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Americans cut spending for first time in 20 months

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Debt and spending deal picks up momentum in Senate

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Visualizing the numbers in the debt ceiling deal

(CNN) -- The numbers getting tossed around in Washington during the debt ceiling negotiations can be mind-boggling. Since the average American...

Stocks rally as debt deal moves forward

NEW YORK (CNNMoney) -- U.S. stocks rallied at the open Monday, as investors await a final vote on a deal struck by...

US debt limit really doesn’t limit debt

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Oil rises above $97 after US debt deal reached

SINGAPORE (AP) -- Oil prices rose above $97 a barrel Monday in Asia after U.S. lawmakers struck a last-minute agreement to raise the government's...

Debt ceiling fix could mean problems for states

HARTFORD, Conn. (AP) -- The cost of the compromise needed to raise the federal debt ceiling likely will inflict more fiscal pain on states...

HSBC to cut 30,000 jobs in global overhaul

LONDON (AP) -- British banking group HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank...

Congress moving quickly on debt and spending deal

WASHINGTON (AP) -- Congress is moving quickly on an agreement to avert a potentially devastating default on U.S. obligations, with legislation that mixes a...

Text of Obama remarks on debt ceiling

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