News bites: Downgrade, debt dance

House GOP Leaders: Standard & Poor's downgrade proves we must take a cuts-only approach.

Supercommittee Dems: Let's come together and strike a deal.

European leaders have pledged to stick together amid crisis, but markets may want more.

Growth in spending might be staving off a double-dip recession.

Verizon is threatening to cut medical benefits for striking workers.

Allstate is suing Goldman Sachs because it claims the investment firm knowingly sold it shoddy mortgage securities.