Standoff

The reward for surviving Sandy may be higher taxes

By By WAYNE PARRYAssociated Press TOMS RIVER, N.J. (AP) - Superstorm Sandy may have one more nasty surprise still to come: higher taxes. The math is simple and cruel. The storm left fewer properties standing, often wrecking waterfront communities that paid the highest taxes because of the

French minister wants steel firm ArcelorMittal out

By JAMEY KEATENAssociated Press PARIS (AP) - Many European countries with lagging economies are trying to draw in foreign investors. But in France, a Socialist minister says he wants to kick the world's biggest steel maker out of the country, accusing it of lying to the government. The

Correction: Egypt story

CAIRO (AP) - In a story Nov. 25 about Egypt, The Associated Press misidentified reform leader Mohamed ElBaradei as a former director of the U.S. nuclear agency. ElBaradei is a former director of the U.N. nuclear agency. A corrected version of the story is below: Egypt's political foes dig in

Bernanke warns Congress to avoid 'fiscal cliff'

By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGERAP Economics Writers WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without