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The newly re-elected president indicated that he, not congressional Republicans, reflected more of the popular will, with his call for higher taxes on the wealthy as part of any agreement to avert the fiscal cliff.

Members of a House committee demanded to know why the Food and Drug Administration let the pharmacy that sold tainted drugs continue shipping them after sending a warning letter about problems in 2006.

Through a lawyer, Allen, who is ensnared in the sex scandal that forced the resignation of the CIA chief, said he hopes to answer questions "as completely and quickly as possible."

Some argue the first visit by a sitting U.S. president to the country also known as Burma is too much reward for not enough political reform. But analysts say the trip could be a success if it focuses on the work still to be done.

All prices change. So why did the price of a Coke stay the same for decades? The answer includes a 7.5-cent coin and a company president who wanted to get a couple of lawyers out of his office.

Along with the news about the Gen. David Petreus scandal, we've been hearing about lavish social events given in the Tampa, Fla., area. A lot of military brass from MacDill Air Force Base, where U.S. Central Command is headquartered, go to these events. Linda Wertheimer talks to Ben Montgomery, a reporter with the Tampa Bay Times, about how the scandal is playing out around Tampa.

Famous for processed treats like Twinkies, Hostess Brands says it will go into liquidation if striking bakers don't return to work Thursday. Analysts say the company's most iconic brands would likely be bought by other companies.

Eleven people were killed and one of the largest environmental disasters in history happened after an oil rig in the Gulf of Mexico exploded in 2010.

As the airstrikes on Gaza continue and more rockets are fired into Israel, there's concern about an all-out war. More than 10 people have been killed in Hamas-controlled territory in the past two days. At least three Israelis have died on the other side.

The French Senate approved a measure tripling the tax on palm oil and other vegetable oils. It would sharply raise the cost of making Nutella, a popular chocolate and hazelnut spread. It's meant to cut down on obesity but the tax has prompted an outcry from Nutella lovers.