News bites: President's debt limit politics

President Obama admits his 2006 vote against raising the debt ceiling was "political."

Obama's deficit plan requires the Defense Department to find more places to cut.

Wall Street is nearing a settlement with federal regulators over fraud allegations tied to toxic mortgage bonds.

Rapid economic growth and rising inflation in China make for an economy in danger of overheating.

The G-20's effort to drive global growth is faltering.

The Securities and Exchange Commission (SEC) is not ruling out future civil action against Goldman Sachs for its role in the financial crisis.

Are U.S. companies buried in tax obligations or cleverly limiting their exposure?

Britain's austerity budget may not be helping growth after all.