Business

Plug Pulled On 'Plan B,' House Breaks For Christmas

House Speaker John Boehner was dealt a major defeat Thursday night. After spending most of the week trying to round up votes for his "Plan B" to extend tax cuts for virtually everyone, he pulled the measure without a vote. The clock keeps ticking toward the end of the year, when automatic tax increases and spending cuts are set to hit.

The Day Instagram Almost Lost Its Innocence

The wildly popular photo-sharing site Instagram nearly caused a user revolt when it revamped its terms of service and privacy policy to suggest it could allow uploaded photos to be used in ads without users' permission. Instagram later clarified its position in an effort to quell concerns.