By law, the deficit-reducing super committee must deliver a plan to Congress by Wednesday. But the prospects for success are fading to black.
With the White House preparing for negotiations Sunday over a deal on raising the debt ceiling, House Democrats say they will not support cuts in Social Security or Medicare benefits.
The members of the House and Senate who were appointed to the latest presidential deficit panel represent the starkest partisan views on Capitol Hill. But that could be a good thing.
The Senate passed financial reform Thursday, and President Obama will sign it, but many of the tough decisions will be made by federal regulators. How they interpret the bill will be key.
The bill gives government new powers to rein in 'too big to fail' companies and to protect consumers. The House is set to vote on the financial-regulation measures Friday.