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POLITICS
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America's debt battle
VFW to vets: It's time to fight for benefits
Military and veterans' benefits may get reduced in America's deficit battle, prompting VFW to make a "call to action"
Video
NC crowd loves Obama, but do they love his jobs plan?
How big will super committee go on spending cuts?
Erskine Bowles urges "super committee" to go big
More Stories and Video
VFW to vets: It's time to fight for benefits
Military and veterans' benefits may get reduced in America's deficit battle, prompting VFW to make a "call to action"
Read Full Story »
IRS: Cut our budget, feds lose billions
IRS commissioner warns Congress that proposed cuts to tax agency's budget would greatly worsen service and enforcement
Read Full Story »
Debt "supercommittee" struggling to agree
Many tracking the progress of the congressional committee tackling the nation's debt have grown pessimistic about its prospects
Read Full Story »
Budget cuts are slowing down U.S. courts
State courts are getting hit as legislators balance budgets, backing up court logs for months on end
Read Full Story »
FEMA funding becoming a disaster
A federal government shutdown looms as lawmakers squabble over budget details, and FEMA may be broke by Wednesday
Read Full Story »
How does the public feel about raising taxes?
Polls show most support raising taxes on those making more than $250k, but data reveals divisions between parties and among Republicans
Read Blog »
Can Obama stay angry until Election Day?
John Dickerson: Obama has been angry before, but he's never been able to stay angry; Will his latest economic plan be any different?
Read Blog »
GOP adviser: "Buffett tax" won't help jobless
Says Obama proposal also fails to deal with future growth of entitlement programs
Read Full Story »
Rich taxed less than secretaries? Maybe not
AP Fact Check: President's claims about millionaires' taxes compared to middle class don't add up
Read Full Story »
Deficits still go up big in Obama's deficit plan
Mark Knoller: Even if Obama's proposed cuts and tax hikes are enacted, the debt would still go up $6.3 trillion over 10 years
Read Blog »
Obama steals thunder from super committee
With Mr. Obama insisting he'll veto Medicare changes not accompanied by higher taxes on millionaires, can the deficit panel make a deal?
Read Blog »
Wall Street protests continue, several arrested
Anti-corporate protest organizers seek to channel Tahrir Square by camping out in New York's Financial District
Read Full Story »
Obama draws battle line over $1.5T in tax hikes
President proposes slashing long-term deficit by $3 trillion, half through tax hikes on rich; GOP claim "class warfare"
Read Full Story »
Obama's $3T deficit plan is half tax hikes
President's plan to cut deficit to include entitlement reform, war savings; Obama threatens veto of tax cuts for rich
Read Full Story »
Obama won't call for Social Security cuts
Ahead of Obama's speech on deficit cutting recommendations, aide says he doesn't believe program is "driver" of near and medium term deficits
Read Blog »
NC crowd loves Obama, but do they love his jobs plan?
President Obama was in Raleigh Tuesday on the campus of North Carolina State University to continue to sell his jobs bill.
Watch Video »
How big will super committee go on spending cuts?
Rep. Jeb Hensarling (R-Tx.), co-chair of the "super committee," sat down with CBS News Congressional correspondent Nancy Cordes Wednesday for a frank conversation on what cuts the committee can realistically make.
Watch Video »
Erskine Bowles urges "super committee" to go big
In an interview with CBS News Congressional correspondent Nancy Cordes, Erskine Bowles, co-chair of President Obama's National Commission on Fiscal Responsibility and Reform, urged the "super committee" to "go big," and said the members he's spoken to agree.
Watch Video »
Boehner to Cordes: The bigger, the better for debt cmte
In a press conference Tuesday, CBS News Congressional correspondent Nancy Cordes asked Speaker Boehner "how big" the super committee should go with cuts to national debt.
Watch Video »
Obama to send $447B jobs bill to Congress
President will also continue public tour to drum up support in key campaign states
Read Full Story »
Dems on debt supercommittee want to tackle jobs
Special panel charged with reducing debt to hold opening meeting; Democrats say job growth key to reining in deficit
Read Full Story »
Debt supercommittee pols flush with health money
Health industry found to be top donors to most members of congressional panel charged with overhauling spending on programs like Medicare, Medicaid
Read Full Story »
Unpopular and divided, Congress is back
With 87% disapproval rating, scorned lawmakers return to D.C., no closer to compromise on fixing jobs, debt
Read Full Story »
Deficit "super committee" gets to work
With just a few months to come up with a plan for significant budget savings, the congressional deficit "super committee" is getting down to business
Read Blog »
CBO sees unemployment above 8 percent until 2014
Economy remains in a "severe slump," official scorekeeper for Congress says in a blog post
Read Blog »
National debt has increased $4T under Obama
Latest figures by Treasury Department show the most rapid increase in national debt under any U.S. president
Read Blog »
WH orders agencies to cut budgets at least 5%
Administration also instructs agency heads to propose ways to slash at least 10% of spending to fulfill debt-ceiling deal
Read Full Story »
Bloomberg: Volatile markets not a problem
N.Y.C. mayor says economic turmoil is due to people unwilling to take risks; Promotes small businesses, immigrants as job creators
Read Full Story »
Pope: Morals, ethics needed in fiscal policy
Pontiff decries profit-at-all-cost mentality he says is behind Europe's current economic crisis
Read Full Story »
Los Angeles to Standard & Poor's: You're fired
City of Angels loses faith in ratings agency's judgment of its $7 billion general investment pool after portfolio downgraded to AA
Read Full Story »
S&P; on the hot seat after U.S. credit downgrade
Is S&P;'s downgrade of U.S. debt a sign the influential ratings industry needs reform?
