The Iraqi government could end this year with as much as a $79 billion cumulative budget surplus, based largely on ever-increasing oil revenue, congressional auditors say. ...more

August 6, 2008

Up to 12,000 refugees fled Sudan's Darfur region to neighboring Chad during the weekend after airstrikes by the Sudanese military. ...more

February 11, 2008

N'DJAMENA, Chad - Hundreds of civilians have died in fierce fighting between rebels and government forces in Chad's capital, Red Cross officials said Tuesday, as insurgents agreed to a cease-fire and their momentum faded. Former colonial power France threatened to enter the fight to support the government. ...more

February 6, 2008

Over the years, we have grown accustomed to government bailouts of financial companies. The odd thing about the current credit crunch, however, is that it isn't the U.S. government that is doing the bailing. ...more

January 1, 2008

A sharp rise in inflation has provoked fierce criticism of hard-line President Mahmoud Ahmadinejad - not only from his reformist opponents, but also from senior conservatives who helped bring him to power but now say he is mismanaging the economy. ...more

December 28, 2007