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How is Wall Street preparing for a default?

New hope that a default on the debt limit can be averted sent stock prices higher on Monday. Anthony Mason reports on what Wall Street ...

Chinese media blasts U.S., calls for "de-Americanized world"

China's state-news agency Xinhua wrote a public commentary arguing that the U.S. debt crisis should prompt a 'de-Americanized world' -- ...

Obama steps aside as shutdown negotiations progress

The cancellation of a meeting between President Obama and Senate leaders is a sign that negotiations have gained speed toward a final deal ...

Schieffer: Time stands still in Washington, D.C.

Bob Schieffer says, 'It was hard believe last week's poll showing the country has become so disgusted with its politicians that six out of ...

IAF bars Indian PSUs from taking part in $ 3 billion aircraft deal

Indian Air Force IAF has barred Indian PSUs like Hindustan Aeronautics Limited HAL from taking part in the 3 billion aircraft deal. The IAF ...

No signs of progress on deal to reopen government

While House leaders from both parties met Wednesday, there were no overt signs they were close to a deal on ending the government shutdown. ...

Amex CEO says failure to raise debt ceiling "not an option"

American Express chairman Ken Chenault worries that if the U.S. Treasury defaults on its debts, the world's financial system will unwind. ...

Fed chair nominee Janet Yellen known as consensus builder

President Obama nominated Janet Yellen to succeed Ben Bernanke as the Federal Reserve chairman Wednesday. One of the most experienced ...

TV commercials too loud? CALM Act to the rescue

Thanks to the CALM Act, a excessively loud television commercials will be banned. Charlie Rose reports.

Flash Points: What's behind President Morsi's power grab?

In the latest edition of 'Flash Points,' CBS News senior national security analyst Juan Zarate and correspondent Bob Orr discuss the ...

Vatican may limit visitors to the Sistine Chapel

The Sistine Chapel is one of the most famous works of art in the world. But the piece of art is now being threatened by dust, dirt and even ...

HealthWatch: We should limit our salt intake

Recent reports led to confusion over the amount of salt we eat, but a new study reaffirms we should keep our salt intake to a minimum. Dr. ...