Later this morning, President Obama will outline his plans for reducing the long-term deficit. The proposal is expected to focus on cuts to entitlement programs and tax increases.
Details of last week's budget battle are trickling out this morning. The budget agreement, reached on Friday, cut federal spending by $38 billion and avoided a government shutdown.
In a report, the International Monetary Fund says the Palestinian Authority has put into place the economic reforms needed for statehood.
Worsening radiation at the nuclear reactors damaged by Japan's earthquake and tsunami is also putting at risk the financial health of the reactors' owner, one of Japan's largest electric utilities.