News Bites: GE's light tax bill

General Electric found a way to avoid paying any taxes in America through specialized tax breaks and fancy accounting.

House Speaker John Boehner (R-Ohio) is feeling pressure from Tea Partiers back home.

A Portuguese bailout could top $100 billion.

Household wealth fell nearly a quarter nationwide from 2007 to 2009, according to a new Federal Reserve study.

Michigan became the first state to cut unemployment benefits as states struggle with budget gaps.

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