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With all the talk about taxes and whether we should lower them, you'd think that the citizens and corporations of the United States face steep tax rates. You'd be wrong, though. When it comes to taxes, things are not as they appear.

It has been a long, confusing summer for the federal budget: The FAA shutdown, the debt ceiling crisis, the Deficit "Supercommittee." But all of that was just prelude to the battles ahead over the 12 major appropriations bills to fund the government's "discretionary" spending.

American Airlines was hit with a record $24.2 million fine by the Federal Aviation Administration on Thursday for failing two years ago to comply with mandatory safety rules.

Regulators are considering hitting American Airlines (AMR) with a record penalty of $25 million or more for safety violations, The Wall Street Journal said. The fine relates to problems discovered in 2008, when improperly fixed electric wiring around landing gear forced American to ground its...

The Federal Aviation Administration is ready to slap a record $25 million or more penalty against American Airlines for maintenance lapses involving wiring in the MD-80 jet that caused flight cancellations in 2008, according to the Wall Street Journal. The official fine letter isn't expected to be...

It has been just over three years since the media first saw the shell of the 787 Dreamliner, and since then, Boeing has missed deadline after deadline with plane. Now looks poised to miss another. But will this be the aircraft's last delay?

Little Neytiri caused a big uproar recently on an AirTran Airways flight from Atlanta to Milwaukee when his 10-year-old owner took him out of his cage and cuddled him on the taxiway. After spying Carley Helm holding her two-inch turtle, the crew ordered the plane to return to the gate, where Helm...

Airline passengers complained less about flying last year, but less people flew as people spent less, according to a new study. The study, sponsored by Purdue University in Indiana and Wichita State University in Kansas, shows that planes landed on time more often and bags got lost less often,...

The government is lifting a 70-year-old ban on letting pilots fly while on antidepressants, citing improvements in the drugs and an unforeseen side effect of the restriction: Depressed pilots kept flying but just kept their conditions secret.

The attempt to blow up a Northwest Airlines jet on Christmas quickly led to new travel restrictions and tougher security. Airline stocks dropped on the news, but shares of companies that make airport security devices rallied smartly