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Nation Hits Debt Ceiling

Updated: 05/17/2011 - The wrangling over raising the debt limit is now fully in Congress' lap. The federal government has hit the ceiling on its borrowing -- $14.3 trillion.

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Trump Not Running For President

Posted: 05/16/2011 - Donald Trump announced Monday morning that he will not be running in the next presidential election.

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Arraignment to be Held in IMF Head's Sexual Assault Case

Posted: 05/16/2011 - Authorities have subjected the head of the International Money Fund to a forensic medical examination for evidence that could incriminate him in the alleged sexual assault of a hotel maid.

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Huckabee Says He Won't Run for President

Updated: 05/15/2011 - Former Arkansas Gov. Mike Huckabee said Saturday he won't seek the Republican presidential nomination, choosing to stick with a lucrative career as a television and radio personality.

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Stores Affected In Michaels Debit Card Breach

Posted: 05/13/2011 - Michaels Stores says the PIN pads at stores in 20 states were tampered with, potentially exposing customer's credit and debit card information.

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Fiesta Bowl Fined $1M, Stays in BCS

Posted: 05/11/2011 - The Fiesta Bowl will be allowed to remain part of the Bowl Championship Series, though it must pay a $1 million fine for apparent illegal campaign contributions and inappropriate spending.

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NRC Wants Info on Nuke Anti-Terrorism Plans

Posted: 05/11/2011 - The Nuclear Regulatory Commission is demanding that operators of the 104 U.S. nuclear reactors submit detailed information about plans to respond to a possible terrorist attack.

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Obama Mocks Republican Position on Immigration

Posted: 05/10/2011 - President Barack Obama says his administration has answered the concerns of Republican lawmakers who want the U.S.-Mexico border better secured before they are willing to take on comprehensive immigration reform.

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Oil Falls in Volatile Trading

Posted: 05/10/2011 - Oil is falling again in volatile trading as investors try to gauge where the market is headed.

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Obama: Risky Approach on bin Laden was the Best

Posted: 05/09/2011 - President Barack Obama says he knew that sending special forces in helicopters to get Osama bin Laden at his Pakistan compound was risky, but he felt it was the best way to make sure they had their man. (WATCH THE ENTIRE INTERVIEW HERE)

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Gas Prices Projected to Drop by 50 Cents This Summer

Updated: 05/08/2011 - NEW YORK (AP) — Some relief from suffocating gas prices will likely arrive just in time for summer vacation. Expect a drop of nearly 50 cents as early as June, analysts say.

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Economy Adds More than 200,000 Jobs

Updated: 05/06/2011 - Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate rose to 9 percent in part because some people resumed looking for work.

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