Obama Signs Bill To Avert Default, Open GovernmentPresident Barack Obama has signed a measure into law reopening the federal government and averting a potential default.
Gov't Shutdown Blame Game Starts With No End In SightThere were suggestions from leaders in both parties that the government shutdown, heading for its second day, could last for weeks and grow to encompass a possible default by the Treasury if Congress fails to raise the nation's debt ceiling.
Pelosi: Don't Tie Spending Cuts To Debt Ceiling DealStruggling for the upper hand in the next round of debt talks, Republicans and Democrats this weekend drew lines in the sand they said they’d never cross when it comes to the U.S. debt limit.
Opinion: Grover Puts Himself Before Party And CountryGrover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
KCBS In Depth: The EconomyAn interview with UC Berkeley Professor of Economics and Law Alan Auerbach on the fluctuating state of the economy and what needs to be done to improve it.
Treasurer: Downgrade Expected To Have Little Effect On Calif.State Treasurer Bill Lockyer on Monday said there's no reason the ratings downgrade of the federal government will have an immediate effect on California but cautioned the state is still on the mend.
Budget Deal Could Jeopardize Bay Area High Speed RailFunding for high speed rail, which remains uncertain, could be further jeopardized by the budget deal that avoided default.
SJSU Professor Says Default Preferable To Debt DealSan Jose State Economics Professor Jeff Hummel has said it would have been a good thing if the government had defaulted on its debt.
CBS 5 Poll: Nearly Half Of Californians Think Tea Party Is 'Bad For America'Nearly half of all Californians think the Tea Party political movement is bad for the nation, according to a new KPIX-TV CBS 5 poll designed to gauge voter attitudes about the latest federal budget deal struck on Capitol Hill.
NorCal Lawmakers Respond To Debt PlanThe debt plan's details are minimal at this point, but it would add to the nation's debt limit in a two-part package, while slicing $1 trillion in federal spending over the next decade.
Pelosi: Boehner Chose To Go To The Dark SideMinority Leader Nancy Pelosi drew hoots and cheers Saturday on the House floor. She said Republican Speaker John Boehner "chose to go to the dark side" when he didn't have the votes to support his debt ceiling bill.
Apple Now Has Larger Cash Reserve Than Federal GovernmentThe U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion. Apple currently boasts a cash reserve of $75.876 billion.
California Treasurer Prepares For Possible Federal DefaultCalifornia's state treasurer said he is preparing contingency plans in case the federal government misses its Aug. 2 deadline to raise the debt ceiling.