Politics

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The U.S. government would be given broad new powers to shrink financial firms deemed "too big to fail" and shift the cost of rescuing troubled companies from taxpayers to other large firms, according to draft legislation released Tuesday.

Iran vowed Tuesday to seek "important changes" in a United Nations plan that would require it to ship its enriched uranium out of the country for processing abroad, raising alarm among Western governments involved in nuclear talks with the country.

After days of negotiations, Senate Majority leader Harry Reid, D-Nev., announced Monday that he will include a government-run public health insurance option in the health care reform legislation he plans to bring to the Senate floor.