Read Blog »
Report: Feds probing S&P; over mortgage ratings
DOJ investigating Standard and Poor's over mortgage securities ratings, which added to 2008 financial meltdown, NYT reports
Read Full Story »
Donald Trump: I'd be willing to pay higher taxes
In interview, Trump says he'd be fine with a tax hike - but Wall Street might not be
Read Blog »
Panetta keeps up fight against more defense cuts
Defense secretary continues campaign that deeper Pentagon cuts triggered by deficit-reduction failure would be "devastating"
Read Full Story »
Fitch doesn't follow S&P;, maintains U.S. at AAA
Ratings agency calls outlook on U.S. ratings stable a week after Standard & Poor's downgrades American debt; Fitch to revisit rating near year's end
Read Full Story »
Warren Buffett wants to pay higher taxes
Oracle of Omaha urges new super committee in Congress to raise taxes on richest 0.3 percent of Americans
Read Blog »
Market rises Fri., ending manic week nearly even
The Dow and S&P; notched consecutive days of gains for the first time in more than a month; Down down less than 200 for the week
Read Full Story »
Overseas markets show signs of recovery
After a volatile week of trading, overseas stocks shot higher in early trading. Betty Nguyen reports.
Watch Video »
Report: SEC asks S&P; for info on downgrade
FT says financial watchdog wants to know who knew about downgrade before it was official in hunt for potential insider trading
Read Full Story »
Dow ends up over 400 points
The volatile stock market has now changed direction eight times in eight days. This time the Dow is up more than 400 points. Rebecca Jarvis explains what's behind the giant swings.
Watch Video »
Wall Street's wild week continues as Dow soars
Dow Jones shoots up 423 points on small but positive economic signs; First time ever Dow has had four straight 400-point days
Read Full Story »
Report: 23 polls show support for tax hikes
A roundup of 23 polls indicate that Americans consistently support the inclusion of tax increases - not just spending cuts - in deficit reduction plans
Read Blog »
Pelosi reveals "super committee" picks
Reps. Van Hollen, Becerra and Clyburn tapped to serve on the congressional "super committee" tasked with reducing the deficit
Read Blog »
Report: Romney touted tax increases to S&P;
GOP presidential candidate used revenue hikes to push for Massachusetts credit rating upgrade while governor, according to report
Read Blog »
Woman flies banner to show outrage to Congress
A 51-year-old Mo. woman was so angry about the historic U.S. credit downgrade, she spent $895 to hire an airplane to fly around New York City pulling a banner that read, "Thanks for the downgrade. You should all be fired!" Rebecca Jarvis talks Lucy Nobbe about why she decided to share her message in such a public way.
Watch Video »
Steve Forbes: The Fed's "trashing the US dollar"
Businessman rails against the Federal Reserve's policies on CBS' "The Early Show," predicts U.S. will revert to linking dollar to gold
Read Full Story »
Steve Forbes on debt, the dollar and the Dow
Rebecca Jarvis talks to Steve Forbes, Chairman and Editor in Chief of Forbes Media and former Republican Presidential candidate about what it will take to fix the economy.
Watch Video »
Wall Street whiplash
The stock market continues its roller coaster ride, this time, plunging more than 500 points. Jeff Glor reports from the New York Stock Exchange and talks to Wall Street veteran Art Cashin, of UBS Financial Services, for his perspective on the crisis.
Watch Video »
Are we slipping into a 2nd recession?
Scott Pelley asks to Mohammed el-Alarian, the co-chief executive officer of treasury bonds giant Pimco, about the possibility of the U.S. slipping into a second recession - what is causing it and what can be done to stop it.
Watch Video »
Dow loses all gains - again
Investor fears over the U.S. heading into another recession and the threat of a European banking crisis sent the Dow dropping more than 500 points. Rebecca Jarvis reports on what's behind the stock market's wild swings.
Watch Video »
Facts about the debt
CBSNews.com takes a look back at 70 years of debt, spending and default in the U.S. budget
View Photos »
War of words over the debt
A rundown of the jabs and counter-punches between Democrats and Republicans over the battle to raise the debt limit
View Photos »
The debt limit fight: A primer
CBSNews.com explains the issues, motivations and politics at play in the high-stakes battle over raising the nation's debt limit
Read Blog »
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GRAPHIC VIDEO: Qaddafi's bloody body
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Clinton sees Qaddafi news on BlackBerry
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