Forecasters say the unusually mild winter so far over the East and Midwest could reduce heating costs 20 percent. Good news for those who pay the heating bills. Maybe not so good for those who sell the fuel.

A mild winter means cash-strapped governments save money. But lack of snow can be costly for others.

Poor weather on election day can mean fewer voters at the polls, and bigger expenses for the candidates.

An increase in extreme weather in 2011 has lead to one of the most expensive years for insurance claims. It's also turning out to be a record year for sheep rustlers on the lamb in the English countryside, where a record number of sheep have gone missing this year. Plus, China and Japan make a currency deal, Detroit girds for possible state takeover, and more top headlines from around the globe on this day after Christmas.