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Melissa Block talks with Tony Fratto, a partner with Hamilton Place Strategies and former Treasury spokesperson, about how the Treasury pays bills, why breaching the debt ceiling is problematic, and why the debt ceiling exists at all.

The fight for national bragging rights over gold medals — considered by many countries to be the most coveted prize — came down to the wire and, in the end, China and the U.S. tied with 40 apiece.

Income rose across the board for U.S. households over the past 30 years. But it went through the roof for the households at the top one percent of the income distribution.

The highly anticipated news brought a surprise: The unemployment rate had been expected to stay at 9 percent. But it fell in part because of an increase in the number of "discouraged" workers. They've given up looking for jobs.

The U.S Supreme Court Tuesday overturned the conviction of accounting giant Arthur Andersen on an obstruction of justice charge. It's a victory for the company, which was destroyed by the scandal. But the decision comes too late for the thousands of employees who worked for the accounting firm.

Threats to release some 37 million users' photographs and data come at a time when Ashley Madison's leaders have been discussing a potential $200 million stock offering.

Seven Democrats and two Republicans — all selected by House Speaker Nancy Pelosi — make up the committee tasked with investigating the violent attack on the U.S. Capitol on Jan. 6.

A fire ripped through a hostel in New Zealand's capital overnight, killing at least six people and forcing others to flee the four-story building in their pajamas.

The social media giant said it will again begin verifying certain accounts after putting the process on hold for more than three years.

The bot farm used AI to create social media profiles impersonating Americans and posting post support for Russia’s war in Ukraine and other pro-Kremlin narratives.