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Americans cut spending for first time in 20 months

Posted: 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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Giffords returns to Houston

Updated: 08/02/2011 - A friend of Gabrielle Giffords says the wounded congresswoman returned to Houston right after her dramatic appearance Monday on the House floor.

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Geithner uncertain if US credit rating jeopardized

Posted: 08/02/2011 - Treasury Secretary Timothy Geithner (GUYT'-nur) says he doesn't know if the bruising debt-limit battle will harm America's Triple-A credit rating, but says he fears "world confidence was damaged by this spectacle."

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Almost a done deal

Posted: 08/02/2011 - The Senate is set to vote this afternoon on the bill to raise the debt limit that the House approved yesterday. Senators are expected to approve it and then send the bill to President Barack Obama for his signature.

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US stock futures rise broadly in wake of debt deal

Posted: 08/01/2011 - U.S. stock futures are jumping after President Barack Obama and Congressional leaders signaled they have a deal to raise the nation's borrowing limit ahead of Tuesday's deadline.

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AWOL soldier defiant in first court appearance

Updated: 07/29/2011 - 21-year-old Pfc. Naser Adbo appeared in court in Texas Friday. He went AWOL from Fort Campbell, and is accused of plotting an attack at Fort Hood.

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House approves debt bill; Senate rejects it

Updated: 07/29/2011 - In an unforgiving display of partisanship, the Republican-controlled House approved emergency legislation Friday night to avoid an unprecedented government default and Senate Democrats scuttled it less than two hours later in hopes of a better deal.

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Economy slowed sharply in first half of year

Updated: 07/29/2011 - The economy slowed in the first six months of 2011 to its weakest pace since the recession ended. High gas prices and scant income gains forced Americans to sharply pull back on spending.

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First-term Senate Democrat disgusted with Congress

Posted: 07/29/2011 - A Senate Democrat says House Speaker John Boehner's failure to get fellow Republicans to back his debt limit bill dramatizes the folly of a "go-it-alone" approach to the financial crisis.

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Congressman: Boehner bill gets support overnight

Posted: 07/29/2011 - A Republican member of the House Ways and Means Committee says he believes the GOP is "very close" to having enough votes to pass Speaker John Boehner's debt limit bill Friday.

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Tropical Storm Don moving toward southern Texas

Posted: 07/28/2011 - Tropical Storm Don is growing a little stronger but not forecast to become a hurricane as it moves across the Gulf of Mexico toward southeastern Texas.

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House GOP freshmen: We're behind Boehner debt plan

Posted: 07/28/2011 - House Speaker John Boehner (BAY'-nur) is picking up more support from House Republicans from his deficit-reduction plan that should come to a vote later today, but he says he's not there yet.

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