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NEW: S&P Executive: 1 in 3 Chance of Future Downgrade

Posted: 08/07/2011 - WASHINGTON (AP) - A Standard & Poor's official says there is a 1 in 3 chance that the U.S. credit rating could be downgraded another notch if conditions erode over the next six to 24 months.

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Sentencing Phase for Polygamist Jeffs to Resume

Updated: 08/06/2011 - SAN ANGELO, Texas (AP) - Jurors will continue hearing testimony in the sentencing phase for a polygamist sect leader convicted of child sexual assault, but the defendant may not be in court.

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UPDATE: S&P Officials Defend US Credit Downgrade

Updated: 08/06/2011 - Credit rating agency Standard & Poor's is defending its decision to downgrade the United States' credit rating for the first time in the history of the ratings.

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Obama Praises Deal to Halt Aviation Shutdown

Updated: 08/04/2011 - President Barack Obama is praising a bipartisan deal that will end the partial shutdown of the Federal Aviation Administration and get thousands of workers back on the job.

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Retailers Report Solid Sales Gains for July

Updated: 07/17/2014 - The back-to-school season got off to a strong start as discounts and high temperatures in July drove shoppers to air-conditioned malls.

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Administration Prods Congress to Return, Fix FAA

Posted: 08/03/2011 - Transportation Secretary Ray LaHood is urging Congress to return from its August vacation to resolve a partisan standoff over a bill to end the partial shutdown of the Federal Aviation Administration.

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The Unelected Winners and Losers of the Debt-Limit Showdown

Updated: 08/03/2011 - So we already know what the debt-limit debate did for leaders in Washington: nothing pretty. By and large, the American people were turned off by both parties, infuriated that political squabbling might do measurable damage to the nation’s bottom line.

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Americans Cut Spending for First Time in 20 Months

Updated: 08/02/2011 - Americans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing.

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House Approves Debt Deal

Posted: 08/01/2011 - House Minority Leader Nancy Pelosi says she's "not happy" with debt-limit legislation passed by the House tonight, but she says she's "proud of some of the accomplishments in it. "

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