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The U.S. government ran its largest ever monthly budget deficit in February as the country's fiscal year-to-date deficit ballooned more than 10% to a record of $651.60 billion.

Momentum is building for stricter oversight of derivatives trading, as a top U.S. regulator recommended new limits on credit-default swaps and European leaders pushed for a ban on speculative bets against government debt.

The U.K. prime minister reiterated that he won't be using the upcoming budget to accelerate his government's debt-reduction plan, a controversial topic that has split economists and other experts.

China's exports expanded strongly for the third straight month in February, though they slipped slightly from January, showing a tentative recovery.

Long before the Fed raises short-term interest rates in the face of an improving economy, it will need to signal to the public that a change is in the works. Fed officials are intensifying discussions about how to send that sign when the time comes.