Fed Chief Advocates Long-Term Deficit Reduction but Not Slashing Spending or Boosting Taxes

Leading Indicators Down 0.2 Percent in June; Homes Sales Sink 5.1 Percent

Biggest Rise Since February Reversing Previous Week\'s Sharp Drop

Economics Correspondent Rebecca Jarvis discussed the Dow\'s drop after Federal Reserve Chairman Ben Bernanke\'s comments on slow jobs recovery.

2011 Lincoln MKZ Hybrid To List at Just Over $35K, but Will More Than Double Gas Mileage From Standard Model

New York Times Says Confidential Reports Suggest BP, Transocean Managers Valued Drilling Over Safety

Interior Secretary Ken Salazar Pulled Utah Drilling Leases that Were Issued during Bush Administration

Over 800 Pages, the Law is Packed with Regulations and Restrictions

President Obama signed the Wall Street Reform Bill, a legislation designed to prevent another economic meltdown. Sharyl Atkisson looks inside the new reforms.

With a storm developing hundreds of miles away, the work to finally plug the oil well has come to a halt. As Kelly Cobiella reports, BP has stopped drilling its relief well until the storm threat passes.

Steven Ortiz, a 17-year-old who owns his own Porsche convertible thanks to online trading on Craig\'s List, began trading items with a cell phone he received for free. Rebecca Jarvis reports.

Ben Tracy reports from Bell, Calif., where residents are outraged that the mayor and police chief each earn huge salaries, while the average income in the town is $30,000, with a 16% unemployment rate.

After Fed Chief Tells Congress that Economic Outlook Remains \"Unusually Uncertain,\" Dow Drops 109 Points

Former Media Mogul Was Convicted in of Shareholder Fraud in 2006, but Change in Law May Result in Overturning Conviction

But Woods Remains No. 1 on Sports Illustrated\'s List; Mickelson, Mayweather Jr., LeBron, A-Rod Round Out Top 5

Independent Overseer Tells Lawmakers He\'ll Have Tough Calls to Make on Eligibility, Including Real Estate Agents

Airlines Ordered to Step Up Inspections of More than 100 Planes for Cracks that Could Cause Engines to Fall Off

Reverses Last Year\'s Loss to Top Analysts\' Expectations; Like Other Banks, Trade Revenue Down from 1st Quarter

Continued Foreclosures Could Further Hurt the Already-Ailing Housing Industy and Overall Economy

Erica Hill spoke with Economics Correspondent Rebecca Jarvis about how President Obama\'s financial reform will affect mortgages.