The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said Friday.

The price of oil plunged 2 percent Friday, the largest one-day drop since April, as Libyan oil appears poised to return to the market while global demand looks to be muted.

A second federal judge has ordered the IRS to provide information about lost emails from a central figure in the agency's tea party controversy.

As the World Cup neared its end this week, Twitter had a field day with Brazil's humiliating 7-1 loss to Germany in the semifinals, which became the most-discussed sports game in the social network's history.

Maui house and condo prices are increasing, while sales numbers are lagging, according to real estate figures for the first six months of the year.

Gov. Deval Patrick signed into law Friday the final state budget of his administration, while also asking lawmakers to expand his authority to order spending cuts, if needed, during his last months in office.

The former head of the nation's largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped an associate collect millions in a fraudulent investment scheme.

A bus carrying Chinese tourists flipped on its side on a busy highway in Grand Teton National Park, and eight of the people on board remained hospitalized Friday, officials said.

The Associated Press has named Vaughn Morrison as its new head of US video production.

A man is in custody on suspicion of arson after authorities say he set fire to cardboard inside a baggage claim area at a San Francisco Bay Area airport.

An Italian company whose mobile app allows San Francisco drivers to get paid for the public parking spaces they exit has temporarily shut down the service following an order from the city attorney.

John Seigenthaler, the journalist who edited The Tennessean newspaper, helped shape USA Today and worked for civil rights during the John F. Kennedy administration, died Friday at his Nashville home at age 86, his son said.

The most valuable and expensive World Cup ever will earn billions of dollars for FIFA, millions for the competing countries and thousands for the more than 700 players selected.

The former leader of Rhode Island's economic development agency has voluntarily dismissed a complaint against lawyers who represented the agency in the $75 million 38 Studios loan-guarantee deal, attorneys said Friday.

Family members of a Russian man charged with hacking in the United States insist he is innocent and fear he will die in custody if he doesn't have his medication.

Federal health advisers say there is little to no evidence that a popular technique for removing fibroids can be performed without the risk of spreading undetected cancers to other parts of the body.

Rain that has washed out portions of fields in several corn-growing states prompted the government to lower its estimate of this year's corn crop size, but soybean fields may actually produce more than earlier expected, the U.S. Department of Agriculture said Friday.

The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.

Ohio's Democratic candidate for governor says LeBron James' return to Cleveland boosts more than the Cavaliers' title chances.

The on-demand ride-sharing app Lyft postponed its scheduled Friday launch in New York City while a state judge will wait until next week to consider whether its planned operations violate state and local laws.

NASCAR President Mike Helton said Friday there is no animosity from the governing body toward the recently formed, nine-team Race Team Alliance that will collaborate on initiatives and issues facing auto racing.

Louisiana Attorney General Buddy Caldwell says a south Louisiana flood board member who supports the board's environmental lawsuit against the oil and gas industry has reached the end of his term. That means Gov. Bobby Jindal may soon have another weapon as he and the industry work to kill the lawsuit.

Colorado sold less recreational pot in May than in April, the first month-to-month sales decline for the drug that became legal at the beginning of the year.

Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's oldest and biggest tobacco companies.

UnitedHealth Group has sued California's insurance commissioner to block a $173.6 million fine the insurer incurred for violations during a botched acquisition.

If LeBron James was going to win another NBA title, heal broken hearts and continue building his legacy, he knew there was only one place to go.

Halliburton said Friday it is entering its first joint venture in China that will use hydraulic fracturing, or fracking, to unleash energy.

As many college graduates grapple with poor job prospects and crushing student debt, Maine officials hope a new database will help prospective students make more informed choices about what degree to pursue and how much they can afford to borrow for their education.

The spot month contract for light sweet crude was $101.32 per barrel at 12 p.m. Friday on the New York Mercantile Exchange.

As the rain-swollen Mississippi River carried on its plodding retreat Friday, western Illinois farmer Joe Zumwalt wasn't complaining about the flooding that wound up swamping a hundred or two of his 3,500 river-bottom acres of corn and soybeans.

Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.

A state-commissioned report that had been anticipated Friday identifying potential sites for a new Buffalo Bills stadium is now expected at the end of the month.

General Motors Co. has named an Infiniti executive to head its Cadillac division, which has struggled with sagging U.S. sales this year while competing luxury brands have advanced.

A hearing by the secretary of state's office on possible violations of lobbying laws in the 38 Studios deal has concluded with no resolution, and another hearing is scheduled for later this month.

The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year.

U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.



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