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Lawmakers have spent much of this year struggling to reach a deal that could get budget deficits under control. But the problem has been developing for at least a decade. In 2000, there was a $200 billion surplus.

Even as Congress' deficit-reduction supercommittee ran into a dead end this week, the resulting mandatory spending cuts were immediately targeted by interest groups and sympathetic lawmakers. No interest group stands to lose more than the defense industry.

The baby boomer generation came into politics with a liberal challenge to the establishment, but that hasn't made it a reliably Democratic voting block. This middle-aged group is deeply dissatisfied with the economy and frustrated with the president.

Texas Gov. Rick Perry's struggling campaign turns to tried-and-true Republican operatives to shore up its efforts as weeks tick down to primary season. One is a veteran of disaster management.

Industry experts say the iconic ice-cream parlor, which has filed for bankruptcy protection, has been hurt by the down economy. But Friendly's may also have crossed the line from classic oldie to obsolete.

President Obama's campaign reported the hefty sum of $61 million cash on hand as of Sept. 30, but at this point in the election contest, that's one of few things that are clear about the race for the White House.

Obviously, we can't know now how this will all play out. There's evidence some conservatives are rallying around him, seeing the revelation as a dirty trick by liberals. Some see similarities to sexual harassment bomb that went off during the Senate confirmation hearings for Justice Clarence ThomasBut there's also the suspicion that Cain is on the receiving end of oppo research by one of his rival Republican candidates.

With college tuition on the rise, students find one way to keep up: take on more debt. New data show that students who graduated in 2010 carried 5 percent more debt than in the previous year.

Voters in Ohio have defeated a new law that limits the collective bargaining rights of unionized public workers. Since the law hadn't taken effect yet, current union rules will remain in place. Ohio voters hope their outcome will send a message to other states considering similar laws.

After a meteoric rise, GOP presidential candidate Michele Bachmann is now polling in the single digits. But she's still plowing ahead with her campaign, and this week she came out with a memoir. The Minnesota congresswoman talks with co-host Steve Inskeep about Core of Conviction and aiming to win the nomination.