What A Credit Ratings Cut Could Mean For The U.S.
On Monday, President Obama warned Americans that the country's AAA credit rating would be downgraded if no deal is made. Experts say it won't be clear how big of a problem a credit downgrade would be until the markets react, but there's little doubt that a default will be very costly.
How Do Debt Ceiling Talks Impact The Marketplace?
Robert Siegel speaks with Bill Gross, founder of Pimco, the largest fixed-income bond fund in the world, about his thoughts on how the debt ceiling tangle in Washington is reflected in the marketplace.
Lawyer Of Norwegian Shooter Says Client Is Deranged
The lawyer for Anders Behring Breivik, the man accused of the bombing and mass shooting in Norway, says his client is clearly insane. Speaking in Oslo Tuesday morning, the lawyer also said Breivik told him there are more extremist cells in other parts of Europe.
Bowing To Pressure, McDonald's Makes Happy Meals More Healthful
McDonald's will begin rolling out new Happy Meals in September, downsizing the french fries and putting a fresh fruit or veggie in every box. As a result of the changes, the chain says it's cutting calories of its most popular Happy Meals by about 20 percent.
Living In A Post Office
The U.S. Postal Service released a list Tuesday of 3,700 post offices it is considering closing as part of an effort to become leaner and more competitive. For some ideas on what could become of vacant post office buildings, Michele Norris talks with Sarah Belhasen, a family physician who bought the old post office in her town of Paintsville, Ky., a decade ago. Belhasen turned the building into her home.
When Patents Attack
Why would a company rent an office in a tiny town in East Texas, put a nameplate on the door, and leave it completely empty for a year? The answer involves a billionaire physicist, a 40-pound cookbook, and a war waging right now, all across the software and tech industries.
Can Boehner's Debt Ceiling Plan Pass?
Speaker John Boehner's plan for raising the debt ceiling in two steps and cutting the budget comes to the House floor Wednesday. But does he have the votes to pass it?
White House Official Discusses Debt Ceiling
Michele Norris speaks with Gene Sperling, director of the National Economic Council and assistant to the president for economic policy. They talk about the latest developments in the debt ceiling negotiations.
Debt Ceiling Decision Could Hamper Job Growth
For some in the current debate, the government's focus on budget deficits is a start toward a better economy. For others, it's a distraction from dealing with the real problems of unemployment. If lawmakers aren't careful, the deficit reduction deal could actually make the jobs picture worse.
Teen Fights To Succeed In Rural S.C. Community
Nearly a third of students in rural areas don't graduate. In states like South Carolina, lots of teenagers just don't think they need a high school diploma. Nick Dunn, 16, is at risk of joining the ranks of dropouts. School administrators say he lives under "chaotic conditions" at home.