With U.S. economic recovery still slow, trade policy looms as a factor in the congressional midterm races. This Backgrounder explores the consequences for trade based on the outcome of the Democratic…

As the Obama administration finalizes its first defense budget, analysts say near-term growth will be followed by lean spending amid the worst economic crisis since the Great Depression.

The debate over defense spending will be more contentious than usual as the annual budget process ramps up in Washington.