Scott Neuman

The U.S. Postal Service has backed off a plan to halt Saturday mail delivery, saying that Congress has forced it to continue the service despite massive cost overruns.

In a statement released Wednesday, the USPS Board of Governors said restrictive language included in the latest Continuing Resolution, which keeps the government operating until September in lieu of a budget, prevents it from going ahead with the plan.

UPDATE at 11:05 a.m. ET: Obama: Growing Economy, Shrinking Deficits Both Possible

President Obama unveiled his 2014 budget proposal Wednesday, calling it a "fiscally responsible blueprint" that can help grow the economy and shrink deficits.

The president said his plan addresses the debate about how to expand the economy while reducing government red ink: "This budget answers that argument because we can do both," he said at the Rose Garden.

KPMG has withdrawn as auditor of Herbalife and Skechers USA after the accounting firm revealed that one of its partners may have sold inside information on the companies to a third-party stock trader.

Nutrient-supplement seller Herbalife briefly halted activity in its shares after the revelation, only reopening trading Tuesday afternoon. The company's stock was down 21 cents at $38.18 Tuesday. The broader market was mixed.

Which Japanese-manufactured car is the world's most popular vehicle? Maybe none of them. It might just be the Ford Focus.

More than a million Focus models were sold worldwide last year, with Toyota's Corolla coming in second. Next was Ford's top-selling F-Series pickup, sold almost exclusively in the U.S. and Canada, according to the marketing firm R.L. Polk.

Still, there's one caveat. As The Wall Street Journal points out:

Russia is urging the U.S. and North Korea to end an escalating cycle of dangerous provocations after Pyongyang put its missile forces on high alert and American stealth bombers flew practice bomb runs over the Korean Peninsula.

Foreign Minister Sergei Lavrov, speaking Friday in Moscow, said the tit-for-tat moves were becoming a "vicious cycle" that could "simply get out of control," Reuters reports.

The U.S. military is making no secret about a training flight by a pair of nuclear-capable B-2 stealth bombers from a base in the American Midwest to the Korean Peninsula — what's being described as an "extended deterrence mission."

The flight of the two radar-evading bombers "demonstrates the United States' ability to conduct long range, precision strikes quickly and at will," the United States Forces Korea said in a press release Thursday.

The responsibility for counterterrorism operations involving unmanned drones could soon begin shifting from the CIA to the Pentagon as part of Obama administration efforts to mollify critics who say the program lacks transparency, says NPR's Tom Gjelten.

A senior U.S. official tells NPR that while no decision has been made, the change is a "distinct possibility." The Daily Beast broke the story on Wednesday.

Cardinal Jorge Bergoglio's ascendency to Pope Francis has suddenly placed his Jesuit order in the spotlight.

Francis' papacy is the first for a member of the Society of Jesus, which was founded in 1540 by the Spaniard St. Ignatius of Loyola and has grown to become the single-largest Catholic order, playing a central and occasionally controversial role within the church.

Today, some 20,000 Jesuits, about three-quarters of them priests, work in more than 100 countries and are best known for the schools and institutions of higher learning they administer.

The new pope, 76-year-old Jorge Bergoglio, the archbishop of Buenos Aires, is the first pontiff from Latin America and the first Jesuit, but he appears to hold views very much in line with his predecessor, Pope Benedict XVI.

Bergoglio has chosen the papal name Francis, becoming the 266th to hold the title of spiritual leader of the Catholic Church.

Update at 11:15 a.m. ET: Senate Passes Measure:

The Associated Press reports that the committee cast a 10-8 party-line vote, with all Republicans opposed, on the measure to expand a requirement of background checks for gun sales between private parties.

The Associated Press reports:

"The bill's sponsor, New York Democrat Sen. Charles Schumer, said the measure will reduce gun crimes, and said he hopes he can strike a compromise on the measure with Republicans, which would enhance the measure's chances of passing in the full Senate.