoPhillips, as an independent non-executive chairman. Dunham has no prior relationship with Chesapeake.

Posted: 9:10 AM The average U.S. rate on a 30-year fixed mortgage fell this week to a record low for the seventh time in eight weeks.

Posted: 2:52 PM Chairman Ben Bernanke says the Federal Reserve is open to purchasing more Treasury bonds to lower long-term interest rates and boost growth if the economy worsens.

Posted: 1:29 PM A group of 20 workers at the Quaker Oats plant in Cedar Rapids have stepped forward as winners of a $241 million Powerball jackpot.

Posted: 12:14 PM The Federal Reserve is extending a program designed to drive down long-term interest rates to spur borrowing and spending.

Posted: 2:02 PM Employers in April posted the fewest job openings in five months, suggesting hiring will remain sluggish in the months ahead.

Posted: 10:05 AM Drugstore chain Walgreen Co. says it will spend $6.7 billion to buy a stake in health and beauty retailer Alliance Boots.

Updated: 11:05 AM A jury reached the verdict Friday in the Manhattan case against Rajat Gupta.

Posted: 2:09 PM For $235,000, you could indulge in a shiny new Ferrari -- or raise a child for 17 years.

Posted: 10:06 AM A ticket sold at a grocery store in Cedar Rapids has matched the Powerball numbers and won someone a jackpot of $241 million.

Posted: 10:04 AM More Americans sought unemployment aid last week, suggesting hiring remains sluggish.

Posted: 9:54 AM Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 3.71 percent.

Posted: 10:13 AM JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.

Posted: 3:29 PM U.S. stocks are closing higher, recovering some of their big loss from a day earlier, after a Federal Reserve official said he supported more measures to stimulate the economy.

Posted: 1:34 PM When those college tuition bills come in, be prepared for sticker shock.

Posted: 1:10 PM The federal budget deficit is rapidly approaching $1 trillion for a fourth straight year even though the government is collecting more tax revenue than last year.

Updated: 6:55 PM The fire has blackened about 64 square miles and destroyed more than 100 structures northwest of Fort Collins. Hundreds of homeowners have evacuated.

Updated: 9:47 AM U.S. states expect to collect higher tax revenue in the coming budget year that combined would top pre-recession levels, according to a survey released Tuesday.