US budget deficit seen at $438bn

According to the latest Capitol Hill estimates, the US government will run a near-record deficit of $407 billion this year. However the actual figure is likely to be much larger than this, because it is not taking into account the recent bailout of the nation's two biggest...

Chinese hackers attack 'anything and everything'

"NORFOLK, Va. -- At the Naval Network Warfare Command here, U.S. cyber defenders track and investigate hundreds of suspicious events each day. But the predominant threat comes from Chinese hackers, who are constantly waging all-out warfare against Defense Department networks,...